To amend the Federal Deposit Insurance Act to ensure that the reciprocal deposits of an insured depository institution are not considered to be funds obtained by or through a deposit broker, and for other purposes.
USA115th CongressHR-2403| House
| Updated: 5/8/2017
Gwen Moore
Democratic Representative
Wisconsin
Cosponsors (20)
Robert Pittenger (Republican)Tim Ryan (Democratic)Frank D. Lucas (Republican)Mark Pocan (Democratic)Lisa Blunt Rochester (Democratic)Steve Stivers (Republican)Lee M. Zeldin (Republican)Emanuel Cleaver (Democratic)Carolyn B. Maloney (Democratic)Wm. Lacy Clay (Democratic)Rosa L. DeLauro (Democratic)J. French Hill (Republican)Luke Messer (Republican)Kyrsten Sinema (Independent)Gregory W. Meeks (Democratic)Denny Heck (Democratic)Donald S. Beyer (Democratic)Maxine Waters (Democratic)Tom Emmer (Republican)Bill Huizenga (Republican)
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Keeping Capital Local for Underserved Communities Act of 2017 This bill specifies that certain reciprocal deposits shall not be considered to be brokered deposits. (Brokered deposits are subject to additional regulatory requirements, including those related to liquidity.)
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Bank accounts, deposits, capitalBanking and financial institutions regulationInterest, dividends, interest rates
To amend the Federal Deposit Insurance Act to ensure that the reciprocal deposits of an insured depository institution are not considered to be funds obtained by or through a deposit broker, and for other purposes.
USA115th CongressHR-2403| House
| Updated: 5/8/2017
Keeping Capital Local for Underserved Communities Act of 2017 This bill specifies that certain reciprocal deposits shall not be considered to be brokered deposits. (Brokered deposits are subject to additional regulatory requirements, including those related to liquidity.)
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Gwen Moore
Democratic Representative
Wisconsin
Cosponsors (20)
Robert Pittenger (Republican)Tim Ryan (Democratic)Frank D. Lucas (Republican)Mark Pocan (Democratic)Lisa Blunt Rochester (Democratic)Steve Stivers (Republican)Lee M. Zeldin (Republican)Emanuel Cleaver (Democratic)Carolyn B. Maloney (Democratic)Wm. Lacy Clay (Democratic)Rosa L. DeLauro (Democratic)J. French Hill (Republican)Luke Messer (Republican)Kyrsten Sinema (Independent)Gregory W. Meeks (Democratic)Denny Heck (Democratic)Donald S. Beyer (Democratic)Maxine Waters (Democratic)Tom Emmer (Republican)Bill Huizenga (Republican)
Financial Services Committee
Finance and Financial Sector
Related Bills
- S 115-2155: Economic Growth, Regulatory Relief, and Consumer Protection Act
- S 115-1500: A bill to amend the Federal Deposit Insurance Act to ensure that the reciprocal deposits of an insured depository institution are not considered to be funds obtained by or through a deposit broker, and for other purposes.
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Bank accounts, deposits, capitalBanking and financial institutions regulationInterest, dividends, interest rates