S 1223 · 102th Congress · Finance and Financial Sector
Depositor Protection and Anti-Fraud Act of 1991
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Banking.(1991-06-05)
Plain Language Summary
[AI summary unavailable — showing source text]
Depositor Protection and Anti-Fraud Act of 1991 - Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to prohibit an insured depository institution from marketing stocks or bonds issued by itself or its affiliates at any of its domestic branches at which it accepts insured deposits (including its head office if it accepts insured deposits and is located in the United States). Delineates regulatory exemptions. Mandates that each appropriate Federal banking and credit union agency report annually to specified congressional committees concerning any differences between its regulations and those adopted by other agencies. Requires such agencies to promulgate final regulations implementing this Act by a specified deadline.…
Summarized by Claude AI · Non-partisan · For informational purposes only