S.3637: A bill to temporarily extend the transaction account guarantee program, and for other purposes.

About This Bill

  • This bill was introduced in the 112th Congress
  • This bill is primarily about finance and financial sector
  • Introduced Nov. 26, 2012
  • Latest Major Action Dec. 13, 2012

Bill Sponsor

Bill Summary

Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to extend through December 31, 2014, the transaction account guarantee program (TAG) established by the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide unlimited deposit insurance for noninterest-bearing transaction accounts (NIBTAs). Cites January 1, 2015, as the effective date upon which the net amount of insured deposit due to a depositor at an...

(Source: Library of Congress)

Bill Actions

Date Description
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 554.
Motion to proceed to consideration of measure made in Senate.
Cloture motion to the motion to proceed to the bill presented in Senate.
Motion to proceed to measure considered in Senate.
Cloture on the motion to proceed to the bill invoked in Senate by Yea-Nay Vote. 76 - 20. Record Vote Number: 225.
Motion to proceed to consideration of measure agreed to in Senate by Unanimous Consent.
Measure laid before Senate by motion.
Motion by Senator Reid to commit to Senate Committee on Banking, Housing, and Urban Affairs with instructions to report back forthwith with amendment SA 3316 made in Senate.
Cloture motion on the bill presented in Senate.
Considered by Senate.
Point of order that the measure violates section 302(f) of the CBA raised in Senate.
Motion to waive all applicable budgetary discipline with respect to the measure made in Senate.
Motion to waive all applicable budgetary discipline with respect to the measure rejected in Senate by Yea-Nay Vote. 50 - 42. Record Vote Number: 227.
The point of order was sustained.
Cloture motion on the bill withdrawn by unanimous consent in Senate.
Committed to Senate Committee on Banking, Housing, and Urban Affairs pursuant to Sec. 312(f) of the Congressional Budget Act.
Motion by Senator Reid to commit to Senate Committee on Banking, Housing, and Urban Affairs with instructions to report back forthwith with amendment SA 3316 fell when the bill was committed in Senate.
Nov. 26, 2012

Introduced in the Senate by Harry Reid (D-Nev.)

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