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

Bill: 111-hr-6398
Sponsor: Rep. Doggett, Lloyd [D-TX-25]
Introduced: 2010-11-15 in the House
Policy area: Finance and Financial Sector
Subjects: Bank accounts, deposits, capital
Interest, dividends, interest rates
Lawyers and legal services

Summary:
action_date: 2010-11-15
text: 
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.
 

action_date: 2010-11-30
text: 
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.

action_date: 2010-12-22
text: 

(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.

action_date: 2010-12-29
text: 

(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.


Legislative actions:
action_date: 2010-12-29
text: Became Public Law No: 111-343.
action_date: 2010-12-29
text: Became Public Law No: 111-343.
action_date: 2010-12-29
text: Signed by President.
action_date: 2010-12-29
text: Signed by President.
action_date: 2010-12-23
text: Presented to President.
action_date: 2010-12-23
text: Presented to President.
action_date: 2010-12-22
text: Cleared for White House.
action_date: 2010-12-22
text: Message on Senate action sent to the House.
action_date: 2010-12-22
text: Passed Senate without amendment by Unanimous Consent. (consideration: CR S10964)
action_date: 2010-12-22
text: Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S10964)
action_date: 2010-12-01
text: Received in the Senate, read twice.
action_date: 2010-11-30
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2010-11-30
text: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7727)
action_date: 2010-11-30
text: 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)
action_date: 2010-11-30
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 6398.
action_date: 2010-11-30
text: Considered under suspension of the rules. (consideration: CR H7727-7728)
action_date: 2010-11-30
text: Mr. Doggett moved to suspend the rules and pass the bill, as amended.
action_date: 2010-11-15
text: Referred to the House Committee on Financial Services.
action_date: 2010-11-15
text: Introduced in House
action_date: 2010-11-15
text: Introduced in House

Enacted as: number: 111-343