S 2270 · 105th Congress · Finance and Financial Sector

Bank Insurance Fund Rebate Act of 1998

Introduced 1998-07-07· Sponsored by Sen. Faircloth, Lauch [R-NC]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking.(1998-07-07)

Plain Language Summary

[AI summary unavailable — showing source text] Bank Insurance Fund Rebate Act of 1998 - Amends the Federal Deposit Insurance Act governing refunds of assessments imposed upon insured depository institutions to provide that a refund for any semiannual assessment period may exceed that of the previous period if the amount of actual deposit insurance fund reserves exceeds a ratio of 1.5 percent.…

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