Amendment102nd Congress
An amendment consisting of several amendments offered en bloc to limit federal deposit insurance coverage for depositors to one account of up to $100,000 per person per institution and an additional $100,000 per person per institution for an IRA account. The amendment would eliminate FDIC coverage for multiple accounts of $100,000 in a single financial institution. The effective date of the amendment would be on January 1, 1995.
- Amendment Number
- 386
- Description
- An amendment consisting of several amendments offered en bloc to limit federal deposit insurance coverage for depositors to one account of up to $100,000 per person per institution and an additional $100,000 per person per institution for an IRA account. The amendment would eliminate FDIC coverage for multiple accounts of $100,000 in a single financial institution. The effective date of the amendment would be on January 1, 1995.
- Purpose
- Amendments en bloc sought to limit federal deposit insurance coverage to $100,000 on regular deposit accounts per person and an additional $100,000 per person per institution for an Individual Retirement Account.
- Congress
- 102
- Type
- HAMDT
- Latest Action Date
- Nov 4, 1991
- Latest Action Text
- On agreeing to the Wylie amendments (A013) Failed by recorded vote: 153 - 264 (Roll no. 372).
- Latest Action Time
- 17:02:22
- Submitted Date
- Nov 4, 1991
- Chamber
- House of Representatives
- Update Date
- Jun 7, 2021