To amend the Federal Deposit Insurance Act to provide additional deposit insurance coverage for accounts at depository institutions which reduce net fee income in any year by 50 percent or more, and for other purposes.
Bank Fee Reduction Incentive Act of 1996 - Amends the Federal Deposit Insurance Act to increase deposit insurance from $100,000 to $105,000 for an insured depository institution which reduces its net fee income for consumer accounts and transactions by 50 percent or more over any two consecutive semiannual periods.
Introduced in House
Introduced in House
Referred to the House Committee on Banking and Financial Services. Government Reform and Oversight, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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