Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 1185 (109th)

Federal Deposit Insurance Reform Act of 2005

referredUnited States· United States Congress· EN

Introduced

9 March 2005

Last action

9 May 2005 · Introduced

Status

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Rep. Bachus, Spencer [R-AL-6], Rep. Hooley, Darlene [D-OR-5], Rep. Oxley, Michael G. [R-OH-4], Rep. Frank, Barney [D-MA-4], Rep. Gillmor, Paul E. [R-OH-5], Rep. Kanjorski, Paul E. [D-PA-11], Rep. Pryce, Deborah [R-OH-15], Rep. Leach, James A. [R-IA-2], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Jones, Walter B., Jr. [R-NC-3], Rep. Moore, Dennis [D-KS-3], Rep. Ryun, Jim [R-KS-2], Rep. Israel, Steve [D-NY-3], Rep. Ney, Robert W. [R-OH-18], Rep. Tiberi, Patrick J. [R-OH-12], Rep. Biggert, Judy [R-IL-13], Rep. Gutierrez, Luis V. [D-IL-4], Rep. Davis, Artur [D-AL-7], Rep. Hinojosa, Ruben [D-TX-15], Rep. King, Peter T. [R-NY-2], Rep. McCarthy, Carolyn [D-NY-4], Rep. LaTourette, Steven C. [R-OH-14], Rep. Manzullo, Donald A. [R-IL-16], Rep. Neugebauer, Randy [R-TX-19], Rep. Ford, Harold E., Jr. [D-TN-9], Rep. Towns, Edolphus [D-NY-10], Rep. Renzi, Rick [R-AZ-1], Rep. Clay, Wm. Lacy [D-MO-1], Rep. Miller, Gary G. [R-CA-42], Rep. McHenry, Patrick T. [R-NC-10], Rep. Bartlett, Roscoe G. [R-MD-6], Rep. Aderholt, Robert B. [R-AL-4], Rep. Brown-Waite, Ginny [R-FL-5], Rep. Lucas, Frank D. [R-OK-3], Rep. Crowley, Joseph [D-NY-14], Rep. Meeks, Gregory W. [D-NY-5], Rep. Velázquez, Nydia M. [D-NY-7], Rep. Price, Tom [R-GA-6], Rep. Musgrave, Marilyn N. [R-CO-4], Rep. Chabot, Steve [R-OH-1], Rep. Beauprez, Bob [R-CO-7]

Subjects

Discovery layer

Source updated

7 April 2025

Official sourceDownload fileView documentsShare

Summary

Federal Deposit Insurance Reform Act of 2005 - Requires the merger of the Bank Insurance Fund and the Savings Association Insurance Fund into the Deposit Insurance Fund. Amends the Federal Deposit Insurance Act (FDIA) and the Federal Credit Union Act to: (1) increase the amount of deposit insurance coverage; (2) couple such increase with an inflation adjustment; (3) double the amount of deposit insurance for certain retirement accounts; and (4) increase the maxzimum amount of deposit insurance coverage for in-State municipal deposits. Amends the FDIA to replace assessment guidelines for achieving and maintaining a designated reserve ratio and for independent treatment of deposit insurance funds with a requirement that the Board of Directors of the FDIC set assessments as it determines appropriate, including a maximum base rate for assessments at one basis point for insured depository institutions in the lowest-risk category. Reduces from five years to three years the mandatory assessment recordkeeping period. Replaces the current 1.25 percent statutory reserve ratio used to recapitalize undercapitalized insurance funds with a reserve ratio range of 1.15 to 1.4 percent of estimated insured deposits, subject to specified factors and annual redetermination. Instructs the FDIC to establish a Deposit Insurance Fund Restoration Plan to ensure adequate reserves whenever the actual ratio in the DIF falls below the designated reserve ratio. Directs the FDIC to conduct a bi-annual survey on efforts by insured depository institutions to bring into the conventional finance system those "unbanked" individuals and families who have rarely, if ever, held a checking account, a savings account, or other type of transaction or check cashing account at an insured depository institution.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 9 March 2005

    Referred

    Referred to the Subcommittee on Financial Institutions and Consumer Credit.

    Source: Committee

  2. 9 March 2005

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  3. 9 March 2005

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 9 March 2005

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 17 March 2005

    Committee

    Subcommittee Hearings Held.

    Source: Committee

  6. 27 April 2005

    Reported

    Ordered to be Reported (Amended) by Voice Vote.

    Source: Committee

  7. 27 April 2005

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  8. 27 April 2005

    Committee

    Subcommittee on Financial Institutions and Consumer Credit Discharged.

    Source: Committee

  9. 29 April 2005

    Calendars

    Placed on the Union Calendar, Calendar No. 33.

    Source: Calendars

  10. 29 April 2005

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 109-67.

    Source: Committee

  11. 29 April 2005

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 109-67.

    Source: Committee

  12. 3 May 2005

    Reported

    Rules Committee Resolution H. Res. 255 Reported to House. Rule provides for consideration of H.R. 1185 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendent in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill. Measure will be read by section. Bill is open to amendments.

    Source: Floor

  13. 4 May 2005

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  14. 4 May 2005

    Vote

    On passage Passed by the Yeas and Nays: 413 - 10 (Roll no. 157). (text: CR H2924-2931)

    Source: Floor

  15. 4 May 2005

    Vote

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 413 - 10 (Roll no. 157).(text: CR H2924-2931)

    Source: Floor

  16. 4 May 2005

    Passed

    The House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union.

    Source: Floor

  17. 4 May 2005

    Floor

    The previous question was ordered pursuant to the rule. (consideration: CR H2935)

    Source: Floor

  18. 4 May 2005

    Floor

    The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1185.

    Source: Floor

  19. 4 May 2005

    Floor

    The Speaker designated the Honorable Charles F. Bass to act as Chairman of the Committee.

    Source: Floor

  20. 4 May 2005

    Floor

    House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 255 and Rule XVIII.

    Source: Floor

  21. 4 May 2005

    Floor

    Rule provides for consideration of H.R. 1185 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendent in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill. Measure will be read by section. Bill is open to amendments.

    Source: Floor

  22. 4 May 2005

    Floor

    Considered under the provisions of rule H. Res. 255. (consideration: CR H2919-2936, H2937)

    Source: Floor

  23. 4 May 2005

    Passed

    Rule H. Res. 255 passed House.

    Source: Floor

  24. 9 May 2005

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

11 official files

Referred in Senate (text)

View fileDownload file

This file cannot be previewed here. Use View or Download.

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Referred in Senate (text)

    Referred in Senate · EN · 9 May 2005

    ViewDownloadOpen at official source

  • Referred in Senate (PDF)

    Referred in Senate · EN · 9 May 2005

    ViewDownloadOpen at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Engrossed in House (text)

    Engrossed in House · EN · 4 May 2005

    ViewDownloadOpen at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Engrossed in House (PDF)

    Engrossed in House · EN · 4 May 2005

    ViewDownloadOpen at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Passed House amended

    summary · EN · 4 May 2005

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Reported in House (text)

    Reported in House · EN · 29 April 2005

    ViewDownloadOpen at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Reported in House (PDF)

    Reported in House · EN · 29 April 2005

    ViewDownloadOpen at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Reported to House with amendment(s)

    summary · EN · 29 April 2005

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in House (text)

    Introduced in House · EN · 9 March 2005

    ViewDownloadOpen at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in House (PDF)

    Introduced in House · EN · 9 March 2005

    ViewDownloadOpen at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in House

    summary · EN · 9 March 2005

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.