S 2058 · 101th Congress · Finance and Financial Sector
Depositor Protection and Abuse Prevention Act of 1990
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Banking.(1990-02-01)
Plain Language Summary
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Depositor Protection and Abuse Prevention Act of 1990 - Amends the Federal Deposit Insurance Act to prohibit an insured depository institution from marketing any interests in its affiliates in any office space which is commonly accessible to the general public for the purpose of accepting deposits. Grants a Federal banking agency regulatory authority either to prohibit such sales or to impose conditions upon them if the agency determines that any stock or bond of the institution is likely to be confused by the general public with an insured deposit.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (13)
7 Democrats6 Republicans