Introduced
by
To allow local governments to invest retirement funds, building and site funds, sinking funds, or general funds in a Certificate of Deposit Account Registry Service program, which spreads an investor's funds among as many member institutions as necessary so that no more than $100,000 is invested in any single institution -- thus allowing the investment to be fully covered by the FDIC insurance.
Referred to the Committee on Banking and Financial Services
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Amendment offered
by
To clarify a statutory reference in the bill.
The amendment passed by voice vote
Passed in the House 107 to 0 (details)
Referred to the Committee on Banking and Financial Institutions
