A bill to amend the Federal Deposit Insurance Act with respect to raising the level of the Deposit Insurance Fund reserve ratio and with respect to refunds of excess assessments, and for other purposes.
Bank Insurance Fund Rebate Act of 1998 - Amends the Federal Deposit Insurance Act governing refunds of assessments imposed upon insured depository institutions to provide that a refund for any semiannual assessment period may exceed that of the previous period if the amount of actual deposit insurance fund reserves exceeds a ratio of 1.5 percent.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S7579-7580)
Read twice and referred to the Committee on Banking.
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