Not Yet Introduced , The Reconciliation Recommendations of the Senate Committee on Banking, Housing, and Urban Affairs
- This bill has been mooted by the passage of another bill on the same subject or by other events. Check 'Related Bills' below to see if other bills on this subject have been passed into law. Mooted: 2/8/2006.
- This item is from the 109th Congress (2005-2006) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
Subtitles A and B of the legislation would amend laws governing banks and credit unions to modify the deposit insurance system. It would restructure the insurance funds administered by the Federal Deposit Insurance Corporation (FDIC), change the terms and conditions under which banks and savings associations pay insurance premiums, and increase insurance coverage for some of the accounts insured by the FDIC and the National Credit Union Administration (NCUA). Subtitle C would make spending for certain activities associated with the sale of multifamily properties in the Federal Housing Administration's (FHA's) inventory of defaulted mortgages subject to appropriation.