HR 687 · 106th Congress · Finance and Financial Sector

Deposit Insurance Funds Amendments Act of 1999

Introduced 1999-02-10· Sponsored by Rep. Roukema, Marge [R-NJ-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(1999-02-25)

Plain Language Summary

[AI summary unavailable — showing source text] Deposit Insurance Funds Amendments Act of 1999 - Amends the Federal Deposit Insurance Act and the Deposit Insurance Funds Act of 1996 to eliminate the Special Reserve of the Savings Association Insurance Fund and the Deposit Insurance Fund, respectively (established to provide emergency funds if the reserve ratio of either fund remains below 50 percent of its designated ratio for one year).…

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

Cosponsors (1)

1 Democrat
Rep. Vento, Bruce F. [D-MN-4]MN