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The Federal Deposit Insurance Reform Act of 2005 (Title II, subtitle B of Pub. L. 109–171 (text), 110 Stat. 9, enacted February 8, 2006, with a companion statute, Federal Deposit Insurance Reform Conforming Amendments Act of 2005, Pub. L. 109–173 (text), 119 Stat. 3601, enacted February 15, 2006), was an act of the United States Congress on banking regulation.
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), is a United States federal law enacted in the wake of the savings and loan crisis of the 1980s. It established the Resolution Trust Corporation to close hundreds of insolvent thrifts and provided funds to pay out insurance to their depositors.
An Act to reform Federal deposit insurance, protect the deposit insurance funds, recapitalize the Bank Insurance Fund, improve supervision and regulation of insured depository institutions, and for other purposes. Nicknames: Bank Enterprise Act of 1991: Enacted by: the 102nd United States Congress: Effective: December 19, 1991: Citations ...
New rules implemented last month capped what the Federal Deposit Insurance Corporation (FDIC) will insure in a trust account at $1.25 million. Before, there was no limit on trust accounts, which ...
The Blueprint called for the consolidation of banking agencies and stripping the Federal Reserve of ... A similar effort was recreated in May 2023 in the FDIC’s Option for Deposit Insurance Reform.
Federal Deposit Insurance Corporation Chairman Martin J. Gruenberg testifies before the Senate Banking, Housing and Urban Affairs Committee March 28, 2023 in Washington, DC. (Photo by Win McNamee ...
In February 2006, President George W. Bush signed into law the Federal Deposit Insurance Reform Act of 2005 (FDIRA). Among other purposes, the act merged the BIF and SAIF into a single fund. As of December 31, 2022, the balance of FDIC's Deposit Insurance Fund is $128.2 billion. [30] The year-end balance has increased every year since 2009. [30]
On April 12, 2011, Representative Marcy Kaptur (D-OH) introduced in the House the "Return to Prudent Banking Act of 2011" (H.R. 129), which would have (1) amended the Federal Deposit Insurance Act to add prohibitions on FDIC insured bank affiliations instead of reenacting the affiliation restrictions in Glass–Steagall Sections 20 and 32, (2) directed federal banking regulators and courts to ...