HR 1355 · 107th Congress · Finance and Financial Sector

Deposit Insurance Funds Merger Act of 2001

Introduced 2001-04-03· Sponsored by Rep. LaFalce, John J. [D-NY-29]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(2001-04-24)

Plain Language Summary

[AI summary unavailable — showing source text] Deposit Insurance Funds Merger Act of 2001 - Amends the Deposit Insurance Funds Act of 1996 to: (1) declare January 1, 2002, the effective date for the merger of the Bank Insurance Fund with the Savings Association Insurance Fund; and (2) repeal the prerequisite for such merger that no insured depository institution be a savings association upon the merger date (Frist Amendment).…

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

Cosponsors (1)

1 Democrat
Rep. Waters, Maxine [D-CA-35]CA