To amend the Federal Deposit Insurance Act to address transaction account guarantees, 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
This bill, To amend the Federal Deposit Insurance Act to address transaction account guarantees, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Transportation.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H767456BDF3E2482CB2D2F2086C2FF4E5: 1. Short title This Act may be cited as the Depositor Protection Act of 2023.
- Section H45B11B55483545A0895D8E9359D6DB65: 2. Transaction account guarantees Section 11(a)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1821(a)(1)) is amended— in subparagraph (B)— by striking The...
- Section H8FAB5BF2FE764FFCBDB1160EE442D52C: 3. Reciprocal deposits Section 29(i)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1831f(i)(1)) is amended— in subparagraph (A), by striking...
- Section H0B06D2CC0D9142E992F09181222C5CCF: 4. Adjusted least cost resolution Section 13(c)(4) of the Federal Deposit Insurance Act (12 U.S.C. 1823(c)(4)) is amended— by redesignating subparagraph (H) as...
- Section HA3D1CDE5D89E489B80096A78CB57D784: 5. Acquisitions of distressed banks In this section: The terms appropriate Federal banking agency and insured bank have the meanings given the terms in section...
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
This bill, To amend the Federal Deposit Insurance Act to address transaction account guarantees, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Government Operations, Transportation
Primary Purpose
This bill, To amend the Federal Deposit Insurance Act to address transaction account guarantees, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Kustoff 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?
- "secretary_of_treasury"
- → Secretary of the Treasury
Key Definitions
Terms defined in this bill
a deposit or account maintained at an insured depository institution— with respect to which interest is neither accrued nor paid
an insured bank that has a class of equity securities, or is controlled, directly or indirectly, by a company that has a class of equity securities— registered pursuant to section 12(b) of the Securities Exchange Act of 1934 (15 U.S.C. 78l(b))
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.
Learn more about our methodology