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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