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Version 00 · Introduced in House · Apr 23, 1996
TABLE OF CONTENTS: Title I: Continuing Appropriations Title II: Deposit Insurance Funds Title I: Continuing Appropriations - Amends the Balanced Budget Downpayment Act, I to extend its title I and title II provisions by one day, from April 24 to April 25, 1996. Title II: Deposit Insurance Funds - Deposit Insurance Funds Act of 1996 - Directs the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) to impose a special assessment on the Savings Association Insurance Fund (SAIF)-assessable deposits of each insured depository institution at a rate applicable to all such institutions that the Board, in its sole discretion, determines will cause the SAIF to achieve the designated reserve ratio on the first business day of the first month beginning after the date of enactment of this Act. Allows the Board to exempt weak institutions from such assessment. Mandates exemption from such assessment for certain newly chartered and other specified institutions, but requires such institutions to pay semiannual assessments at certain former rates during calendar years 1996 through 1999. (Sec. 202) Authorizes certain institutions facing hardship as a result of the special assessment to elect to pay it in two assessments, plus a third supplemental special assessment, determined according to specified formulae. Prescribes adjustments of the special assessment for Bank Insurance Fund (BIF) member banks and certain savings associations. Grants exemptions from such special assessments for certain institutions paying exit and entrance fees. (Sec. 203) Amends the Federal Home Loan Bank Act (FHLBA) and the Federal Deposit Insurance Act (FDIA) to revise the assessment authority of the Financing Corporation (FICO), extending FICO assessments to all depository institutions insured by the Federal Deposit Insurance Corporation (FDIC) instead of SAIF members only. Repeals specified limits on the amount that may be assessed. Declares FICO assessments applicable to certain SAIF-assessable deposits. (Sec. 204) Declares that the SAIF and the BIF shall be merged into the Deposit Insurance Fund, which shall have a Special Reserve for any excess of the SAIF reserve ratio over the designated reserve ratio. Makes conforming amendments to FHLBA and FDIA. (Sec.205) Establishes a SAIF Special Reserve if the SAIF reserve ratio exceeds the designation reserve ratio on January 1, 1998. (Sec. 206) Prescribes procedural guidelines with respect to the refund of overpaid assessments in a deposit insurance fund in excess of the designated reserve amount. (Sec. 207) Amends the FDIA to declare that assessment rates for SAIF members may not be less than assessment rates for BIF members. (Sec. 208) Prohibits the FDIC Board of Directors from setting semi-annual assessments in excess of the amount needed to maintain or achieve the designated reserve ratio of a deposit insurance fund.
People & committees
Rep. Livingston, Bob [R-LA-1] · R–LA
Legislative record
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Became Public Law No: 104-131.
Became Public Law No: 104-131.
Signed by President.
Signed by President.
Presented to President.
Presented to President.
Received in the Senate, read twice, considered, read the third time, and passed without amendment by Voice Vote. (consideration: CR S4047-4048)
Passed/agreed to in Senate: Received in the Senate, read twice, considered, read the third time, and passed without amendment by Voice Vote.(consideration: CR S4047-4048)
Message on Senate action sent to the House.
The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.J. Res. 175.
Motion to reconsider laid on the table Agreed to without objection.
On passage Passed by the Yeas and Nays: 400 - 14 (Roll no. 129).
House roll call 129 · Individual votesPassed/agreed to in House: On passage Passed by the Yeas and Nays: 400 - 14 (Roll no. 129).
House roll call 129 · Individual votesThe previous question was ordered pursuant to the rule.
DEBATE - The House proceeded with one hour of debate.
Rule provides for consideration of H.J. Res. 175 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Upon adoption of this resolution it shall be in order to consider the joint resolution in the House. Title II of the joint resolution shall be deemed stricken.
Considered under the provisions of rule H. Res. 411. (consideration: CR H3745-3746)
Rule H. Res. 411 passed House.
Rules Committee Resolution H. Res. 411 Reported to House. Rule provides for consideration of H.J. Res. 175 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Upon adoption of this resolution it shall be in order to consider the joint resolution in the House. Title II of the joint resolution shall be deemed stricken.
Referred to the Committee on Appropriations, and in addition to the Committees on Banking and Financial Services, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Appropriations, and in addition to the Committees on Banking and Financial Services, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Appropriations, and in addition to the Committees on Banking and Financial Services, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Appropriations, and in addition to the Committees on Banking and Financial Services, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Sep 8, 2026. Consult Congress.gov for the current record.
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Analyze H.J.Res.175 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
Examine H.J.Res.175 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.
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