S 2058 · 101th Congress · Finance and Financial Sector

Depositor Protection and Abuse Prevention Act of 1990

Introduced 1990-02-01· Sponsored by Sen. Bryan, Richard H. [D-NV]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
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House
5
Enacted
Latest: Read twice and referred to the Committee on Banking.(1990-02-01)

Plain Language Summary

[AI summary unavailable — showing source text] 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