3.0.0 1572 2026-01-09T23:34:57Z 2026-01-09T23:34:57Z Senate S S 2023-05-11 118 https://www.congress.gov/bill/118th-congress/senate-bill/1572 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings By (full committee) 2023-06-22T16:47:29Z Referred To 2023-05-11T18:21:04Z 118 5845 HR 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. Identical bill CRS 2023-06-22 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2023-05-11 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2023-05-11 Introduced in Senate IntroReferral 10000 9 Library of Congress H000601 Sen. Hagerty, Bill [R-TN] Bill Hagerty R TN N Finance and Financial Sector Advisory bodies 2024-01-19T17:00:27Z Bank accounts, deposits, capital 2024-01-19T17:00:27Z Banking and financial institutions regulation 2024-01-19T17:00:27Z Congressional oversight 2024-01-19T17:00:27Z Federal Deposit Insurance Corporation (FDIC) 2024-01-19T17:00:27Z Government studies and investigations 2024-01-19T17:00:27Z Finance and Financial Sector 2023-05-30T13:00:24Z

00 2023-05-11 Introduced in Senate 2024-02-05T19:59:43Z <p><b>Depositor Protection Act of 2023 </b></p> <p>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. </p> <p>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.) </p> <p>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.)</p> <p>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. </p> <p>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.</p>

Display Title 45 2024-07-24T15:22:10Z Short Title(s) as Introduced 101 2024-05-24T13:39:56Z Introduced in Senate IS Official Title as Introduced 6 2024-02-07T09:08:37Z Introduced in Senate IS Introduced in Senate 2023-05-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s1572is/xml/BILLS-118s1572is.xml 2023-06-22 Committee on Banking, Housing, and Urban Affairs. Hearings held. 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.