Summary of Amendments Submitted to the Rules Committee on
H.R. 522 - FEDERAL DEPOSIT INSURANCE REFORM ACT OF 2003
April 1, 2003 (10:13am)
Ose/Maloney #1 -
Returns coverage level to $100,000 per account and removes indexing the coverage level to inflation. Does not amend other provisions of the bill such as municipal coverage and doubling of retirement account coverage.
Oxley #3 -
WITHDRAWN. Manager's Amendment. Clarifies the provisions of the bill which apply to the administration of the deposit insurance fund to direct the FDIC and National Credit Union Administration Board (NCUA) to administer the provisions in a revenue-neutral fashion. This amendment is intended to correct a misinterpretation of the bill's provisions by CBO which resulted in a significant cost to the federal government.
Rohrabacher #2 -
Strikes all of section 3, which increases deposit insurance coverage.
* Summaries derived from information submitted by the amendment sponsors.
