PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Congressional Research Service
Version 00 · Introduced in House · Jan 30, 1995
Depository Institution Retail Investment Sales and Disclosure Act - Amends the Federal Deposit Insurance Act to add provisions regulating the retail sales of nondeposit investment products (shares issued by a registered investment company) by insured depository institutions. Prohibits insured depository institutions from permitting any person to engage in any practice or advertising which could mislead a customer as to: (1) the uninsured nature of any nondeposit investment product offered or sold by the institution; or (2) the investment risk associated with such product. Requires specified disclosures to potential customers, including disclosure that the nondeposit investment product is not insured by the FDIC (Federal Deposit Insurance Corporation) and that the product poses investment risks and may involve the loss of principal. Requires signed purchaser declarations acknowledging understanding of the disclosures. States that an insured depository institution may not allow any person who accepts deposits to sell or offer investment advice regarding any nondeposit investment product. Prescribes requirements which must be met by persons selling nondeposit investment products. Places restrictions on names, designs, and logos used by depository institutions in connection with investment activities. Provides for confidentiality of customer information. Expresses the sense of the Congress that the Federal banking agencies should use testers to monitor compliance with the requirements of this Act.
People & committees
Rep. Gonzalez, Henry B. [D-TX-20] · D–TX
Legislative record
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Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Referred to the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises.
Referred to the House Committee on Banking and Financial Services.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.
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Analyze H.R.727 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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