S. 377 — A bill to eliminate the special reserve funds created for the Savings Association Insurance Fund and the Deposit Insurance Fund, and for other purposes.

Summary

Amends the Federal Deposit Insurance Act and the Deposit Insurance Funds Act of 1996 to eliminate the Special Reserve of the Savings Association Insurance Fund and the Deposit Insurance Fund, respectively (established to provide emergency funds if the reserve ratio of either fund remains below 50 percent of its designated ratio for one year).

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Legislative Actions

1999-02-04
Introduced in Senate
1999-02-04
Sponsor introductory remarks on measure. (CR S1276-1277)
1999-02-04
Read twice and referred to the Committee on Banking.
1999-05-04
Sponsor introductory remarks on measure. (CR S4628)

A bill to eliminate the special reserve funds created for the Savings Association Insurance Fund and the Deposit Insurance Fund, and for other purposes.

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Summary

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Legislative Actions

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