HR 8586 · 95th Congress · Finance and Financial Sector

A bill to increase deposit insurance from $40,000 to $100,000 for accounts which qualify as individual retirement accounts established under qualified (Keogh) plans for the self-employed.

Introduced 1977-07-27· Sponsored by Rep. Carr, Bob [D-MI-6]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1977-07-27)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Federal Deposit Insurance Act, the National Housing Act, and the Federal Credit Union Act to increase deposit insurance from $40,000 to $100,000 for accounts which qualify as individual retirement accounts and accounts established under qualified plans for the self- employed.…

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

Cosponsors (1)

1 Democrat
Rep. Blanchard, James [D-MI-18]