To temporarily provide for Federal insurance of transaction accounts during the COVID-19 emergency.

2/8/2022, 11:17 PM

This bill temporarily removes deposit insurance limits for transaction accounts at depository institutions and credit unions. The limits are reinstated January 1, 2022.

Congress
116
Number
HR - 6380
Introduced on
2020-03-24
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

3/24/2020
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

This bill temporarily removes deposit insurance limits for transaction accounts at depository institutions and credit unions. The limits are reinstated January 1, 2022.

Alternative Names
Official Title as IntroducedTo temporarily provide for Federal insurance of transaction accounts during the COVID-19 emergency.
Policy Areas
Finance and Financial Sector
Potential Impact
Bank accounts, deposits, capital•
Banking and financial institutions regulation

Comments

Recent Activity

Latest Summary6/1/2020

This bill temporarily removes deposit insurance limits for transaction accounts at depository institutions and credit unions. The limits are reinstated January 1, 2022.

Latest Action3/24/2020
Referred to the House Committee on Financial Services.