[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4781 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 4781

To amend the Federal Deposit Insurance Act to make certain functions of 
  the Federal Deposit Insurance Corporation subject to appropriations.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 17, 2016

Mr. Duffy (for himself, Mr. Luetkemeyer, and Mr. Ratcliffe) introduced 
 the following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
To amend the Federal Deposit Insurance Act to make certain functions of 
  the Federal Deposit Insurance Corporation subject to appropriations.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``FDIC Accountability Act of 2016''.

SEC. 2. REQUIREMENT OF APPROPRIATIONS FOR CERTAIN FDIC FUNCTIONS.

    (a) In General.--Section 10 of the Federal Deposit Insurance Act 
(12 U.S.C. 1820) is amended--
            (1) in subsection (a)--
                    (A) by striking ``(a) The'' and inserting the 
                following:
    ``(a) Powers.--
            ``(1) In general.--The'';
                    (B) by inserting ``, subject to paragraph (2) and 
                subsection (l),'' after ``The Board of Directors of the 
                Corporation''; and
                    (C) by adding at the end the following new 
                paragraph:
            ``(2) Appropriations requirement.--The Corporation may only 
        incur obligation or allow and pay expenses pursuant to an 
        appropriations Act, other than with respect to obligations or 
        expenses paid for with funds from the Deposit Insurance Fund or 
        incurred, allowed, or paid for the purpose of carrying out the 
        insurance function of the Corporation.''; and
            (2) by adding at the end the following new subsection:
    ``(l) Non-Insurance Fees as Offsetting Collections.--Any fees 
collected by the Corporation, except pursuant to section 5(d), shall be 
deposited and credited as offsetting collections to the account 
providing appropriations to the Corporation.''.
    (b) Effective Date.--The amendments made by this section shall 
apply with respect to expenses paid and fees collected on or after the 
date that is 90 days after the date of the enactment of the first 
appropriation Act that provides for appropriations to the Federal 
Deposit Insurance Corporation and that is enacted after the date of the 
enactment of this Act.
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