H.R. 557 — Deposit Insurance Fairness and Economic Opportunity Act

Summary

Deposit Insurance Fairness and Economic Opportunity Act - Amends the Federal Deposit Insurance Act to set forth a schedule under which the Board of Directors of the Federal Deposit Insurance Corporation shall transfer annually to the Financing Corporation (FICO), for payment of FICO interest obligations, such amounts as exceed 1.40 percent of the total estimated deposits insured by the Bank Insurance Fund and the Savings Association Insurance Fund, respectively, when amounts in both Funds exceed that percentage.

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Legislative Actions

2001-02-12
Introduced in House
2001-02-12
Introduced in House
2001-02-12
Referred to the House Committee on Financial Services.
2001-03-02
Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Deposit Insurance Fairness and Economic Opportunity Act

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Summary

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Legislative Actions

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