3.0.0 2657 2023-01-11T13:18:55Z 2023-01-11T13:18:55Z House H HR 2009-06-02 111 hsba00 Financial Services Committee House Standing Referred to 2009-06-02T18:03:45Z 2009-06-02 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-06-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-06-02 Introduced in House IntroReferral 1000 9 Library of Congress C001037 Rep. Capuano, Michael E. [D-MA-8] MICHAEL CAPUANO D MA E. 8 N D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 2009-06-11 False Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Congressional oversight Federal Deposit Insurance Corporation (FDIC) Financial crises and stabilization Finance and Financial Sector 00 2009-06-02 Introduced in House 2009-07-13T19:18:41Z Depositor Protection Act of 2009 - Amends the Federal Deposit Insurance Act to limit the authority of the Federal Deposit Insurance Corporation (FDIC) to engage in activities relating to systemic risk without a congressional declaration of a financial emergency.

Requires an Act of Congress to declare that severe financial conditions exist, threatening the stability of a significant number of insured depository institutions or of insured depository institutions possessing significant financial resources, before the FDIC may exercise its existing authority to engage in certain transactions with an insured depository institution in order to lessen the risk to the FDIC posed by the institution under such threat of instability.

Declares that FDIC authority to borrow from the Treasury amounts "required for insurance purposes" shall not be construed as authorizing the FDIC to borrow any amount for purposes of funding any action taken under this Act.

]]> Depositor Protection Act of 2009 Display Title Depositor Protection Act of 2009 Official Title as Introduced To amend the Federal Deposit Insurance Act to limit the authority of the Federal Deposit Insurance Corporation to engage in activities relating to systemic risk without a congressional declaration of a financial emergency, and for other purposes. Introduced in House IH Short Titles as Introduced Depositor Protection Act of 2009 Introduced in House 2009-06-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr2657ih/xml/BILLS-111hr2657ih.xml 2009-06-02 Referred to the House Committee on Financial Services. 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.