To amend the Federal Deposit Insurance Act to allow the Board of Directors of the Federal Deposit Insurance Corporation to guarantee noninterest-bearing transaction accounts for a certain period, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill requires federal Deposit Insurance Corporation guarantee of uninsured deposits for a certain period Section 13(c)(4) of the Federal Deposit Insurance Act (12 U.S.C. It relies on definition changes and compliance mandates. The main policy areas are Financial Services and Finance.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Financial services firms and customers affected by the bill would take on compliance duties.
Key Provisions
- Requires federal Deposit Insurance Corporation guarantee of uninsured deposits for a certain period Section 13(c)(4) of the Federal Deposit Insurance Act (12 U.S.C.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires federal Deposit Insurance Corporation guarantee of uninsured deposits for a certain period Section 13(c)(4) of the Federal Deposit Insurance Act (12 U.S.C.
Key Policy Areas
Financial Services, Finance
Primary Purpose
The bill requires federal Deposit Insurance Corporation guarantee of uninsured deposits for a certain period Section 13(c)(4) of the Federal Deposit Insurance Act (12 U.S.C.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Financial services firms and customers affected by the bill
Legislative Progress
IntroducedMr. Luetkemeyer introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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