United States · Bill · HR
H.R. 3717 (107th)
Federal Deposit Insurance Reform Act of 2002
Introduced
12 February 2002
Last action
23 May 2002 · 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. Oxley, Michael G. [R-OH-4], Rep. Gillmor, Paul E. [R-OH-5], Rep. Leach, James A. [R-IA-2], Rep. Roukema, Marge [R-NJ-5], Rep. Royce, Edward R. [R-CA-39], Rep. Ney, Robert W. [R-OH-18], Rep. King, Peter T. [R-NY-2], Rep. Weldon, Dave [R-FL-15], Rep. Riley, Bob [R-AL-3], Rep. Jones, Walter B., Jr. [R-NC-3], Rep. Manzullo, Donald A. [R-IL-16], Rep. Tiberi, Patrick J. [R-OH-12], Rep. Biggert, Judy [R-IL-13], Sen. Thune, John [R-SD], Rep. Hart, Melissa A. [R-PA-4], Rep. LaTourette, Steven C. [R-OH-14], Rep. Kelly, Sue W. [R-NY-19], Rep. Shows, Ronnie [D-MS-4], Rep. Lucas, Ken [D-KY-4], Sen. Moran, Jerry [R-KS], Rep. Upton, Fred [R-MI-6], Rep. Pickering, Charles W. "Chip" [R-MS-3], Rep. Green, Mark [R-WI-8], Rep. Ryun, Jim [R-KS-2], Rep. LaHood, Ray [R-IL-18], Rep. Stenholm, Charles W. [D-TX-17], Sen. Capito, Shelley Moore [R-WV], Rep. Gordon, Bart [D-TN-6], Rep. Simmons, Rob [R-CT-2], Rep. Shimkus, John [R-IL-15], Rep. Holden, Tim [D-PA-17], Rep. Keller, Ric [R-FL-8], Rep. Watson, Diane E. [D-CA-33], Rep. Combest, Larry [R-TX-19], Rep. Boswell, Leonard L. [D-IA-3], Rep. Barr, Bob [R-GA-7], Sen. Udall, Mark [D-CO], Rep. Bereuter, Doug [R-NE-1], Rep. Kingston, Jack [R-GA-1], Rep. Mica, John L. [R-FL-7], Rep. Nethercutt, George R., Jr. [R-WA-5], Rep. Jones, Stephanie Tubbs [D-OH-11], Rep. Hefley, Joel [R-CO-5], Rep. McInnis, Scott [R-CO-3], Rep. Peterson, Collin C. [D-MN-7], Rep. Sanchez, Loretta [D-CA-46], Rep. Ross, Mike [D-AR-4]
Subjects
Discovery layer
Source updated
7 April 2025
Summary
Federal Deposit Insurance Reform Act of 2002 - Mandates 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; and (3) double the amount of deposit insurance for certain retirement accounts. Amends the FDIA to increase the amount of deposit insurance coverage for municipal deposits. Expands the range of authorized investments for the Federal Deposit Insurance Corporation (FDIC) to include Federal agency obligations or comparable obligations authorized by the Secretary of the Treasury. Repeals: (1) independent treatment of each deposit insurance fund with respect to assessments and designated reserve ratio; (2) minimum risk-based assessments for certain at-risk deposit insurance funds; (3) limitations on assessments on deposit insurance funds that fail to meet the designated reserve ratio; and (4) the special rule for recapitalizing undercapitalized funds. Instructs the FDIC Board of Directors to establish annually a designated reserve ratio that falls within a prescribed range. Replaces refund guidelines with rebates to insured depository institutions that are predicated upon DIF balances in excess of specified percentages. Instructs the FDIC to establish a Deposit Insurance Fund Restoration Plan to ensure adequate reserves whenever the actual ratio in the DIF falls below certain criteria. Directs the Comptroller General to study and report to Congress on FDIC administrative structure, expenses, and certain activities, and further possible changes to the deposit insurance system.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
12 February 2002
Introduced
Referred to the House Committee on Financial Services.
Source: IntroReferral
12 February 2002
Introduced
Introduced in House
Source: IntroReferral
12 February 2002
Introduced
Introduced in House
Source: IntroReferral
1 March 2002
Referred
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Source: Committee
7 March 2002
Committee
Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.
Source: Committee
7 March 2002
Committee
Subcommittee Consideration and Mark-up Session Held.
Source: Committee
17 April 2002
Vote
Ordered to be Reported (Amended) by the Yeas and Nays: 52 - 2.
Source: Committee
17 April 2002
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
16 May 2002
Calendars
Placed on the Union Calendar, Calendar No. 278.
Source: Calendars
16 May 2002
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 107-467.
Source: Committee
16 May 2002
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 107-467.
Source: Committee
21 May 2002
Vote
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed until May 22.
Source: Floor
21 May 2002
Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 3717.
Source: Floor
21 May 2002
Floor
Considered under suspension of the rules. (consideration: CR H2787-2803)
Source: Floor
21 May 2002
Floor
Mr. Oxley moved to suspend the rules and pass the bill, as amended.
