3.0.0
5845
2025-12-05T09:08:15Z
2025-12-05T09:08:15Z
House
H
HR
2023-09-29
118
https://www.congress.gov/bill/118th-congress/house-bill/5845
[Congressional Record Volume 169, Number 159 (Friday, September 29, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KUSTOFF:H.R. 5845.Congress has the power to enact this legislation pursuantto the following:Under Article 1, Section 8, the Necessary and ProperClause. Congress shall have power to make all laws whichshall be necessary and proper for carrying into Execution theforegoing powers and all Powers vested by this Constitutionin the Government of the United States, or in any Departmentof Officer thereof.The single subject of this legislation is:This legislation reforms deposit insurance and modifies theregulatory approval process for certain acquisitions offinancial institutions.[Page H4911]
- hsju00
Judiciary Committee
House
Standing
  - Referred To
2023-09-29T14:00:25Z
- hsba00
Financial Services Committee
House
Standing
  - Referred To
2023-09-29T14:00:20Z

- Depositor Protection Act of 2023
118
1572
S
2023-06-22
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  - Identical bill
CRS
- 2023-09-29
Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
H11100
2
House floor actions
  - hsju00
Judiciary Committee
- 2023-09-29
Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
H11100
2
House floor actions
  - hsba00
Financial Services Committee
- 2023-09-29
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2023-09-29
Introduced in House
IntroReferral
1000
9
Library of Congress
- K000392
Rep. Kustoff, David [R-TN-8]
David
Kustoff
R
TN
8
N
- H001093
Rep. Houchin, Erin [R-IN-9]
Erin
Houchin
R
IN
9
2023-11-07
False
Finance and Financial Sector
- Advisory bodies
2024-01-19T17:00:26Z
- Bank accounts, deposits, capital
2024-01-19T17:00:26Z
- Banking and financial institutions regulation
2024-01-19T17:00:26Z
- Congressional oversight
2024-01-19T17:00:26Z
- Federal Deposit Insurance Corporation (FDIC)
2024-01-19T17:00:26Z
- Government studies and investigations
2024-01-19T17:00:26Z
Finance and Financial Sector
2023-10-24T15:30:24Z
00
2023-09-29
Introduced in House
2024-07-01T21:50:00Z
Depositor Protection Act of 2023
This bill expands Federal Deposit Insurance Corporation (FDIC) protections and the actions the FDIC is allowed to take, including in the event of an institutional failure.
First, the bill expands for two years FDIC deposit insurance for an amount up to $100,000,000 that a depositor maintains at an insured depository institution in a noninterest-bearing transaction account. (Currently, the FDIC insures deposits up to $250,000.)
The bill also increases the reciprocal deposit limit applicable to depository institutions. (Reciprocal deposits are used by institutions to increase the availability of deposit insurance by splitting large deposits using a reciprocal network of institutions.)
For 90 days after the date of enactment, the bill allows for the acquisition of distressed banks by a bank holding company without regulatory approval under certain circumstances.
The bill also allows the FDIC to facilitate a merger, sale, assumption of liabilities, or stock acquisition involving the failure of a large institution using an adjusted least-cost resolution calculation.

Depositor Protection Act of 2023
- Display Title
45

Depositor Protection Act of 2023
2024-07-24T15:20:13Z
- Short Title(s) as Introduced
101

Depositor Protection Act of 2023
2024-05-24T13:36:00Z
Introduced in House
IH
- Official Title as Introduced
6

To amend the Federal Deposit Insurance Act to address transaction account guarantees, and for other purposes.
2024-03-18T21:32:58Z
Introduced in House
IH
- Introduced in House
2023-09-29T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr5845ih/xml/BILLS-118hr5845ih.xml
2023-09-29
Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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.
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