Public Law 96-221

URI: https://gptkb.org/entity/Public_Law_96-221
GPTKB entity
Statements (27)
Predicate Object
gptkbp:instanceOf gptkb:United_States_federal_law
gptkbp:affects gptkb:Federal_Reserve_System
credit unions
commercial banks
savings and loan associations
gptkbp:amendedBy gptkb:Federal_Deposit_Insurance_Act
gptkb:Federal_Reserve_Act
gptkb:Home_Owners'_Loan_Act
gptkb:National_Bank_Act
gptkbp:dateEnacted March 31, 1980
gptkbp:enactedBy gptkb:United_States_Congress
https://www.w3.org/2000/01/rdf-schema#label Public Law 96-221
gptkbp:officialName gptkb:Depository_Institutions_Deregulation_and_Monetary_Control_Act_of_1980
gptkbp:provides increased deposit insurance coverage from $40,000 to $100,000
authorized NOW accounts nationwide
preempted state usury laws for certain loans
extended Federal Reserve requirements to all depository institutions
phased out interest rate ceilings on deposit accounts
gptkbp:publicLawNumber 96-221
gptkbp:purpose deregulation of depository institutions
monetary control
gptkbp:shortName gptkb:DIDMCA
gptkbp:signedBy gptkb:Jimmy_Carter
gptkbp:statutesAtLargeCitation 94 Stat. 132
gptkbp:bfsParent gptkb:Depository_Institutions_Deregulation_and_Monetary_Control_Act_of_1980
gptkb:Depository_Institutions_Deregulation_and_Monetary_Control_Act
gptkbp:bfsLayer 7