H.R. 5429 · 111th Congress
Investor Deposit Yardstick Act
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
HarmanSponsor10 cosponsors · 9 D, 1 R
R
Dreier
HB
D
Berman
LR
D
Richardson
AS
D
Schiff
LS
D
Sánchez
HW
D
Waxman
JG
D
Garamendi
PS
D
Stark
GN
D
Napolitano
LR
D
Roybal-Allard1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Investor Deposit Yardstick Act - Extends retroactively the increase in the standard maximum deposit insurance amount pursuant to the Emergency Economic Stabilization Act of 2008 (EESA) to include depositors in any institution for which the Federal Deposit Insurance Corporation (FDIC) was appointed as receiver or conservator on or after January 1, 2008, and…
What it does: CRS summary · Introduced in House · May 27, 2010
Investor Deposit Yardstick Act - Extends retroactively the increase in the standard maximum deposit insurance amount pursuant to the Emergency Economic Stabilization Act of 2008 (EESA) to include depositors in any institution for which the Federal Deposit Insurance Corporation (FDIC) was appointed as receiver or conservator on or after January 1, 2008, and before October 3, 2008.
Directs the FDIC to take necessary actions to carry out deposit insurance requirements under the Federal Deposit Insurance Act (FDIA) with respect to such depositors, without regard to any time limitations under such Act.
Deems any payment on a deposit claim made by FDIC as receiver or conservator to a depositor above the standard maximum deposit insurance amount in effect at the time of the FDIC's appointment as receiver or conservator to be part of the net amount due to the depositor under the FDIA.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Investor Deposit Yardstick Act
Latest action (May 28, 2010): Sponsor introductory remarks on measure. (CR E980)
Policy area: Finance and Financial Sector · Origin: House · Introduced: May 27, 2010
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.