A bill to increase from $100,000 to $500,000 the amount of deposit insurance on public funds deposited in accounts established by an officer, employee, or agent of the United States, any State, or other unit of government.
Government Deposits Insurance Act of 1987 - Increases from $100,000 to $500,000 the amount of deposit insurance for accounts established by Federal, State, or local governments in institutions insured by the Federal Deposit Insurance Corporation, the Federal Savings and Loan Insurance Corporation, and the National Credit Union Administration.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
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