Bank Fee Reduction Incentive Act of 1996

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Apr 23, 1996

Bank Fee Reduction Incentive Act of 1996 - Amends the Federal Deposit Insurance Act to increase deposit insurance from $100,000 to $105,000 for an insured depository institution which reduces its net fee income for consumer accounts and transactions by 50 percent or more over any two consecutive semiannual periods.

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People & committees

Who introduced it

Rep. Waters, Maxine [D-CA-35] · D–CA

Committees

Financial Services Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

May 3, 1996
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Apr 23, 1996
Referred to the House Committee on Banking and Financial Services. Government Reform and Oversight, 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.
Apr 23, 1996
Introduced in House
Apr 23, 1996
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Apr 23, 1996 Formatted Text PDF

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.

AI Conversation Starters

Explore the bill from different angles

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Neutral evidence review

Objective

Analyze H.R.3302 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.

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Discuss H.R.3302, 104th Congress: Bank Fee Reduction Incentive Act of 1996

Official record: https://www.congress.gov/bill/104th-congress/house-bill/3302

Text version to examine: Introduced in House · 1996-04-23.

Official full text: https://www.congress.gov/104/bills/hr3302/BILLS-104hr3302ih.htm

Imported record last updated by the source: 2025-08-21T20:15:34Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.3302 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.

Fairness and public impact

Progressive lens

Examine H.R.3302 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.

View full prompt & sources

Discuss H.R.3302, 104th Congress: Bank Fee Reduction Incentive Act of 1996

Official record: https://www.congress.gov/bill/104th-congress/house-bill/3302

Text version to examine: Introduced in House · 1996-04-23.

Official full text: https://www.congress.gov/104/bills/hr3302/BILLS-104hr3302ih.htm

Imported record last updated by the source: 2025-08-21T20:15:34Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3302 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.

Institutions and government scope

Conservative lens

Examine H.R.3302 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.3302, 104th Congress: Bank Fee Reduction Incentive Act of 1996

Official record: https://www.congress.gov/bill/104th-congress/house-bill/3302

Text version to examine: Introduced in House · 1996-04-23.

Official full text: https://www.congress.gov/104/bills/hr3302/BILLS-104hr3302ih.htm

Imported record last updated by the source: 2025-08-21T20:15:34Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3302 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.3302 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.3302, 104th Congress: Bank Fee Reduction Incentive Act of 1996

Official record: https://www.congress.gov/bill/104th-congress/house-bill/3302

Text version to examine: Introduced in House · 1996-04-23.

Official full text: https://www.congress.gov/104/bills/hr3302/BILLS-104hr3302ih.htm

Imported record last updated by the source: 2025-08-21T20:15:34Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3302 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.