H.R.4239: Financial Contract Netting Improvement Act of 1998

About This Bill

Bill Summary

Financial Contract Netting Improvement Act of 1998 - Amends the Federal Deposit Insurance Act (FDIA) to redefine specified contracts, agreements, and transfers entered into with an insolvent insured depository institution before the appointment of a conservator or receiver for it. (Sec. 2) Excludes from the meaning of securities contract (which may be terminated or repudiated by a conservator or receiver) any agreement (with specified...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the Committee on Banking and Financial Services, and in addition to the Committees on the Judiciary, and Commerce, 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 House Banking and Financial Services
Referred to House Judiciary
Referred to House Commerce
Referred to the Subcommittee on Commercial and Administrative Law.
Referred to the Subcommittee on Finance and Hazardous Materials, for a period to be subsequently determined by the Chairman.
July 16, 1998

Introduced in the House by James A. Leach (R-Iowa)

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