Federal Deposit Insurance Improvement Act of 1991

Summary

Federal Deposit Insurance Improvement Act of 1991 - Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to require the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration Board (NCUAB) to establish: (1) criteria for ascertaining the degree to which an insured depository institution poses a risk to the Bank Insurance Fund, the Savings Association Insurance Fund, or the National Credit Union Share Insurance Fund; and (2) assessment categories for their respective members based upon the types and degree of risk posed by members to the respective insurance fund. Mandates that the appropriate body establish separate rates for each assessment category. Authorizes the FDIC and the NCUAB to allocate aggregate assessment credits among such assessment categories. Directs the FDIC and the NCUAB to: (1) insure those deposits at an insured depository institution for which the depositor has elected insurance coverage and for which insurance premiums have been paid; and (2) establish procedures for the mandatory periodic disclosure by their members to depositors of current assessment rates, and the amount of insurance coverage which depositors may elect. Provides for depositor copayment of one third of the depository institution's cost for insurance coverage elected by the depositor.

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

Timeline

1. 20 March 1991

   Introduced

   Referred to the House Committee on Banking, Finance + Urban Affrs.

   Source: IntroReferral

2. 20 March 1991

   Introduced

   Introduced in House

   Source: IntroReferral

3. 20 March 1991

   Introduced

   Introduced in House

   Source: IntroReferral

4. 1 April 1991

   Referred

   Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 20 March 1991

  Open at official source

Sponsors

• F. SENSENBRENNER · R · Sponsor
• · hsba00 · Standing

Related records

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