United States 112th Congress Status: Died 1 D cosponsors

S 3637 — A bill to temporarily extend the transaction account guarantee program, and for other purposes.

Last action — S.AMDT.3315 SA 3315 fell when SA 3314 fell.

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  1. ✓
    Introduced
  2. Died in session

This bill died with 112th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to extend through December 31, 2014, the transaction account guarantee program (TAG) established by the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide unlimited deposit insurance for noninterest-bearing transaction accounts (NIBTAs). Cites January 1, 2015, as the effective date upon which the net amount of insured deposit due to a depositor at an insured depository institution reverts to the standard statutory maximum ($250,000) for deposit insurance. Requires the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA), to fully offset, in each calendar year, any estimated losses that may occur to the Deposit Insurance Fund and to the National Credit Union Share Insurance Fund, respectively, as a result of this Act by: (1) estimating the losses, if any, that are expected to occur for each calendar year; and (2) collecting an amount equal to such estimated losses by September 30 of the calendar year, in addition to the assessments that would otherwise be collected by either the FDIC or the NCUA with respect to such year for insured depository institutions.

Bill Text

We don't have the full text on file for this bill yet.

Read S 3637 on the official United States source →

Action History

  1. S.AMDT.3315 SA 3315 fell when SA 3314 fell.

  2. S.AMDT.3314 SA 3314 fell when the bill was committed.

  3. S.AMDT.3318 SA 3318 fell when SA 3317 fell.

  4. S.AMDT.3317 SA 3317 fell when SA 3316 fell.

  5. S.AMDT.3316 SA 3316 fell when the bill was committed.

  6. Motion by Senator Reid to commit to Senate Committee on Banking, Housing, and Urban Affairs with instructions to report back forthwith with amendment SA 3316 fell when the bill was committed in Senate. (consideration: CR S8001)

  7. Committed to Senate Committee on Banking, Housing, and Urban Affairs pursuant to Sec. 312(f) of the Congressional Budget Act.

  8. Cloture motion on the bill withdrawn by unanimous consent in Senate. (consideration: CR S8004)

  9. The point of order was sustained.

  10. Motion to waive all applicable budgetary discipline with respect to the measure rejected in Senate by Yea-Nay Vote. 50 - 42. Record Vote Number: 227. (consideration: CR S8004)

  11. Motion to waive all applicable budgetary discipline with respect to the measure made in Senate. (consideration: CR S8003)

  12. Point of order that the measure violates section 302(f) of the CBA raised in Senate.

  13. S.AMDT.3318 Considered by Senate. (consideration: CR S8001)

  14. S.AMDT.3317 Considered by Senate. (consideration: CR S8001)

  15. S.AMDT.3316 Considered by Senate. (consideration: CR S8001)

  16. S.AMDT.3315 Considered by Senate. (consideration: CR S8001)

  17. S.AMDT.3314 Considered by Senate. (consideration: CR S8001)

  18. Considered by Senate. (consideration: CR S8001-8004)

  19. Cloture motion on the bill presented in Senate. (consideration: CR S7724; text: CR S7724)

  20. S.AMDT.3318 Amendment SA 3318 proposed by Senator Reid to Amendment SA 3317. (consideration: CR S7724; text: CR S7724)Of a perfecting nature.

  21. S.AMDT.3317 Amendment SA 3317 proposed by Senator Reid to Amendment SA 3316. (consideration: CR S7724; text: CR S7724)Of a perfecting nature.

  22. S.AMDT.3316 Amendment SA 3316 proposed by Senator Reid. (consideration: CR S7724; text: CR S7724)To change the enactment date.

  23. Motion by Senator Reid to commit to Senate Committee on Banking, Housing, and Urban Affairs with instructions to report back forthwith with amendment SA 3316 made in Senate. (consideration: CR S7724; text: CR S7724)

  24. S.AMDT.3315 Amendment SA 3315 proposed by Senator Reid to Amendment SA 3314. (consideration: CR S7724; text: CR S7724)Of a perfecting nature.

  25. S.AMDT.3314 Amendment SA 3314 proposed by Senator Reid. (consideration: CR S7724; text: CR S7724)To change the enactment date.

  26. Measure laid before Senate by motion. (consideration: CR S7724-7732)

  27. Motion to proceed to consideration of measure agreed to in Senate by Unanimous Consent. (consideration: CR S7724)

  28. Cloture on the motion to proceed to the bill invoked in Senate by Yea-Nay Vote. 76 - 20. Record Vote Number: 225. (consideration: CR S7723-7724; text: CR S7723)

  29. Motion to proceed to measure considered in Senate. (consideration: CR S7721-7723, S7723-7732, S7737-7742)

  30. Cloture motion to the motion to proceed to the bill presented in Senate. (consideration: CR S7664; text: CR S7664)

  31. Motion to proceed to consideration of measure made in Senate. (consideration: CR S7664)

  32. Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 554.

  33. Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. (text of measure as introduced: CR S6896)

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 3637 do?
Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to extend through December 31, 2014, the transaction account guarantee program (TAG) established by the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide unlimited deposit insurance for noninterest-bearing transaction accounts (NIBTAs). Cites January 1, 2015, as the effective date upon which the net amount of insured deposit due to a depositor at an insured depository institution reverts to the standard statutory maximum ($250,000) for deposit insurance. Requires the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA), to fully offset, in each calendar year, any estimated losses that may occur to the Deposit Insurance Fund and to the National Credit Union Share Insurance Fund, respectively, as a result of this Act by: (1) estimating the losses, if any, that are expected to occur for each calendar year; and (2) collecting an amount equal to such estimated losses by September 30 of the calendar year, in addition to the assessments that would otherwise be collected by either the FDIC or the NCUA with respect to such year for insured depository institutions.
Who sponsors S 3637?
S 3637 is sponsored by Harry Reid (D).
What is the current status of S 3637?
This bill died with 112th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S 3637?
Track S 3637 free on One Click Politics — get push/email alerts when it moves.

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