A bill to amend the Federal Deposit Insurance Act to regulate certain marketing activities engaged in on the premises of deposit-taking facilities of insured depository institutions.
Depositor Protection and Abuse Prevention Act of 1990 - Amends the Federal Deposit Insurance Act to prohibit an insured depository institution from marketing any interests in its affiliates in any office space which is commonly accessible to the general public for the purpose of accepting deposits.
Grants a Federal banking agency regulatory authority either to prohibit such sales or to impose conditions upon them if the agency determines that any stock or bond of the institution is likely to be confused by the general public with an insured deposit.
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Introduced in Senate
Read twice and referred to the Committee on Banking.
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