To prohibit the Federal Deposit Insurance Corporation, the Federal Reserve, and other government agencies from providing any form of direct or indirect assistance to cover foreign deposits.
Prohibition of Payments on Foreign Deposits Act of 1991 - Amends the Federal Deposit Insurance Act to prohibit any Federal entity (or a federally controlled entity) from providing any assistance which would in fact, or in effect, provide deposit insurance payments for foreign deposits.
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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