H.R.3302: Bank Fee Reduction Incentive Act of 1996

About This Bill

  • This bill was introduced in the 104th Congress
  • This bill is primarily about finance and financial sector
  • Introduced April 23, 1996
  • Latest Major Action May 3, 1996

Bill Summary

Bank Fee Reduction Incentive Act of 1996 - Amends the Federal Deposit Insurance Act to increase deposit insurance from $100,000 to $105,000 for an insured depository institution which reduces its net fee income for consumer accounts and transactions by 50 percent or more over any two consecutive semiannual periods.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Banking and Financial Services. Government Reform and Oversight, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
April 23, 1996

Introduced in the House by Maxine Waters (D-Calif.)

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