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United States · Bill · HR

H.R. 2547 (110th)

FDIC Enforcement Enhancement Act

referredUnited States· United States Congress· EN

Introduced

24 May 2007

Last action

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Status

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

Sponsors

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Subjects

Discovery layer

Source updated

7 April 2025

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Summary

FDIC Enforcement Enhancement Act - Amends the Federal Deposit Insurance Act to prohibit use of the terms "Federal Deposit," "Federal Deposit Insurance," "Federal Deposit Insurance Corporation," any combination of such terms, or the abbreviation "FDIC," as part of the business name or firm name of any person or business entity. Prohibits use of such terms, or any other sign or symbol as part of a document, to represent, suggest, or imply that any deposit liability, obligation, certificate, or share is insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) if in fact the instrument is not insured or guaranteed by the FDIC. Prohibits misrepresentations of: (1) the federally insured status of any deposit liability, obligation, certificate, or share; or (2) the extent or the manner in which such instruments are insured by the FDIC. Grants the FDIC: (1) jurisdiction over violations of this Act; and (2) certain enforcement authority. Subjects violations of this Act to civil money penalties.

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Documents

10 official files

Referred in Senate (text)

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