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- H.R.703
H.R.703: To promote bank liquidity and lending through deposit insurance, the HOPE for Homeowners Program, and other enhancements.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about finance and financial sector
- Introduced Jan. 27, 2009
- Latest Major Action Jan. 27, 2009
Bill Sponsor
Bill Summary
Amends the Federal Deposit Insurance Act and the Emergency Economic Stabilization Act of 2008 (EESA) to make permanent the increase in the standard maximum deposit insurance amount from $100,000 to $250,000. Extends from five years to eight years after implementation of a Deposit Insurance Fund (DIF) restoration plan the deadline by which the DIF reserve ratio must meet or exceed the required minimum of 1.15% of estimated insured deposits....
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Financial Services.
|
|
| Jan. 27, 2009 |
Introduced in the House by Barney Frank (D-Mass.) |