S. 913 · 108th Congress
Deposit Insurance Fairness and Economic Opportunity Act
- Stage
- In committee
- Sponsor
- Rick Santorum
- Introduced
- 2003-04-11
- Latest action
- 2003-04-11 · Introduced in Senate
Summary
Deposit Insurance Fairness and Economic Opportunity Act - Amends the Federal Deposit Insurance Act to direct the Board of Directors of the Federal Deposit Insurance Corporation to distribute in the form of a dividend any excess amounts remaining from semiannual assessments imposed upon insured depository institutions (excess deposit insurance funds).
Defines excess amounts as the amount of funds exceeding 1.40 percent of the total estimated deposits insured by theBank Insurance Fund or the Savings Association Insurance Fund.