U.S. Congress - S.3637 A bill to temporarily extend the transaction account guarantee program, and for other p...
S.3637 - A bill to temporarily extend the transaction account guarantee program, and for other purposes.
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- Official: A bill to temporarily extend the transaction account guarantee program, and for other purposes. as introduced.
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Committees
Latest Vote
Roll call number 227 in the Senate
Question: On the Motion (Motion to Waive All Applicable Budgetary Discipline Re: S.3637)
Official Summary
11/26/2012--Introduced.Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to extend through December 31, 2014, the transaction account guarantee program (TAG) established by the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide unlimited deposit inOfficial Summary
11/26/2012--Introduced.Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to extend through December 31, 2014, the transaction account guarantee program (TAG) established by the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide unlimited deposit insurance for noninterest-bearing transaction accounts (NIBTAs). Cites January 1, 2015, as the effective date upon which the net amount of insured deposit due to a depositor at an insured depository institution reverts to the standard statutory maximum ($250,000) for deposit insurance. Requires the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA), to fully offset, in each calendar year, any estimated losses that may occur to the Deposit Insurance Fund and to the National Credit Union Share Insurance Fund, respectively, as a result of this Act by:(1) estimating the losses, if any, that are expected to occur for each calendar year; and
(2) collecting an amount equal to such estimated losses by September 30 of the calendar year, in addition to the assessments that would otherwise be collected by either the FDIC or the NCUA with respect to such year for insured depository institutions.
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Organizations Supporting S.3637
- Women Impacting Public Policy
- USA Rice Federation
- Small Business Legislative Council
- Small Business and Entrepreneurship Council
- Retail Industry Leaders Association
- National League of Cities
- ...and 20 more. See all.
Organizations Opposing S.3637
- Heritage Action for America
- FreedomWorks
- National Association of Federal Credit Unions
- R Street
- Credit Union National Association
Latest Letters to Congress
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S.3637 A bill to temporarily extend the transaction account guarantee program, and for other purposes.
RichardA999
December 13, 2012
I am writing as your constituent in the 10th Congressional district of Georgia. As currently written, I oppose S.3637 - A bill to temporarily extend the transaction account guarantee program, and for other purposes., and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
As reported in the press, the intent of the original TAG legislation was to support smaller banks in retaining or attracting large depositors subsequent t... -
S.3637 A bill to temporarily extend the transaction account guarantee program, and for other purposes.
marlenev
December 07, 2012
I am writing as your constituent in the 7th Congressional district of Minnesota. I support S.3637 - A bill to temporarily extend the transaction account guarantee program.
Sincerely,
Dale & Marlene VanHavermaet -
S.3637 A bill to temporarily extend the transaction account guarantee program, and for other purposes.
mariniak
December 07, 2012
I am writing as your constituent in the 1st Congressional district of Virginia. I oppose S.3637 - A bill to temporarily extend the transaction account guarantee program, and for other purposes., and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Sincerely,
David Mariniak
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