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- S.541
S.541: Depositor Protection Act of 2009
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about finance and financial sector
- Introduced March 5, 2009
- Latest Major Action March 5, 2009
Bill Sponsor
Bill Cosponsors
14 (7 Democrats, 1 Independent Democrat, 7 Republicans)
Bill Summary
The Depositor Protection Act of 2009 - Amends the Federal Deposit Insurance Act to increase from $30 billion to $100 billion the maximum sum that the Federal Deposit Insurance Corporation (FDIC) is authorized to borrow from the Secretary of the Treasury. Authorizes a temporary increase, through calendar 2010, in such borrowing authority, up to a maximum of $500 billion, if the Secretary of the Treasury, in consultation with the President,...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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March 5, 2009 |
Introduced in the Senate by Christopher J. Dodd (D-Conn.) |