Deposit Insurance Stabilization Act
Latest action · Apr 10, 2001 Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 29, 2001
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Federal Deposit Insurance Act to authorize the Board of Directors of the Federal Deposit Insurance Corporation to impose a fee upon an uninsured depository institution that experiences a net increase in new insured deposits in excess of a percentage the Corporation determines appropriate.
Repeals the minimum assessment requirements for semiannual assessments under the risk-based assessment system for any depository insurance fund.
Cosponsors 39
Members who signed on, in the order they did. Signatures ran from Mar 29, 2001 to Jan 23, 2002; 4 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-OH | Paul E. Gillmor | Original | Mar 29, 2001 |
| D-OH | Stephanie Tubbs Jones | Original | Mar 29, 2001 |
| R-OH | Steven C. LaTourette | Original | Mar 29, 2001 |
| R-NC | Walter B. Jones | Original | Mar 29, 2001 |
| D-ME | John Elias Baldacci | Apr 4, 2001 | |
| R-FL | Mark Foley | Apr 4, 2001 | |
| R-IN | Steve Buyer | Apr 4, 2001 | |
| R-NY | Sue W. Kelly | Apr 4, 2001 | |
| D-MI | Carolyn C. Kilpatrick | Apr 27, 2001 | |
| D-GA | Cynthia A. McKinney | Apr 27, 2001 | |
| D-NJ | Donald M. Payne | Apr 27, 2001 | |
| D-VI | Donna M. Christensen | Apr 27, 2001 | |
| D-TX | Eddie Bernice Johnson | Apr 27, 2001 | |
| D-NC | Eva M. Clayton | Apr 27, 2001 | |
| D-MI | John Conyers, Jr. | Apr 27, 2001 | |
| D-NY | Major R. Owens | Apr 27, 2001 | |
| D-IN | Peter J. Visclosky | Apr 27, 2001 | |
| D-TX | Sheila Jackson Lee | Apr 27, 2001 | |
| D-LA | William J. Jefferson | Apr 27, 2001 | |
| D-FL | Alcee L. Hastings | May 3, 2001 | |
| D-MS | Bennie G. Thompson | May 3, 2001 | |
| D-IL | Danny K. Davis | May 3, 2001 | |
| D-AL | Earl F. Hilliard | May 3, 2001 | |
| D-MD | Elijah E. Cummings | May 3, 2001 | |
| D-NY | Gregory W. Meeks | May 3, 2001 | |
| D-GA | John Lewis | May 3, 2001 | |
| D-TX | Charles W. Stenholm | May 8, 2001 | |
| R-CA | Edward R. Royce | May 8, 2001 | |
| R-IL | Donald A. Manzullo | May 21, 2001 | |
| D-PA | Michael F. Doyle | May 21, 2001 | |
| D-NJ | Steven R. Rothman | May 21, 2001 | |
| D-NM | Tom Udall | Jun 25, 2001 | |
| D-MI | Bart Stupak | Jul 10, 2001 | |
| R-IL | John Shimkus | Jul 10, 2001 | |
| D-ME | Thomas H. Allen | Jul 10, 2001 | |
| R-NM | Joe Skeen | Jul 20, 2001 | |
| D-CA | Barbara Lee | Jul 24, 2001 | |
| D-TX | Jim Turner | Jul 24, 2001 | |
| R-GA | Nathan Deal | Jan 23, 2002 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Mar 29, 2001 |
| Consumer Protection and Financial Institutions Subcommittee | Referred Apr 10, 2001 |
Actions 3
Everything that happened, newest first.
- Apr 10, 2001Referred to the Subcommittee on Financial Institutions and Consumer Credit.
- Mar 29, 2001Introduced in House
- Mar 29, 2001Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Printed hearings 2
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| — | COMPREHENSIVE DEPOSIT INSURANCE REFORM: RESPONSES TO THE FDIC'S RECOMMENDATIONS FOR REFORM79 pages | Banking, Housing, and Urban Affairs Committee | Aug 2, 2001 |
| Serial No. 107-16 | DEPOSIT INSURANCE REFORM151 pages | Financial Services Committee | May 16, 2001 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Federal Deposit Insurance Act to ensure the continued stability of the Federal deposit insurance system with respect to banks and savings associations, and for other purposes.
- Short Titles as Introduced
- Deposit Insurance Stabilization Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Mar 29, 2001Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
