HR 557 · 107th Congress · Finance and Financial Sector

Deposit Insurance Fairness and Economic Opportunity Act

Introduced 2001-02-12· Sponsored by Rep. Lucas, Frank D. [R-OK-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(2001-03-02)

Plain Language Summary

[AI summary unavailable — showing source text] Deposit Insurance Fairness and Economic Opportunity Act - Amends the Federal Deposit Insurance Act to set forth a schedule under which the Board of Directors of the Federal Deposit Insurance Corporation shall transfer annually to the Financing Corporation (FICO), for payment of FICO interest obligations, such amounts as exceed 1.40 percent of the total estimated deposits insured by the Bank Insurance Fund and the Savings Association Insurance Fund, respectively, when amounts in both Funds exceed that percentage.…

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

Cosponsors (20)

8 Democrats12 Republicans
Rep. Watt, Melvin L. [D-NC-12]NC
Rep. Jones, Walter B., Jr. [R-NC-3]NC
Rep. McIntyre, Mike [D-NC-7]NC
Rep. Clement, Bob [D-TN-5]TN
Rep. Coble, Howard [R-NC-6]NC
Rep. Gordon, Bart [D-TN-6]TN
Rep. Roukema, Marge [R-NJ-5]NJ
Rep. Pickering, Charles W. "Chip" [R-MS-3]MS
Rep. Istook, Ernest J., Jr. [R-OK-5]OK
Rep. Wolf, Frank R. [R-VA-10]VA
Rep. McKinney, Cynthia A. [D-GA-4]GA
Rep. Taylor, Charles H. [R-NC-11]NC
Rep. Jones, Stephanie Tubbs [D-OH-11]OH
Rep. Clayton, Eva M. [D-NC-1]NC
Rep. Moore, Dennis [D-KS-3]KS
Rep. Burr, Richard [R-NC-5]NC
Rep. Hayes, Robin [R-NC-8]NC
Rep. Myrick, Sue Wilkins [R-NC-9]NC
Rep. Ballenger, Cass [R-NC-10]NC
Rep. English, Phil [R-PA-21]PA