State Thrift Deposit Insurance Premium Act of 1990

Summary

State Thrift Deposit Insurance Premium Act of 1990 - Amends the Federal Deposit Insurance Act to direct the Federal Deposit Insurance Corporation to determine and apportion among the States the cumulative cost of Federal assistance provided to State-chartered savings associations for case resolutions. Declares as "high risk" any State whose share of State resolution costs exceeds twice its share of 1980 State deposits. Mandates that each high risk State pay to the Savings Association Insurance Fund prescribed premiums reflecting such risk. Sets forth insurance termination procedures if a State fails to pay the required premium. Requires depositor notification of such insurance termination.

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Timeline

1. 20 July 1990

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

2. 20 July 1990

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · undated · Official file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 20 July 1990

  Open at official source

Sponsors

• Rep. Kasten, Robert W., Jr. [R-WI-9] · R · Sponsor
• Sen. Levin, Carl [D-MI] · D · Cosponsor
• Rep. Cohen, William S. [R-ME-2] · R · Cosponsor
• Sen. Gorton, Slade [R-WA] · R · Cosponsor
• Sen. Rudman, Warren [R-NH] · R · Cosponsor
• Sen. Lieberman, Joseph I. [D-CT] · D · Cosponsor
• Rep. Baucus, Max [D-MT-1] · D · Cosponsor
• Sen. Lautenberg, Frank R. [D-NJ] · D · Cosponsor
• · ssbk00 · Standing

Related records

• related to → State Thrift Deposit Insurance Premium Act of 1990