H.R. 7235 · 110th Congress
To amend the Federal Deposit Insurance Act the amount of deposits insured under that Act.
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
ShaysSponsor11 cosponsors · 2 D, 9 R
R
Alexander
PD
D
DeFazio
CD
R
Dent
DH
R
Heller
DN
R
Nunes
JP
R
Pitts
DR
R
Reichert
JS
R
Shadegg
JS
R
Sullivan
FW
R
Wolf
HM
D
Mitchell10 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Federal Deposit Insurance Act to: (1) increase from $100,000 to $300,000 the maximum amount of deposit insurance for accounts insured by the Federal Deposit Insurance Corporation (FDIC); and (2) require the FDIC to adjust premiums for deposit insurance based on solvency of the Deposit Insurance Fund (DIF) to ensure that the Fund is funded by…
What it does: CRS summary · Introduced in House · Sep 29, 2008
Amends the Federal Deposit Insurance Act to: (1) increase from $100,000 to $300,000 the maximum amount of deposit insurance for accounts insured by the Federal Deposit Insurance Corporation (FDIC); and (2) require the FDIC to adjust premiums for deposit insurance based on solvency of the Deposit Insurance Fund (DIF) to ensure that the Fund is funded by premiums from insured depository institutions, and not by taxpayer revenues.
Repeals the cap on the maximum amount of deposit insurance for deposits in an insured depository institution made in connection with specified kinds of retirement accounts, including individual retirement accounts (IRAs).
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Federal Deposit Insurance Act the amount of deposits insured under that Act.
Latest action (Sep 29, 2008): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Sep 29, 2008
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.