PlainBillCongress, translated.Legislation. Context. Public interest.Became Public Law No: 111-343.
Congressional Research Service
Version 49 · Public Law · Dec 29, 2010
(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.
People & committees
Rep. Doggett, Lloyd [D-TX-25] · D–TX
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Became Public Law No: 111-343.
Became Public Law No: 111-343.
Signed by President.
Signed by President.
Presented to President.
Presented to President.
Cleared for White House.
Message on Senate action sent to the House.
Passed Senate without amendment by Unanimous Consent. (consideration: CR S10964)
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S10964)
Received in the Senate, read twice.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7727)
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)
DEBATE - The House proceeded with forty minutes of debate on H.R. 6398.
Considered under suspension of the rules. (consideration: CR H7727-7728)
Mr. Doggett moved to suspend the rules and pass the bill, as amended.
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Primary sources
Text links open the official source. We currently store references to these documents.
Source last updated: Dec 5, 2025. Consult Congress.gov for the current record.
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Analyze H.R.6398 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.R.6398 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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