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- H.R.7235
H.R.7235: To amend the Federal Deposit Insurance Act the amount of deposits insured under that Act.
About This Bill
- Introduced Sept. 29, 2008
- Latest Major Action Sept. 29, 2008
Bill Sponsor
Bill Cosponsors
11 (2 Democrats, 10 Republicans)
Bill Summary
Amends the Federal Deposit Insurance Act to: (1) increase from $100,000 to $300,000 the maximum amount of deposit insurance for accounts insured by the Federal Deposit Insurance Corporation (FDIC); and (2) require the FDIC to adjust premiums for deposit insurance based on solvency of the Deposit Insurance Fund (DIF) to ensure that the Fund is funded by premiums from insured depository institutions, and not by taxpayer revenues. Repeals the cap...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Financial Services.
|
|
| Sept. 29, 2008 |
Introduced in the House by Christopher H. Shays (R-Conn.) |