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H.R. 5008 (101st): State and Local Government Employees Section 457 Plan Deposit Insurance Act

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


6/12/1990--Introduced. State and Local Government Employees Section 457 Plan Deposit Insurance Act - Amends the Federal Deposit Insurance Act to provide the same deposit insurance treatment for deposits of State and local government tax-exempt nonprofit organization deferred compensation plans as is provided for deposits of Keogh plans and individual retirement accounts.