To require the Federal Deposit Insurance Corporation and insured depository institutions to provide clear and concise information to depositors concerning the amount of deposit insurance available on deposits at depository institutions.
Deposit Insurance Information Act - Directs the Federal Deposit Insurance Corporation to: (1) prepare a written summary of the rules and procedures for determining the amount of insurance coverage which is available on the deposit of any depositor at any insured depository institution; and (2) make such summaries available to depository institutions to use as a model form; and (3) require each depository institution to disseminate such summary to depositors according to prescribed guidelines.
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
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