3.0.0 1562 2023-01-13T04:50:21Z 2023-01-13T04:50:21Z Senate S S 2005-07-29 109 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Markup by 2005-10-18T22:22:17Z Referred to 2005-07-29T18:31:46Z 2005-10-18 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably. Committee 2005-07-29 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2005-07-29 Sponsor introductory remarks on measure. (CR S9477) IntroReferral B00100 9 Library of Congress 2005-07-29 Introduced in Senate IntroReferral 10000 9 Library of Congress E000285 Sen. Enzi, Michael B. [R-WY] MICHAEL ENZI R WY B. N J000177 Sen. Johnson, Tim [D-SD] TIM JOHNSON D SD 2005-07-29 True A000109 Sen. Allard, Wayne [R-CO] A. ALLARD R CO WAYNE 2005-07-29 True H001028 Sen. Hagel, Chuck [R-NE] CHUCK HAGEL R NE 2005-07-29 True N000180 Sen. Nelson, Ben [D-NE] E. Nelson D NE Benjamin 2005-12-12 False Finance and Financial Sector Administrative procedure Bank capital Bank deposits Commerce Congress Congressional reporting requirements Credit unions Deposit insurance Economics and Public Finance Employee benefit plans Federal Deposit Insurance Corporation Government Operations and Politics Government corporations Government publicity Government trust funds Governmental investigations Indexing (Economic policy) Individual retirement accounts Insurance premiums Labor and Employment Law Legislation National Credit Union Administration Pension funds Savings and loan associations Finance and Financial Sector 00 2005-07-29 Introduced in Senate 2005-10-04T20:51:14Z Amends the Federal Deposit Insurance Act (FDIA) to establish the DIF. Requires deposit into the DIF of all assessments made by the Federal Deposit Insurance Corporation (FDIC) against insured depository institutions.

Authorizes the FDIC to borrow from the federal home loan banks the funds necessary for DIF use.

Deposit Insurance Reform Act of 2005 - Amends the FDIA to: (1) prohibit an undercapitalized insured depository institution from accepting employee benefit plan deposits; (2) increase federal insurance coverage (including an inflation adjustment); and (3) include retirement accounts and municipal deposits within such coverage.

Requires the FDIC Board of Directors to designate the reserve ratio applicable to the DIF.

Prohibits the Board from modifying its information collection requirements if such modification is done solely to change assessment risk classifications and results in placing greater regulatory or reporting burdens upon an insured depository institution.

Allows credits based upon past contributions to the DIF.]]>

Safe and Fair Deposit Insurance Act of 2005 Display Title Safe and Fair Deposit Insurance Act of 2005 Official Title as Introduced A bill to provide for the merger of the bank and savings association deposit insurance funds, to modernize and improve the safety and fairness of the Federal deposit insurance system, and for other purposes. Introduced in Senate IS Short Titles as Introduced for portions of this bill Deposit Insurance Reform Act of 2005 Short Titles as Introduced Safe and Fair Deposit Insurance Act of 2005 Short Titles as Introduced for portions of this bill Insurance Funds Merger Act of 2005 Introduced in Senate 2005-07-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s1562is/xml/BILLS-109s1562is.xml 2005-10-18 Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.