HR 1293 · 107th Congress · Finance and Financial Sector

Deposit Insurance Stabilization Act

Introduced 2001-03-29· Sponsored by Rep. Ney, Robert W. [R-OH-18]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(2001-04-10)

Plain Language Summary

[AI summary unavailable — showing source text] Deposit Insurance Stabilization Act - Amends the Deposit Insurance Funds Act of 1996 to make the effective date for the merger of the Bank Insurance Fund with the Savings Association Insurance Fund 60 days after the date of enactment of this Act. Amends the Federal Deposit Insurance Act to authorize the Board of Directors of the Federal Deposit Insurance Corporation to impose a fee upon an uninsured depository institution that experiences a net increase in new insured deposits in excess of a percentage the Corporation determines appropriate. Repeals the minimum assessment requirements for semiannual assessments under the risk-based assessment system for any depository insurance fund.…

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

Cosponsors (20)

14 Democrats6 Republicans
Rep. Jones, Stephanie Tubbs [D-OH-11]OH
Rep. Gillmor, Paul E. [R-OH-5]OH
Rep. LaTourette, Steven C. [R-OH-19]OH
Rep. Jones, Walter B., Jr. [R-NC-3]NC
Rep. Buyer, Steve [R-IN-5]IN
Rep. Kelly, Sue W. [R-NY-19]NY
Rep. Foley, Mark [R-FL-16]FL
Rep. Baldacci, John Elias [D-ME-2]ME
Del. Christensen, Donna M. [D-VI-At Large]VI
Rep. Jefferson, William J. [D-LA-2]LA
Rep. Johnson, Eddie Bernice [D-TX-30]TX
Rep. Kilpatrick, Carolyn C. [D-MI-15]MI
Rep. Payne, Donald M. [D-NJ-10]NJ
Rep. McKinney, Cynthia A. [D-GA-4]GA
Rep. Conyers, John, Jr. [D-MI-14]MI
Rep. Jackson-Lee, Sheila [D-TX-18]TX
Rep. Clayton, Eva M. [D-NC-1]NC
Rep. Owens, Major R. [D-NY-11]NY
Rep. Visclosky, Peter J. [D-IN-1]IN
Rep. Hilliard, Earl F. [D-AL-7]AL