Summary: H.R.5610 — 101st Congress (1989-1990)All Information (Except Text)

There is one summary for H.R.5610. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (09/13/1990)

Deposit Insurance Funds Protection Act of 1990 - Amends the Federal Deposit Insurance Act to repeal the specified maximum assessment rates for Bank Insurance Fund members and Savings Association Insurance Fund members.

Directs the Federal Deposit Insurance Corporation to: (1) set assessment rates for insured depository institutions at such times as it determines, in its sole discretion, to be appropriate; and (2) provide public notice of assessment rate changes within a 60 day time-frame.