Small Business Stability Act

Summary

Small Business Stability Act This bill allows the Federal Deposit Insurance Corporation (FDIC) to guarantee an insured depository institution's uninsured deposits in noninterest-bearing transaction accounts for a single period not to exceed 60 days without complying with requirements to minimize cost to the Deposit Insurance Fund. This authority requires (1) written recommendations from the FDIC board and the Board of Governors of the Federal Reserve System, and (2) a determination from the Department of the Treasury that this step would avoid or mitigate adverse effects on the stability of the banking system.

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Timeline

1. 11 May 2023

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 11 May 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 11 May 2023

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 11 May 2023 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 11 May 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 11 May 2023

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 11 May 2023

  Open at official source

Sponsors

• Blaine Luetkemeyer · R · Sponsor
• Daniel Meuser · R · Cosponsor
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.