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
The bill requires transaction account guarantees Section 11(a)(1) of the Federal Deposit Insurance Act (12 U.S.C, requires adjusted least cost resolution Section 13(c)(4) of the Federal Deposit Insurance Act (12 U.S.C, and provides acquisitions of distressed banks. It relies on definition changes, reporting requirements, compliance mandates, and product standards. The main policy areas are Regulated Industries, Finance, and Housing.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk and Financial services firms and customers affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Regulated entities and members of the public affected by the bill would take on compliance duties, and Homeowners, tenants, or housing market participants affected by the bill would take on compliance duties.
Key Provisions
- Requires transaction account guarantees Section 11(a)(1) of the Federal Deposit Insurance Act (12 U.S.C.
- Requires adjusted least cost resolution Section 13(c)(4) of the Federal Deposit Insurance Act (12 U.S.C.
- Provides acquisitions of distressed banks.
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 transaction account guarantees Section 11(a)(1) of the Federal Deposit Insurance Act (12 U.S.C, requires adjusted least cost resolution Section 13(c)(4) of the Federal Deposit Insurance Act (12 U.S.C, and provides acquisitions of distressed banks.
Key Policy Areas
Regulated Industries, Finance, Housing
Primary Purpose
The bill requires transaction account guarantees Section 11(a)(1) of the Federal Deposit Insurance Act (12 U.S.C, requires adjusted least cost resolution Section 13(c)(4) of the Federal Deposit Insurance Act (12 U.S.C, and provides acquisitions of distressed banks.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
- Financial services firms and customers affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Regulated entities and members of the public affected by the bill
- Homeowners, tenants, or housing market participants affected by the bill
- Financial services firms and customers affected by the bill
- Public beneficiaries or protected communities affected by the clause
Sponsors
Legislative Progress
IntroducedMr. Hagerty introduced the following bill; which was read twice …
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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