H.R. 786, A bill to make permanent the temporary increase in deposit insurance coverage, and for other purposes

3.0.0 786 2022-02-03T06:08:58Z 2022-02-03T06:08:58Z House H HR 2009-02-02 111 hsba00 Financial Services Committee House Standing Reported by 2009-02-23T21:02:27Z Markup by 2009-02-04T17:57:06Z Referred to 2009-02-02T19:00:53Z H. Rept. 111-18 2009-02-23 Placed on the Union Calendar, Calendar No. 6. Calendars H12410 2 House floor actions U00006 2009-02-23 Reported (Amended) by the Committee on Financial Services. H. Rept. 111-18. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2009-02-23 Reported (Amended) by the Committee on Financial Services. H. Rept. 111-18. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2009-02-04 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by Voice Vote. Committee 2009-02-04 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2009-02-02 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-02-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-02-02 Introduced in House IntroReferral 1000 9 Library of Congress F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 N 2009-02-23T06:00:00Z H.R. 786, A bill to make permanent the temporary increase in deposit insurance coverage, and for other purposes http://www.cbo.gov/publication/20492 <p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on February 4, 2009</p> 2009-02-23T06:00:00Z H.R. 786, A bill to make permanent the temporary increase in deposit insurance coverage, and for other purposes https://www.cbo.gov/publication/20492 Cost estimate for the bill as ordered reported by the House Committee on Financial Services on February 4, 2009 Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Government trust funds User charges and fees Finance and Financial Sector

00 2009-02-02 Introduced in House 2009-03-16T20:06:52Z Amends the Federal Deposit Insurance Act (FDIA) and the Federal Credit Union Act (FCUA) to redefine the standard maximum deposit insurance amount and the standard maximum share insurance amount as being $250,000, respectively (thus making such increase permanent).

Amends the FDIA to: (1) extend from five years to eight years the period during which the restoration plan for the Deposit Insurance Fund (DIF) must rebuild its statutory reserve ratio; (2) increase to $100 billion the borrowing authority of the Federal Deposit Insurance Corporation (FDIC); and (3) authorize the FDIC to impose special assessments upon depository institution holding companies to recover losses to the DIF.

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17 2009-02-23 Reported to House with amendment(s) 2009-03-16T20:20:54Z Amends the Federal Deposit Insurance Act (FDIA) and the Federal Credit Union Act (FCUA) to redefine the standard maximum deposit insurance amount and the standard maximum share insurance amount as being $250,000, respectively (thus making such increase permanent).

Amends the FCUA to: (1) increase to $6 billion the borrowing authority of the National Credit Union Administration (NCUA); and (2) require the NCUA Board to establish a Share Insurance Fund (SIF) restoration plan whenever the Board projects that the SIF equity ratio will fall below, or the SIF equity ratio actually does fall below, the required minimum amount. Sets forth restoration plan requirements.

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To make permanent the temporary increase in deposit insurance coverage, and for other purposes. Display Title To make permanent the temporary increase in deposit insurance coverage, and for other purposes. Official Title as Introduced To make permanent the temporary increase in deposit insurance coverage, and for other purposes. Reported in House 2009-02-23T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr786rh/xml/BILLS-111hr786rh.xml Introduced in House 2009-02-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr786ih/xml/BILLS-111hr786ih.xml 2009-02-23 Placed on the Union Calendar, Calendar No. 6. 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.