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HR 6398 - 111

To require the Federal Deposit Insurance Corporation to fully insure Interest on Lawyers Trust Accounts.

Became Public Law No: 111-343.

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Affected Sectors

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Finance and banking
5 evidence matches
Impact 100% Confidence 90%

Finance and Financial Sector

Finance and Financial Sector

Bank accounts, deposits, capital

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Summary

49 Public Law Jan 4, 2011

(This measure has not been amended since it was passed by the House on November 30, 2010. The summary of that version is repeated here.) 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.

82 Passed Senate without amendment Jan 4, 2011

(This measure has not been amended since it was passed by the House on November 30, 2010. The summary of that version is repeated here.) 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.

36 Passed House amended Dec 14, 2010

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.

00 Introduced in House Nov 30, 2010

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.

Sponsors

Timeline

Dec 29, 2010

Signed by President.

Dec 29, 2010

Signed by President.

Dec 29, 2010

Became Public Law No: 111-343.

Dec 29, 2010

Became Public Law No: 111-343.

Dec 23, 2010

Presented to President.

Dec 23, 2010

Presented to President.

Dec 22, 2010

Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S10964)

Dec 22, 2010

Passed Senate without amendment by Unanimous Consent. (consideration: CR S10964)

Dec 22, 2010

Message on Senate action sent to the House.

Dec 22, 2010

Cleared for White House.

Dec 1, 2010

Received in the Senate, read twice.

Nov 30, 2010

Mr. Doggett moved to suspend the rules and pass the bill, as amended.

Nov 30, 2010

Considered under suspension of the rules. (consideration: CR H7727-7728)

Nov 30, 2010

DEBATE - The House proceeded with forty minutes of debate on H.R. 6398.

Nov 30, 2010

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H7727)

Nov 30, 2010

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7727)

Nov 30, 2010

Motion to reconsider laid on the table Agreed to without objection.

Nov 15, 2010

Introduced in House

Nov 15, 2010

Introduced in House

Nov 15, 2010

Referred to the House Committee on Financial Services.

House Votes

No House roll call votes have been linked to this bill yet.

Amendments

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