Federal Deposit Insurance Reform Act of 2003

Summary

Official

Federal Deposit Insurance Reform Act of 2003 - Mandates the merger of the Bank Insurance Fund and the Savings Association Insurance Fund into the Deposit Insurance Fund. Amends the Federal Deposit Insurance Act (FDIA) and the Federal Credit Union Act to: (1) increase the amount of deposit insurance coverage; (2) couple such increase with an inflation adjustment; and (3) double the amount of...

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Bill Progress

Passed House, sent to Senate

Introduced(2/4/03)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. BACHUS

(R) AL – 6

Cosponsors (20)

Grijalva

(D) AZ

NEY

(R) OH

FRANK

(D) MA

GONZALEZ

(D) TX

BIGGERT

(R) IL

KANJORSKI

(D) PA

GREEN

(R) WI

GILLMOR

(R) OH

Davis

(D) AL

Waters

House (D) California

Topics

Government Spending & Operations

Business & Finance

Law & The Judicial System

Latest Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Apr 3, 2003

View Bill on Congress.gov