HR 3570 · 103th Congress · Finance and Financial Sector

Deposit Insurance Reform, Regulatory Modernization, and Taxpayer Protection Act of 1993

Introduced 1993-11-19· Sponsored by Rep. Petri, Thomas E. [R-WI-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Economic and Commercial Law.(1993-12-16)

Plain Language Summary

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: 100 Percent Cross-Guarantees Subtitle A: Definitions Subtitle B: Cross-Guarantee Process Subtitle C: Powers and Duties of the CGRC Subtitle D: Miscellaneous Provisions Subtitle E: Transition to 100 Percent Cross-Guarantee Process Title II: Amendments to Other Banking Laws Title III: Amendments to Title 11, United States Code Subtitle A: Amendments to chapter 1 of Title 11 Subtitle B: Amendments to chapter 3 of Title 11 Subtitle C: Amendments to chapter 5 of Title 11 Subtitle D: Amendments to chapter 11 of Title 11 Title IV: Amendment to Title 28, United States Code Deposit Insurance Reform, Regulatory Modernization, and Taxpayer Protection Act of 1993 - Title I: 100 Percent Cross-Guarantees - Subtitle A: Definitions - Sets forth definitions relating to depository institutions, non-depository guarantors, affiliates, financial terms, and funds. Subtitle B: Cross-Guarantee Process - Sets forth a cross-guarantee mechanism whose purpose is to: (1) protect the full amount of deposits by prohibiting depository institutions from operating without a cross-guarantee contract issued by syndicates of guarantors; (2) charge risk-sensitive premiums for the guarantees …

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (5)

5 Republicans