H.R. 6398 · 111th Congress · 2009–2010
To require the Federal Deposit Insurance Corporation to fully insure Interest on Lawyers Trust Accounts.
H.R. 6398 in the 111th Congress (2009–2010) became law — introduced on Nov 15, 2010, sponsored by Lloyd Doggett with 2 co-sponsors.
During the 111th Congress (2009–2010), Barack Obama was president, and Democrats held majorities in both the House and Senate.
- Status
- Became law
- Introduced
- Nov 15, 2010
- Co-sponsors
- 2
- Policy area
- Finance and Financial Sector
- Public law
- Public Law 111-343
What it does
Amends the Federal Deposit Insurance Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, to treat as a noninterest-bearing transaction account fully insurable by the Federal Deposit Insurance Corporation (FDIC) any Interest on Lawyers Trust Account (or functionally equivalent account) established by an attorney or law firm on behalf of a client.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Lloyd Doggett (D-TX). Co-sponsors: 2 Democrats.
Where it stands
- IntroducedNov 15, 2010
- Passed the HouseNov 30, 2010
- Passed the SenateDec 22, 2010
- Sent to the PresidentDec 23, 2010
- Became lawDec 29, 2010
Latest action: Became Public Law No: 111-343. (Dec 29, 2010)
Other Finance and Financial Sector bills in the 111th Congress
- S. 383: Special Inspector General for the Troubled Asset Relief Program Act of 2009
- H.R. 627: Credit CARD Act of 2009
- H.R. 1209: Medal of Honor Commemorative Coin Act of 2009
- H.R. 3606: Credit CARD Technical Corrections Act of 2009
- H.R. 4173: Dodd-Frank Wall Street Reform and Consumer Protection Act
- H.R. 5502: To amend the effective date of the gift card provisions of the Credit Card Accountability…
- H.R. 5297: Small Business Jobs Act of 2010
- S. 3717: A bill to amend the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the…
- H.R. 1177: 5-Star Generals Commemorative Coin Act
- H.R. 6162: Coin Modernization, Oversight, and Continuity Act of 2010
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
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