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.
USA115th CongressS-1500| Senate
| Updated: 6/29/2017
Mark R. Warner
Democratic Senator
Virginia
Cosponsors (11)
Banking, Housing, and Urban Affairs 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 Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Bank accounts, deposits, capitalBanking and financial institutions regulationInterest, dividends, interest rates
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.
USA115th CongressS-1500| Senate
| Updated: 6/29/2017
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 Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mark R. Warner
Democratic Senator
Virginia
Cosponsors (11)
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
Related Bills
- HR 115-2403: 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.
- S 115-2155: Economic Growth, Regulatory Relief, and Consumer Protection Act
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Bank accounts, deposits, capitalBanking and financial institutions regulationInterest, dividends, interest rates