Please research ‘Bail In’ which Fed Govt put thru on 14 Feb this...

Please research ‘Bail In’ which Fed Govt put thru on 14 Feb this year. My understanding of the Bill is that Bail In allows Fed Govt/Banks to use individual depositors funds/super to bail them out if one goes bust, AND the supposed Goct guarantee of $250,000 has NOT been initiated, so bank your excess funds at your own peril, and bring on ‘Glass Steagal’ If I have got the wrong end of the stick I would be grateful if someone explained what the Bill really was about, my Fed MP (Liberal) is dancing around any question on. That subject that has been put to him.