Deposit Insurance Stabilization Act
Last action on Apr 10, 2001Referred to the Subcommittee on Financial Institutions an...
Take Action
Summary
Deposit Insurance Stabilization Act - Amends the Deposit Insurance Funds Act of 1996 to make the effective date for the merger of the Bank Insurance Fund with the Savings Association Insurance Fund 60 days after the date of enactment of this Act.
Amends the Federal Deposit Insurance Act to authorize the Board of Directors of the Federal Deposit Insurance Corporation to impose a fee upon an uninsured depository institution that experiences a net increase in new insured deposits in excess of a percentage the Corporation determines appropriate.
Repeals the minimum assessment requirements for semiannual assessments under the risk-based assessment system for any depository insurance fund.
Lifecycle of the Bill
No events recorded for this stage yet.
