Legislation has been passed by Congress amending the Dodd-Frank Act. President Obama is expected to sign the legislation.
H.R. 6398 amends Section 343 of the Dodd-Frank Act to provide that deposits in so called Interest on Lawyers Trust Account, commonly referred to as IOLTAs, will be fully guaranteed by the FDIC for a two year period.
Check dodd-frank.com frequently for updates on the Dodd-Frank Act and other important securities law matters.