To establish a market based pricing mechanism for deposit insurance and offer depositors the option of purchase amounts in excess of $100,000, and for other purposes.
Deposit Insurance Improvement and Taxpayer Protection Act of 1991 - Amends the Federal Deposit Insurance Act to authorize insured depository institutions to offer depositors the option to purchase deposit insurance for amounts in excess of $100,000.
Directs the Federal Deposit Insurance Corporation to solicit competitive bids from private insurance companies for such coverage.
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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