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United States · Law · HR

H.R. 890 (103rd)

Unclaimed Deposits Amendments Act of 1993

enactedUnited States· United States Congress· EN

Introduced

16 February 1993

Last action

28 June 1993 · President

Status

Became Public Law No: 103-44.

Sponsors

Rep. Frank, Barney [D-MA-4], Rep. Ackerman, Gary L. [D-NY-5], Rep. Hinchey, Maurice D. [D-NY-22], Rep. LaFalce, John J. [D-NY-29], Rep. Neal, Richard E. [D-MA-1], Rep. Gejdenson, Sam [D-CT-2], Rep. Studds, Gerry E. [D-MA-10], Rep. Olver, John W. [D-MA-1], Rep. Moran, James P. [D-VA-8], Rep. Torkildsen, Peter G. [R-MA-6], Rep. Blute, Peter I. [R-MA-3]

Subjects

Discovery layer

Source updated

2 January 2025

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Summary

Unclaimed Deposits Amendments Act of 1993 - Amends the Federal Deposit Insurance Act to direct the Federal Deposit Insurance Corporation (FDIC), in its capacity as receiver, to offer to transfer certain unclaimed insured deposits to the custody of the appropriate State authority for disposition according to its abandoned property laws (thus precluding the inadvertent forfeiture of long-term certificates of deposits by owners who were unaware of the need to file a claim against the failed institution). Provides for such a transfer when a State accepts the offer. Requires the FDIC, if a State rejects such an offer, to permit a depositor to make a claim against the FDIC until the receivership ends. Applies such disposition procedures retroactively to deposits in institutions closed after January 1, 1989 (except for certain institutions in closed receiverships). Directs the FDIC and the Resolution Trust Corporation to establish procedures for refiling claims by depositors who inadvertently forfeited their insured deposits.

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

Timeline

  1. 16 February 1993

    Introduced

    Referred to the House Committee on Banking, Finance + Urban Affrs.

    Source: IntroReferral

  2. 16 February 1993

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 16 February 1993

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 24 February 1993

    Committee

    Forwarded by Subcommittee to Full Committee (Amended).

    Source: Committee

  5. 24 February 1993

    Committee

    Subcommittee Consideration and Mark-up Session Held.

    Source: Committee

  6. 24 February 1993

    Committee

    Subcommittee Hearings Held.

    Source: Committee

  7. 24 February 1993

    Referred

    Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance.

    Source: Committee

  8. 2 March 1993

    Passed

    The title of the measure was amended. Agreed to without objection.

    Source: Floor

  9. 2 March 1993

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  10. 2 March 1993

    Vote

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays (2/3 required): 409 - 1 (Roll No. 43).

    Source: Floor

  11. 2 March 1993

    Vote

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays (2/3 required): 409 - 1 (Roll No. 43).

    Source: Floor

  12. 2 March 1993

    Floor

    Considered under suspension of the rules. (consideration: CR H920-923)

    Source: Floor

  13. 2 March 1993

    Vote

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 5, rule I, the chair announced that further proceedings on the motion would be postponed.

    Source: Floor

  14. 2 March 1993

    Floor

    DEBATE - The House proceeded with forty minutes of debate.

    Source: Floor

  15. 2 March 1993

    Floor

    Mr. Neal (NC) moved to suspend the rules and pass the bill, as amended.

    Source: Floor

  16. 3 March 1993

    Introduced

    Received in the Senate.

    Source: IntroReferral

  17. 11 March 1993

    Introduced

    Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 33.

    Source: Calendars

  18. 27 May 1993

    Floor

    Measure laid before Senate by unanimous consent. (consideration: CR S2777)

    Source: Floor

  19. 27 May 1993

    Passed

    Passed/agreed to in Senate: Passed Senate with an amendment by Voice Vote.(consideration: CR S6730-6731)

    Source: Floor

  20. 8 June 1993

    Floor

    Message on Senate action sent to the House.

    Source: Floor

  21. 9 June 1993

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: ResolvingDifferences

  22. 9 June 1993

    Passed

    On motion that the House agree to the Senate amendments Agreed to without objection. (consideration: CR H3355)

    Source: ResolvingDifferences

  23. 9 June 1993

    Passed

    Resolving differences -- House actions: On motion that the House agree to the Senate amendments Agreed to without objection.(consideration: CR H3355)

    Source: NotUsed

  24. 9 June 1993

    ResolvingDifferences

    Mr. Neal (NC) asked unanimous consent that the House agree to the Senate amendments.

    Source: ResolvingDifferences

  25. 16 June 1993

    Floor

    Presented to President.

    Source: Floor

  26. 16 June 1993

    President

    Presented to President.

    Source: President

  27. 28 June 1993

    Became law

    Became Public Law No: 103-44.

    Source: President

  28. 28 June 1993

    Became law

    Signed by President.

    Source: BecameLaw

  29. 28 June 1993

    President

    Signed by President.

    Source: President

Votes

No vote records are attached yet.

Versions

Documents

14 official files

Public Law (PDF)

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Leesvertaling

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  • Public Law (PDF)

    Public Law · EN · 29 June 1993

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  • Enrolled Bill (text)

    Enrolled Bill · EN · 9 June 1993

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  • Enrolled Bill (PDF)

    Enrolled Bill · EN · 9 June 1993

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  • Engrossed Amendment Senate (text)

    Engrossed Amendment Senate · EN · 27 May 1993

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  • Engrossed Amendment Senate (PDF)

    Engrossed Amendment Senate · EN · 27 May 1993

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  • Passed Senate amended

    summary · EN · 27 May 1993

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  • Placed on Calendar Senate (text)

    Placed on Calendar Senate · EN · 11 March 1993

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  • Placed on Calendar Senate (PDF)

    Placed on Calendar Senate · EN · 11 March 1993

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  • Engrossed in House (text)

    Engrossed in House · EN · 2 March 1993

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 2 March 1993

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  • Passed House amended

    summary · EN · 2 March 1993

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  • Introduced in House (text)

    Introduced in House · EN · 16 February 1993

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  • Introduced in House (PDF)

    Introduced in House · EN · 16 February 1993

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  • Introduced in House

    summary · EN · 16 February 1993

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