HR 1770 · 96th 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 and accounts established under qualified (Keogh) plans for the self-employed.

Introduced 1979-02-01· Sponsored by Rep. Carr, Bob [D-MI-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1979-02-01)

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 Federal deposit insurance from $40,000 to $100,000 on any account which qualifies under the Internal Revenue Code of 1954 as an individual retirement account (IRA) or an account established under a qualified plan for the self-employed (Keogh).…

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