H.R.1293 - Deposit Insurance Stabilization Act107th Congress (2001-2002)
|Sponsor:||Rep. Ney, Robert W. [R-OH-18] (Introduced 03/29/2001)|
|Committees:||House - Financial Services|
|Latest Action:||House - 04/10/2001 Referred to the Subcommittee on Financial Institutions and Consumer Credit. (All Actions)|
This bill has the status Introduced
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Summary: H.R.1293 — 107th Congress (2001-2002)All Information (Except Text)
Deposit Insurance Stabilization Act - Amends the Deposit Insurance Funds Act of 1996 to make the effective date for the merger of the Bank Insurance Fund with the Savings Association Insurance Fund 60 days after the date of enactment of this Act.
Introduced in House (03/29/2001)
Amends the Federal Deposit Insurance Act to authorize the Board of Directors of the Federal Deposit Insurance Corporation to impose a fee upon an uninsured depository institution that experiences a net increase in new insured deposits in excess of a percentage the Corporation determines appropriate.
Repeals the minimum assessment requirements for semiannual assessments under the risk-based assessment system for any depository insurance fund.