HR 3374 · 106th Congress · Finance and Financial Sector

Federal Deposit Insurance Corporation Examination Enhancement and Insurance Fund Protection Act

Introduced 1999-11-16· Sponsored by Rep. Leach, James A. [R-IA-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(1999-12-02)

Plain Language Summary

[AI summary unavailable — showing source text] Federal Deposit Insurance Corporation Examination Enhancement and Insurance Fund Protection Act - Amends the Federal Deposit Insurance Act regarding special examinations of an insured depository institution to require that all reasonable efforts be made to: (1) coordinate FDIC special examinations with other Federal or State regulatory entities; and (2) minimize the disruptive effects of such examinations upon institution operations. Mandates that the Federal banking agencies: (1) grant access to the FDIC in as prompt a manner as practicable with respect to reports of examination and reports of conditions; and (2) establish procedures for providing the FDIC with access to additional information as needed for insurance purposes.…

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

Cosponsors (2)

2 Republicans