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United States · Bill · S

S. 4052 (111th)

A bill to require the Federal Deposit Insurance Corporation to fully insure Interest on Lawyers Trust Accounts.

referredUnited States· United States Congress· EN

Introduced

22 December 2010

Last action

22 December 2010 · Introduced

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sen. Merkley, Jeff [D-OR], Sen. Johnson, Tim [D-SD], Sen. Corker, Bob [R-TN], Sen. Enzi, Michael B. [R-WY]

Subjects

Discovery layer

Source updated

5 December 2025

Summary

Amends the Federal Deposit Insurance Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, to treat as a noninterest-bearing transaction account fully insurable by the Federal Deposit Insurance Corporation (FDIC) any Interest on Lawyers Trust Account (or functionally equivalent account) established by an attorney or law firm on behalf of a client.

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

Timeline

  1. 22 December 2010

    Introduced

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

  2. 22 December 2010

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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Leesvertaling

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 22 December 2010

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 22 December 2010

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 22 December 2010

    Open at official source

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Sponsors

Related records

Sources

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