Source: Floor
22 May 2002
Floor
Considered as unfinished business. (consideration: CR H2860)
Source: Floor
22 May 2002
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
22 May 2002
Vote
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 408 - 18 (Roll no. 190). (text: CR 5/21/2002 H2787-2794)
Source: Floor
22 May 2002
Vote
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 408 - 18 (Roll no. 190).(text: CR 5/21/2002 H2787-2794)
Source: Floor
23 May 2002
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
- Referred in Senate · 23 May 2002 · Download file
- Engrossed in House · 22 May 2002 · Download file
- Reported in House · 16 May 2002 · Download file
- Introduced in House · 12 February 2002 · Download file
Documents
11 official files
Referred in Senate (text)
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Referred in Senate (text)
Referred in Senate · EN · 23 May 2002
Referred in Senate (PDF)
Referred in Senate · EN · 23 May 2002
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Engrossed in House (text)
Engrossed in House · EN · 22 May 2002
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Engrossed in House (PDF)
Engrossed in House · EN · 22 May 2002
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Passed House amended
summary · EN · 22 May 2002
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Reported in House (text)
Reported in House · EN · 16 May 2002
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Reported in House (PDF)
Reported in House · EN · 16 May 2002
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Reported to House with amendment(s)
summary · EN · 16 May 2002
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Introduced in House (text)
Introduced in House · EN · 12 February 2002
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Introduced in House (PDF)
Introduced in House · EN · 12 February 2002
ViewDownloadOpen at official source
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Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in House
summary · EN · 12 February 2002
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
- Rep. Bachus, Spencer [R-AL-6] · R · Sponsor
- Rep. Oxley, Michael G. [R-OH-4] · R · Sponsor
- Rep. Gillmor, Paul E. [R-OH-5] · R · Sponsor
- Rep. Leach, James A. [R-IA-2] · R · Sponsor
- Rep. Roukema, Marge [R-NJ-5] · R · Sponsor
- Rep. Royce, Edward R. [R-CA-39] · R · Sponsor
- Rep. Ney, Robert W. [R-OH-18] · R · Sponsor
- Rep. King, Peter T. [R-NY-2] · R · Sponsor
- Rep. Weldon, Dave [R-FL-15] · R · Sponsor
- Rep. Riley, Bob [R-AL-3] · R · Sponsor
- Rep. Jones, Walter B., Jr. [R-NC-3] · R · Sponsor
- Rep. Manzullo, Donald A. [R-IL-16] · R · Sponsor
- Rep. Tiberi, Patrick J. [R-OH-12] · R · Sponsor
- Rep. Biggert, Judy [R-IL-13] · R · Sponsor
- Sen. Thune, John [R-SD] · R · Sponsor
- Rep. Hart, Melissa A. [R-PA-4] · R · Sponsor
- Rep. LaTourette, Steven C. [R-OH-14] · R · Cosponsor
- Rep. Kelly, Sue W. [R-NY-19] · R · Cosponsor
- Rep. Shows, Ronnie [D-MS-4] · D · Cosponsor
- Rep. Lucas, Ken [D-KY-4] · D · Cosponsor
- Sen. Moran, Jerry [R-KS] · R · Cosponsor
- Rep. Upton, Fred [R-MI-6] · R · Cosponsor
- Rep. Pickering, Charles W. "Chip" [R-MS-3] · R · Cosponsor
- Rep. Green, Mark [R-WI-8] · R · Cosponsor
- Rep. Ryun, Jim [R-KS-2] · R · Cosponsor
- Rep. LaHood, Ray [R-IL-18] · R · Cosponsor
- Rep. Stenholm, Charles W. [D-TX-17] · D · Cosponsor
- Sen. Capito, Shelley Moore [R-WV] · R · Cosponsor
- Rep. Gordon, Bart [D-TN-6] · D · Cosponsor
- Rep. Simmons, Rob [R-CT-2] · R · Cosponsor
- Rep. Shimkus, John [R-IL-15] · R · Cosponsor
- Rep. Holden, Tim [D-PA-17] · D · Cosponsor
- Rep. Keller, Ric [R-FL-8] · R · Cosponsor
- Rep. Watson, Diane E. [D-CA-33] · D · Cosponsor
- Rep. Combest, Larry [R-TX-19] · R · Cosponsor
- Rep. Boswell, Leonard L. [D-IA-3] · D · Cosponsor
- Rep. Barr, Bob [R-GA-7] · R · Cosponsor
- Sen. Udall, Mark [D-CO] · D · Cosponsor
- Rep. Bereuter, Doug [R-NE-1] · R · Cosponsor
- Rep. Kingston, Jack [R-GA-1] · R · Cosponsor
- Rep. Mica, John L. [R-FL-7] · R · Cosponsor
- Rep. Nethercutt, George R., Jr. [R-WA-5] · R · Cosponsor
- Rep. Jones, Stephanie Tubbs [D-OH-11] · D · Cosponsor
- Rep. Hefley, Joel [R-CO-5] · R · Cosponsor
- Rep. McInnis, Scott [R-CO-3] · R · Cosponsor
- Rep. Peterson, Collin C. [D-MN-7] · D · Cosponsor
- Rep. Sanchez, Loretta [D-CA-46] · D · Cosponsor
- Rep. Ross, Mike [D-AR-4] · D · Cosponsor
Showing 48 of 66 sponsors and actors.
Related records
- related to ← Safe and Fair Deposit Insurance Act of 2002
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/107th-congress/house-bill/3717
- Open data entity: https://api.congress.gov/v3/bill/107/hr/3717
- us · 107-hr-3717 · source updated 7 April 2025