A bill to amend the Federal Deposit Insurance Act to provide shareholders of certain depository institutions a cause of action for assets seized by an appropriate Federal banking agency.
Independent and Community Bank Shareholders Protection Act
This bill provides that shareholders of certain small financial institutions that are under conservatorship or receivership may file claims with the Federal Deposit Insurance Corporation for just compensation.
Referred to the House Committee on Financial Services.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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