FEDERAL DEPOSIT INSURANCE ACT

Bills and resolutions

FDIC: provide coverage for municipal deposits (see S. 227), S914 [31JA] (see H.R. 1899), H2333 [17MY]

Financial institutions: allow payment of Financing Corporation interest obligations from excess deposit insurance fund reserves (see H.R. 557), H258 [12FE]

———clarify which lending entities are subject to provisions governing State limitation of interest rates and other charges relative to interstate bank mergers (see S. 1835), S13464 [18DE]

———ensure continued stability of the Federal deposit insurance system (see H.R. 1293), H1343 [29MR]

———prohibit federally insured institutions from engaging in high-cost payday loans and expand protections for consumers in connection with the making of such loans by uninsured entities (see H.R. 1055), H953 [15MR]

———require periodic cost-of-living adjustments to the maximum amount of deposit insurance available (see S. 128), S101 [22JA] (see H.R. 746), H441 [27FE]

Remarks in House

Financial institutions: prohibit federally insured institutions from engaging in high-cost payday loans and expand protections for consumers in connection with the making of such loans by uninsured entities (H.R. 1055), E379 [15MR]

———require periodic cost-of-living adjustments to the maximum amount of deposit insurance available (H.R. 746), E219 [27FE]