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- H.R.6398
H.R.6398: To require the Federal Deposit Insurance Corporation to fully insure Interest on Lawyers Trust Accounts.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about finance and financial sector
- Introduced Nov. 15, 2010
- Latest Major Action Dec. 29, 2010
Bill Sponsor
Bill Summary
Amends the Federal Deposit Insurance Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, to treat as a noninterest-bearing transaction account fully insurable by the Federal Deposit Insurance Corporation (FDIC) any Interest on Lawyers Trust Account (or functionally equivalent account) established by an attorney or law firm on behalf of a client.
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Congressional Budget Office Estimate
Bill Actions
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Referred to the House Committee on Financial Services.
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Mr. Doggett moved to suspend the rules and pass the bill, as amended.
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Considered under suspension of the rules.
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DEBATE - The House proceeded with forty minutes of debate on H.R. 6398.
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On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
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Motion to reconsider laid on the table Agreed to without objection.
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Received in the Senate, read twice.
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Passed Senate without amendment by Unanimous Consent.
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Message on Senate action sent to the House.
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Cleared for White House.
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Presented to President.
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Signed by President.
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Became Public Law No: 111-343.
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| Nov. 15, 2010 |
Introduced in the House by Lloyd Doggett (D-Texas) |