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United States · Bill · HR

H.R. 3777 (101st)

Depositor Protection and Abuse Prevention Act of 1989

referredUnited States· United States Congress· EN

Introduced

20 November 1989

Last action

Status

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

Sponsors

Subjects

Discovery layer

Source updated

26 August 2025

Summary

Depositor Protection and Abuse Prevention Act of 1989 - Amends the Federal Deposit Insurance Act to prohibit an insured depository institution from marketing any interests in its affiliates in any office space which is commonly accessible to the general public for the purpose of accepting deposits. Grants a Federal banking agency regulatory authority either to prohibit such sales or to impose conditions upon them if the agency determines that any stock or bond of the institution is likely to be confused by the general public with an insured deposit.

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Documents

2 official files

Introduced in House (text)

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Sources

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