[Congressional Record Volume 156, Number 155 (Wednesday, December 1, 2010)]
[House]
[Page H7763]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1030
                  PROVIDING FDIC PROTECTION FOR IOLTAS

  (Mr. SARBANES asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. SARBANES. Mr. Speaker, I rise today in strong support of H.R. 
6398, which I was proud to cosponsor with my colleague, Congressman 
Doggett. This important measure will ensure that lawyer trust accounts, 
the interest income from which goes to support legal services programs 
across this country, will be fully insured by the Federal Deposit 
Insurance Corporation, therefore providing to the providers of these 
programs an important assurance that going forward this source of 
funding will be protected.
  For almost 20 years before I came to this body, I had the privilege 
of working with some of the finest legal services providers in the 
State of Maryland. And I want to thank them for the work they do every 
day to provide assistance to those underserved in our community. Every 
opportunity we get to support their work we should seize upon. And 
that's what we do with this measure. I thank my colleagues for their 
support of H.R. 6398.

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