CONGRESSWOMAN ELISE STEFANIK
H.R. 6398 is expected to be considered on the floor of the House on Tuesday, November 30, 2010, under a motion to suspend the rules, requiring a two-thirds majority vote for passage. H.R. 6398 was introduced on Nov 15, 2010 by Rep. Lloyd Doggett (D-TX) and referred to the Committee on Financial Services.
H.R. 6398 would modify the Federal Deposit Insurance Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, to require the Federal Deposit Insurance Corporation (FDIC) to insure trust accounts established by an attorney or law firm on behalf of a client.
There is no CBO cost estimate for this legislation.