H.R.1185: Federal Deposit Insurance Reform Act of 2005

About This Bill

Bill Summary

Federal Deposit Insurance Reform Act of 2005 - Amends the Federal Deposit Insurance Act (FDIA) to merge the Bank Insurance Fund and the Savings Association Insurance Fund into the Deposit Insurance Fund (DIF). (Sec. 3) Amends the FDIA and the Federal Credit Union Act to: (1) increase the standard maximum amount of deposit insurance coverage from $100,000 to $130,000, coupled with a five-year cost-of-living adjustment index; (2) require the...

(Source: Library of Congress)

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.1185.

Bill Actions

Date Description
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Subcommittee Hearings Held.
Subcommittee on Financial Institutions and Consumer Credit Discharged.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Voice Vote.
Reported (Amended) by the Committee on Financial Services. H. Rept. 109-67.
Placed on the Union Calendar, Calendar No. 33.
Rules Committee Resolution H. Res. 255 Reported to House. Rule provides for consideration of H.R. 1185 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendent in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill. Measure will be read by section. Bill is open to amendments.
Rule H. Res. 255 passed House.
Considered under the provisions of rule H. Res. 255.
Rule provides for consideration of H.R. 1185 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendent in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill. Measure will be read by section. Bill is open to amendments.
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 255 and Rule XVIII.
The Speaker designated the Honorable Charles F. Bass to act as Chairman of the Committee.
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1185.
DEBATE - The Committee of the Whole proceeded with debate on the Maloney amendment under the five minute rule.
DEBATE - The Committee of the Whole proceeded with debate on the Rohrabacher amendment under the five minute rule.
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1185.
The previous question was ordered pursuant to the rule.
The House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union.
On passage Passed by the Yeas and Nays: 413 - 10 (Roll no. 157).
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
March 9, 2005

Introduced in the House by Spencer Bachus (R-Ala.)

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