HR 6398 · 111th Congress · Finance and Financial Sector
To require the Federal Deposit Insurance Corporation to fully insure Interest on Lawyers Trust Accounts.
Bill Progress
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EnactedLatest: Became Public Law No: 111-343.(2010-12-29)
Plain Language Summary
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Amends the Federal Deposit Insurance Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, to treat as a noninterest-bearing transaction account fully insurable by the Federal Deposit Insurance Corporation (FDIC) any Interest on Lawyers Trust Account (or functionally equivalent account) established by an attorney or law firm on behalf of a client.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 6398, A bill to require the Federal Deposit Insurance Corporation to fully insure Interest on Lawyers Trust Accounts
Nov 30, 2010<p>Pay-as-you-go estimate for the bill, as amended on November 30, 2010</p>
Full CBO report ↗H.R. 6398, A bill to require the Federal Deposit Insurance Corporation to fully insure Interest on Lawyers Trust Accounts
Nov 30, 2010Pay-as-you-go estimate for the bill, as amended on November 30, 2010
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office