3.0.0 541 2017-12-13T21:39:58Z 2017-12-13T21:39:58Z Senate S S 2009-03-05 111 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2009-03-06T02:29:00Z 2009-03-05 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2848-2849) IntroReferral 2009-03-05 Sponsor introductory remarks on measure. (CR S2848) IntroReferral B00100 9 Library of Congress 2009-03-05 Introduced in Senate IntroReferral 10000 9 Library of Congress D000388 Sen. Dodd, Christopher J. [D-CT] CHRISTOPHER DODD D CT JOHN N C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2009-03-05 True A000069 Sen. Akaka, Daniel K. [D-HI] DANIEL AKAKA D HI KOHIKINA 2009-03-05 True B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2009-03-05 True C001071 Sen. Corker, Bob [R-TN] Bob Corker R TN 2009-03-05 True B000611 Sen. Bond, Christopher S. [R-MO] CHRISTOPHER BOND R MO S. 2009-03-05 True I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2009-03-05 True G000445 Sen. Gregg, Judd [R-NH] Judd Gregg R NH 2009-03-11 False H001016 Sen. Hutchison, Kay Bailey [R-TX] KAY HUTCHISON R TX BAILEY 2009-03-11 False S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2009-03-12 False J000177 Sen. Johnson, Tim [D-SD] TIM JOHNSON D SD 2009-03-17 False M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2009-03-23 False J000291 Sen. Johanns, Mike [R-NE] Mike Johanns R NE 2009-03-24 False L000304 Sen. Lieberman, Joseph I. [ID-CT] JOSEPH LIEBERMAN ID CT I. 2009-04-20 False L000035 Sen. Lincoln, Blanche L. [D-AR] BLANCHE LINCOLN D AR LAMBERT 2009-04-28 False Finance and Financial Sector Bank accounts, deposits, capital Congressional oversight Federal Deposit Insurance Corporation (FDIC) Government corporations and government-sponsored enterprises Government lending and loan guarantees Finance and Financial Sector 00 2009-03-05 Introduced in Senate 2009-04-10T19:39:53Z The Depositor Protection Act of 2009 - Amends the Federal Deposit Insurance Act to increase from $30 billion to $100 billion the maximum sum that the Federal Deposit Insurance Corporation (FDIC) is authorized to borrow from the Secretary of the Treasury.

Authorizes a temporary increase, through calendar 2010, in such borrowing authority, up to a maximum of $500 billion, if the Secretary of the Treasury, in consultation with the President, determines that additional amounts above $100 billion are necessary, pursuant to the written recommendation of the FDIC Board of Directors and the Board of Governors of the Federal Reserve System (Federal Reserve Board). Requires a two-thirds vote of the members of both the FDIC Board of Directors and the Federal Reserve Board to make such a recommendation.

Requires the FDIC, if its borrowing authority is increased above $100 billion, to report promptly to certain congressional committees the reasons and need for the additional borrowing authority and its intended uses.

]]> Depositor Protection Act of 2009 Short Titles as Introduced Depositor Protection Act of 2009 Display Title Depositor Protection Act of 2009 Official Title as Introduced A bill to increase the borrowing authority of the Federal Deposit Insurance Corporation, and for other purposes. Introduced in Senate 2009-03-05T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s541is/xml/BILLS-111s541is.xml 2009-03-05 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2848-2849) 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.