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.

United States115th CongressHR-2403House of Representatives
Updated: May 8, 2017

Summary

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.)

Bill texts

Available versions
Introduced (House)View official text

1 version available

All available records shown.

Timeline

Latest companion bill action

S-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.

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  1. Introduced in House

  2. Referred to the House Committee on Financial Services.

    House of Representatives

All available records shown.