HR 2903 · 104th Congress · Economics and Public Finance

Balanced Budget Act of 1995 for Economic Growth and Fairness

Introduced 1996-01-26· Sponsored by Rep. Kasich, John R. [R-OH-12]· House

Bill Progress

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Introduced
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Committee
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House Vote
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Senate
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Enacted
Latest: Referred to the Subcommittee on Commerce, Trade, and Hazardous Materials, for a period to be subsequently determined by the Chairman.(1996-02-09)

Plain Language Summary

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Banking, Housing, and Related Provisions Title II: Spectrum Allocation Provisions Title III: Medicaid Title IV: Medicare Title V: Welfare Reform Title VI: Federal Retirement Provisions Title VII: Veterans and Related Provisions Title VIII: Assets Sales, User Fees, and other Mandatory Provisions Title IX: Revenues Title X: Budget Enforcement Balanced Budget Act of 1995 for Economic Growth and Fairness - Title I: Banking, Housing, and Related Provisions - Subtitle A: Financial Institutions - Directs the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) to impose a special assessment on the Savings Association Insurance Fund (SAIF)-assessable deposits of each insured depository institution at a rate applicable to all such institutions that the Board, in its sole discretion, determines will cause the SAIF to achieve the designated reserve ratio on the first business day of January 1996. Allows the Board to exempt weak institutions from such assessment. Mandates exemption from such assessment for certain newly chartered and other specified institutions, but requires such institutions to pay semiannual assessments at certain former rates d…

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