H.R.557 - Deposit Insurance Fairness and Economic Opportunity Act107th Congress (2001-2002)
||Rep. Lucas, Frank D. [R-OK-6] (Introduced 02/12/2001)
||House - Financial Services
||03/02/2001 Referred to the Subcommittee on Financial Institutions and Consumer Credit. (All Actions)
This bill has the status Introduced
Here are the steps for Status of Legislation:
Introduced in House (02/12/2001)
Deposit Insurance Fairness and Economic Opportunity Act - Amends the Federal Deposit Insurance Act to set forth a schedule under which the Board of Directors of the Federal Deposit Insurance Corporation shall transfer annually to the Financing Corporation (FICO), for payment of FICO interest obligations, such amounts as exceed 1.40 percent of the total estimated deposits insured by the Bank Insurance Fund and the Savings Association Insurance Fund, respectively, when amounts in both Funds exceed that percentage.