H.R. 5511 (111th): Transaction Account Guarantee Program Act of 2010

Introduced:
Jun 10, 2010 (111th Congress, 2009–2010)
Status:
Died (Referred to Committee) in a previous session of Congress

This bill was introduced on June 10, 2010, in a previous session of Congress, but was not enacted.

Introduced
Jun 10, 2010
 
Sponsor
James “Jim” Marshall
Representative for Georgia's 8th congressional district
Party
Democrat
Text
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Last Updated
Jun 10, 2010
Length
5 pages
 
Full Title

To amend the Federal Deposit Insurance Act to codify the Transaction Account Guarantee Program of the Federal Deposit Insurance Corporation.

Summary

No summaries available.

 
Cosponsors
none
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


6/10/2010--Introduced.
Transaction Account Guarantee Program Act of 2010 - Amends the Federal Deposit Insurance Act to establish the Transaction Account Guarantee (TAG) Program to provide a full guarantee for funds held in noninterest-bearing transaction accounts of insured depository institutions participating in the TAG Program.
Requires an insured depository institution that wishes to participate in the TAG Program to submit an application to the Federal Deposit Insurance Corporation (FDIC). Allows an insured depository institution to opt-out of the TAG Program.
Directs the FDIC to levy assessments on those insured depository institutions participating in the TAG Program.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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