PlainBillCongress, translated.Legislation. Context. Public interest.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)
Congressional Research Service
Version 00 · Introduced in Senate · Nov 26, 2012
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.
People & committees
Sen. Reid, Harry [D-NV] · D–NV
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
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)
Committed to Senate Committee on Banking, Housing, and Urban Affairs pursuant to Sec. 312(f) of the Congressional Budget Act.
Cloture motion on the bill withdrawn by unanimous consent in Senate. (consideration: CR S8004)
The point of order was sustained.
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)
Senate roll call 227 · Individual votesMotion to waive all applicable budgetary discipline with respect to the measure made in Senate. (consideration: CR S8003)
Point of order that the measure violates section 302(f) of the CBA raised in Senate.
Considered by Senate. (consideration: CR S8001-8004)
Cloture motion on the bill presented in Senate. (consideration: CR S7724; text: CR S7724)
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)
Measure laid before Senate by motion. (consideration: CR S7724-7732)
Motion to proceed to consideration of measure agreed to in Senate by Unanimous Consent. (consideration: CR S7724)
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)
Senate roll call 225 · Individual votesMotion to proceed to measure considered in Senate. (consideration: CR S7721-7723, S7723-7732, S7737-7742)
Cloture motion to the motion to proceed to the bill presented in Senate. (consideration: CR S7664; text: CR S7664)
Motion to proceed to consideration of measure made in Senate. (consideration: CR S7664)
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 554.
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)
Introduced in Senate
Primary sources
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Source last updated: Jul 2, 2025. Consult Congress.gov for the current record.
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Analyze S.3637 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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