HR 4053 · 98th Congress · Finance and Financial Sector

A bill to require the deposits of all commercial banks to be insured by the Federal Deposit Insurance Corporation.

Introduced 1983-09-30· Sponsored by Rep. Leach, James A. [R-IA-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.(1983-10-16)

Plain Language Summary

[AI summary unavailable — showing source text] Requires each commercial bank to insure its deposits with the Federal Deposit Insurance Corporation. Grants any commercial bank which fails to qualify for such insurance six months in which to modify its operations in order to qualify.…

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