Summary: H.R.2909 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for H.R.2909. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (07/16/1991)

Directs the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation to establish minimum requirements for accounts providing basic consumer depository services in order for such accounts to qualify as lifeline accounts.

Provides assessment credits for qualifying depository institution activities in distressed communities.

Establishes the Community Enterprise Assessment Credit Board.

Authorizes a depository institution located in a distressed community to sell insurance under specified conditions.