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United States · Bill · S

S. 1223 (102nd)

Depositor Protection and Anti-Fraud Act of 1991

referredUnited States· United States Congress· EN

Introduced

5 June 1991

Last action

Status

Read twice and referred to the Committee on Banking.

Sponsors

Subjects

Discovery layer

Source updated

26 August 2025

Summary

Depositor Protection and Anti-Fraud Act of 1991 - Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to prohibit an insured depository institution from marketing stocks or bonds issued by itself or its affiliates at any of its domestic branches at which it accepts insured deposits (including its head office if it accepts insured deposits and is located in the United States). Delineates regulatory exemptions. Mandates that each appropriate Federal banking and credit union agency report annually to specified congressional committees concerning any differences between its regulations and those adopted by other agencies. Requires such agencies to promulgate final regulations implementing this Act by a specified deadline.

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Documents

2 official files

Introduced in Senate (text)

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Sources

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