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United States · Bill · S

S. 373 (102nd)

Qualified Depositor Protection Bond Act of 1991

referredUnited States· United States Congress· EN

Introduced

6 February 1991

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

26 August 2025

Summary

Qualified Depositor Protection Bond Act of 1991 - Amends the Internal Revenue Code to allow the issuance of tax-exempt qualified depositor protection bonds to repay depositors not otherwise insured in an insolvent financial institution located in a qualifying State or to assist the reopening of closed financial institutions in such State. Describes a qualifying State as one in which the Governor declares a bank holiday for a period of not less than five consecutive business days at no less than one-third of the State's financial institutions.

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Documents

2 official files

Introduced in Senate (text)

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Sources

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