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United States · Bill · S

S. 3637 (112th)

A bill to temporarily extend the transaction account guarantee program, and for other purposes.

openUnited States· United States Congress· EN

Introduced

26 November 2012

Last action

13 December 2012 · Floor

Status

Motion by Senator Reid to commit to Senate Committee on Banking, Housing, and Urban Affairs with instructions to report back forthwith with amendment SA 3316 fell when the bill was committed in Senate. (consideration: CR S8001)

Sponsors

Sen. Reid, Harry [D-NV]

Subjects

Discovery layer

Source updated

2 July 2025

Official sourceDownload fileView documentsShare

Summary

Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to extend through December 31, 2014, the transaction account guarantee program (TAG) established by the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide unlimited deposit insurance for noninterest-bearing transaction accounts (NIBTAs). Cites January 1, 2015, as the effective date upon which the net amount of insured deposit due to a depositor at an insured depository institution reverts to the standard statutory maximum ($250,000) for deposit insurance. Requires the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA), to fully offset, in each calendar year, any estimated losses that may occur to the Deposit Insurance Fund and to the National Credit Union Share Insurance Fund, respectively, as a result of this Act by: (1) estimating the losses, if any, that are expected to occur for each calendar year; and (2) collecting an amount equal to such estimated losses by September 30 of the calendar year, in addition to the assessments that would otherwise be collected by either the FDIC or the NCUA with respect to such year for insured depository institutions.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 26 November 2012

    Introduced

    Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. (text of measure as introduced: CR S6896)

    Source: Calendars

  2. 26 November 2012

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 27 November 2012

    Calendars

    Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 554.

    Source: Calendars

  4. 6 December 2012

    Floor

    Motion to proceed to consideration of measure made in Senate. (consideration: CR S7664)

    Source: Floor

  5. 11 December 2012

    Floor

    Motion to proceed to measure considered in Senate. (consideration: CR S7721-7723, S7723-7732, S7737-7742)

    Source: Floor

  6. 13 December 2012

    Floor

    Considered by Senate. (consideration: CR S8001-8004)

    Source: Floor

Votes

No vote records are attached yet.

Versions

Documents

5 official files

Referred to Committee Senate (text)

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Leesvertaling

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  • Referred to Committee Senate (text)

    Referred to Committee Senate · EN · 13 December 2012

    ViewDownloadOpen at official source

  • Referred to Committee Senate (PDF)

    Referred to Committee Senate · EN · 13 December 2012

    ViewDownloadOpen at official source

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  • Placed on Calendar Senate (text)

    Placed on Calendar Senate · EN · 27 November 2012

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  • Placed on Calendar Senate (PDF)

    Placed on Calendar Senate · EN · 27 November 2012

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  • Introduced in Senate

    summary · EN · 26 November 2012

    Open at official source

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Sponsors

Related records

Showing 8 of 18 related records.

Sources

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