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United States · Bill · S

S. 377 (106th)

A bill to eliminate the special reserve funds created for the Savings Association Insurance Fund and the Deposit Insurance Fund, and for other purposes.

openUnited States· United States Congress· EN

Introduced

4 February 1999

Last action

Status

Sponsor introductory remarks on measure. (CR S4628)

Sponsors

Subjects

Discovery layer

Source updated

14 January 2025

Summary

Amends the Federal Deposit Insurance Act and the Deposit Insurance Funds Act of 1996 to eliminate the Special Reserve of the Savings Association Insurance Fund and the Deposit Insurance Fund, respectively (established to provide emergency funds if the reserve ratio of either fund remains below 50 percent of its designated ratio for one year).

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Documents

3 official files

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Sources

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