Amends the Federal Deposit Insurance Act, the National Housing Act, and the Federal Credit Union Act to provide insurance for the full amount of public funds deposited in insured banks, thrift institutions, and credit unions. Repeals the restriction on the Federal Deposit Insurance Corporation's authority to limit the aggregate amount of funds that may be deposited in insured banks.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
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