A bill to amend the Federal Deposit Insurance Act to provide deposit insurance in a manner which does not discriminate against small and medium-sized banks by expanding the assessment base and reducing the rate for deposit insurance.
Fair Deposit Insurance Assessment Act - Amends the Federal Deposit Insurance Act to include foreign deposits in the assessment base of an insured bank for purposes of calculating the premium for bank deposit insurance.
Decreases the bank deposit insurance assessment rate from one-twelfth of one percent to one-fourteenth of one percent of a bank's assessment base.
Introduced in Senate
Read twice and referred to the Committee on Banking.
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