S.913: Deposit Insurance Fairness and Economic Opportunity Act

About This Bill

  • This bill was introduced in the 108th Congress
  • This bill is primarily about government operations and politics
  • Introduced April 11, 2003
  • Latest Major Action April 11, 2003

Bill Cosponsor

Bill Summary

Deposit Insurance Fairness and Economic Opportunity Act - Amends the Federal Deposit Insurance Act to direct the Board of Directors of the Federal Deposit Insurance Corporation to distribute in the form of a dividend any excess amounts remaining from semiannual assessments imposed upon insured depository institutions (excess deposit insurance funds). Defines excess amounts as the amount of funds exceeding 1.40 percent of the total estimated...

(Source: Library of Congress)

Bill Actions

Date Description
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
April 11, 2003

Introduced in the Senate by Richard J. Santorum (R-Pa.)

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