To authorize the Secretary of the Treasury to direct the Federal Deposit Insurance Corporation and the National Credit Union Administration to establish emergency transaction account guarantee programs, and for other purposes.

This bill would give the Secretary of the Treasury the power to tell the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration to set up special emergency programs that guarantee money in transaction accounts, such as checking accounts, at banks and credit unions. No official summary is available for this bill.

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