3.0.0 3243 2024-07-24T15:22:09Z 2024-07-24T15:22:09Z House H HR 2023-05-11 118 [Congressional Record Volume 169, Number 80 (Thursday, May 11, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LUETKEMEYER:H.R. 3243.Congress has the power to enact this legislation pursuantto the following:Article 1; Section 8: To make all Laws which shall benecessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.The single subject of this legislation is:To amend the Federal Deposit Insurance Act to allow theBoard of Directors of the Federal Deposit InsuranceCorporation to guarantee noninterest-bearing transactionaccounts for a certain period.[Page H2312]]]> hsba00 Financial Services Committee House Standing Referred to 2023-05-11T14:01:45Z 2023-05-11 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-05-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-05-11 Introduced in House IntroReferral 1000 9 Library of Congress L000569 Rep. Luetkemeyer, Blaine [R-MO-3] Blaine Luetkemeyer R MO 3 N M001204 Rep. Meuser, Daniel [R-PA-9] Daniel Meuser R PA 9 2024-01-18 False Finance and Financial Sector Finance and Financial Sector 2023-05-30T13:00:24Z 00 2023-05-11 Introduced in House 2024-01-26T14:05:23Z Small Business Stability Act

This bill allows the Federal Deposit Insurance Corporation (FDIC) to guarantee an insured depository institution's uninsured deposits in noninterest-bearing transaction accounts for a single period not to exceed 60 days without complying with requirements to minimize cost to the Deposit Insurance Fund. This authority requires (1) written recommendations from the FDIC board and the Board of Governors of the Federal Reserve System, and (2) a determination from the Department of the Treasury that this step would avoid or mitigate adverse effects on the stability of the banking system.

]]> Small Business Stability Act Display Title 45 Small Business Stability Act 2024-07-24T15:22:09Z Short Title(s) as Introduced 101 Small Business Stability Act 2024-05-24T13:39:55Z Introduced in House IH Official Title as Introduced 6 To amend the Federal Deposit Insurance Act to allow the Board of Directors of the Federal Deposit Insurance Corporation to guarantee noninterest-bearing transaction accounts for a certain period, and for other purposes. 2024-03-18T20:46:57Z Introduced in House IH Introduced in House 2023-05-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr3243ih/xml/BILLS-118hr3243ih.xml 2023-05-11 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.