A bill to increase the borrowing authority of the Federal Deposit Insurance Corporation, and for other purposes.

Summary

Official

The Depositor Protection Act of 2009 - Amends the Federal Deposit Insurance Act to increase from $30 billion to $100 billion the maximum sum that the Federal Deposit Insurance Corporation (FDIC) is authorized to borrow from the Secretary of the Treasury. Authorizes a temporary increase, through calendar 2010, in such borrowing authority, up to a maximum of $500 billion, if the...

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Bill Progress

Bill has been introduced and assigned a number

Introduced(3/5/09)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. DODD

(D) CT

Cosponsors (14)

JOHNSON

(D) SD

BOND

(R) MO

Brown

(D) OH

Menendez

(D) NJ

Corker

(R) TN

Isakson

(R) GA

HUTCHISON

(R) TX

Crapo

Senate (R) Idaho

AKAKA

(D) HI

LIEBERMAN

(I) CT

Topics

Government Spending & Operations

Business & Finance

Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2848-2849)

Mar 5, 2009