Legis Daily

Community Bank Deposit Access Act of 2019

USA116th CongressHR-4384| House 
| Updated: 9/18/2019
Charlie Crist

Charlie Crist

Democratic Representative

Florida

Cosponsors (1)
J. French Hill (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Community Bank Deposit Access Act of 2019 This bill specifies that certain custodial deposits shall not be considered to be brokered deposits, which are subject to additional regulatory requirements, including those related to liquidity. The bill generally defines a custodial deposit as a deposit made by a certain entity serving as an agent, trustee, or custodian at an insured depository institution for the purpose of providing deposit insurance for the benefit of a third party.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 18, 2019
Introduced in House
Sep 18, 2019
Referred to the House Committee on Financial Services.
  • September 18, 2019
    Introduced in House


  • September 18, 2019
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Bank accounts, deposits, capitalBanking and financial institutions regulationInterest, dividends, interest rates

Community Bank Deposit Access Act of 2019

USA116th CongressHR-4384| House 
| Updated: 9/18/2019
Community Bank Deposit Access Act of 2019 This bill specifies that certain custodial deposits shall not be considered to be brokered deposits, which are subject to additional regulatory requirements, including those related to liquidity. The bill generally defines a custodial deposit as a deposit made by a certain entity serving as an agent, trustee, or custodian at an insured depository institution for the purpose of providing deposit insurance for the benefit of a third party.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 18, 2019
Introduced in House
Sep 18, 2019
Referred to the House Committee on Financial Services.
  • September 18, 2019
    Introduced in House


  • September 18, 2019
    Referred to the House Committee on Financial Services.
Charlie Crist

Charlie Crist

Democratic Representative

Florida

Cosponsors (1)
J. French Hill (Republican)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalBanking and financial institutions regulationInterest, dividends, interest rates