H.R. 2547, FDIC Enforcement Enhancement Act

3.0.0 2547 2023-01-11T16:17:52Z 2023-01-11T21:20:35Z House H HR 2007-05-24 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2007-07-17T22:24:26Z hsba00 Financial Services Committee House Standing Reported by 2007-07-16T18:00:00Z Markup by 2007-06-26T13:10:04Z Referred to 2007-05-24T14:02:40Z H. Rept. 110-234 2007-07-17 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2007-07-16 18:32:09 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2007-07-16 18:31:09 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7788) Floor H37300 2 House floor actions 2007-07-16 18:31:09 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H7788) Floor 8000 9 Library of Congress 2007-07-16 18:31:05 Considered as unfinished business. (consideration: CR H7819) Floor H30000 2 House floor actions 2007-07-16 18:30:59 ORDER OF PROCEDURE - Mr. Hastings(FL) asked unanimous consent that the proceedings by which the yeas and nays were ordered on the motion to suspend the rules and pass H.R. 2547, as amended, be vacated to the end that the Chair put the question de novo. Agreed to without objection. Floor H8D000 2 House floor actions 2007-07-16 14:13:51 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. Floor H37220 2 House floor actions 2007-07-16 14:06:47 DEBATE - The House proceeded with forty minutes of debate on H.R. 2547. Floor H8D000 2 House floor actions 2007-07-16 14:06:44 Considered under suspension of the rules. (consideration: CR H7788-7789) Floor H30000 2 House floor actions 2007-07-16 14:06:15 Mr. Sires moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2007-07-16 Placed on the Union Calendar, Calendar No. 145. Calendars H12410 2 House floor actions U00145 2007-07-16 Reported by the Committee on Financial Services. H. Rept. 110-234. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2007-07-16 Reported by the Committee on Financial Services. H. Rept. 110-234. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2007-06-26 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by Voice Vote. Committee 2007-06-26 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2007-05-24 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2007-05-24 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-05-24 Introduced in House IntroReferral 1000 9 Library of Congress S001165 Rep. Sires, Albio [D-NJ-13] Albio Sires D NJ 13 N B001232 Rep. Biggert, Judy [R-IL-13] JUDY BIGGERT R IL 13 2007-05-24 True G000210 Rep. Gillmor, Paul E. [R-OH-5] PAUL GILLMOR R OH E. 5 2007-06-26 False 2007-07-12T04:00:00Z H.R. 2547, FDIC Enforcement Enhancement Act http://www.cbo.gov/publication/18833 <p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on June 26, 2007</p> 2007-07-12T04:00:00Z H.R. 2547, FDIC Enforcement Enhancement Act https://www.cbo.gov/publication/18833 Cost estimate for the bill as ordered reported by the House Committee on Financial Services on June 26, 2007 Finance and Financial Sector Commerce Deceptive advertising Deposit insurance Federal Deposit Insurance Corporation Fines (Penalties) Fraud Government Operations and Politics Government corporations Jurisdiction Law Names Signs and symbols Finance and Financial Sector

00 2007-05-24 Introduced in House 2007-07-06T16:04:39Z FDIC Enforcement Enhancement Act - Amends the Federal Deposit Insurance Act to prohibit use of the terms "Federal Deposit," "Federal Deposit Insurance," "Federal Deposit Insurance Corporation," any combination of such terms, or the abbreviation "FDIC," as part of the business name or firm name of any person or business entity.

Prohibits use of such terms, or any other sign or symbol as part of a document, to represent, suggest, or imply that any deposit liability, obligation, certificate, or share is insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) if in fact the instrument is not insured or guaranteed by the FDIC.

Prohibits misrepresentations of: (1) the federally insured status of any deposit liability, obligation, certificate, or share; or (2) the extent or the manner in which such instruments are insured by the FDIC.

Grants the FDIC: (1) jurisdiction over violations of this Act; and (2) certain enforcement authority.

Subjects violations of this Act to civil money penalties.

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36 2007-07-16 Passed House amended 2007-09-11T21:42:42Z FDIC Enforcement Enhancement Act - Amends the Federal Deposit Insurance Act (FDIA) to prohibit use of the terms "Federal Deposit," "Federal Deposit Insurance," "Federal Deposit Insurance Corporation," any combination of such terms, or the abbreviation "FDIC," as part of the business name or firm name of any person or business entity, including any advertisement, solicitation, or other document.

Prohibits knowing misrepresentations of: (1) the federally insured status of any deposit liability, obligation, certificate, or share; or (2) the extent or the manner in which such instruments are insured by the FDIC.

Grants the FDIC jurisdiction over any person that violates this Act, and certain enforcement authority as if the person were a state nonmember insured bank.

Empowers the FDIC to issue orders requiring: (1) immediate cessation; and (2) affirmative action to prevent any further violation, or to remedy an existing one.

Subjects violations of this Act to civil money penalties.

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FDIC Enforcement Enhancement Act Display Title FDIC Enforcement Enhancement Act Official Title as Introduced To amend the Federal Deposit Insurance Act to prevent misrepresentation about deposit insurance coverage, and for other purposes. Introduced in House IH Short Titles as Introduced FDIC Enforcement Enhancement Act Short Titles as Passed House FDIC Enforcement Enhancement Act H House Referred in Senate 2007-07-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr2547rfs/xml/BILLS-110hr2547rfs.xml Reported in House 2007-07-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr2547rh/xml/BILLS-110hr2547rh.xml Engrossed in House 2007-07-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr2547eh/xml/BILLS-110hr2547eh.xml Introduced in House 2007-05-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr2547ih/xml/BILLS-110hr2547ih.xml 2007-07-17 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.