2003-5-12-14-15-26-29074: Draft Legislation Submitted on Deposit Insurance Reform



	FROM THE OFFICE OF PUBLIC AFFAIRS To view or print the PDF content on this page, download the free Adobe® Acrobat® Reader®. May 12, 2003 2003-5-12-14-15-26-29074 Treasury and Banking Regulatory Agencies Submit Draft Legislative Language on Deposit Insurance Reform to Senate Banking Committee The Treasury Department, the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Office of Thrift Supervision today submitted draft legislative language on deposit insurance reform to the U.S. Senate Banking Committee. The five agencies drafted the legislative language in response to a request from Senate Banking Committee Chairman Richard Shelby at a February 26, 2003 Committee hearing on deposit insurance reform. Chairman Shelby requested that the five agencies work in cooperation to develop language that would best reflect the consensus presented in the agencies’ testimony. Attached are the draft legislative language, a cover letter to Chairman Shelby, and a summary of the draft proposal. Related Documents: Legislative Proposal Cover Letter Summary of Proposal