[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5051 Introduced in House (IH)]

103d CONGRESS
  2d Session
                                H. R. 5051

    To amend the Federal Deposit Insurance Act to prohibit insured 
depository institutions from imposing any fees with respect to certain 
deposits of rolled coins by individuals who are not more than 16 years 
                                of age.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 19, 1994

  Mr. Klein introduced the following bill; which was referred to the 
            Committee on Banking, Finance and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
    To amend the Federal Deposit Insurance Act to prohibit insured 
depository institutions from imposing any fees with respect to certain 
deposits of rolled coins by individuals who are not more than 16 years 
                                of age.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Youth Depositor Protection Act''.

SEC. 2. PROHIBITION ON IMPOSITION OF FEES WITH RESPECT TO CERTAIN 
              DEPOSITS OF ROLLED COINS.

    Section 18 of the Federal Deposit Insurance Act (12 U.S.C. 1828) is 
amended by adding at the end the following new subsection:
    ``(q) Prohibition on Imposition of Fees With Respect to Certain 
Deposits of Rolled Coins.--No insured depository institution may impose 
any fee in connection with the deposit of rolled United States coins 
into an account maintained at such institution by any individual who is 
not more than 16 years of age.''.
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