Consumer Transaction Account Protection Act of 2019

United States116th CongressHR-4501House of Representatives
Latest legislative activity: Sep 26, 2019

Summary

Official Summary

Consumer Transaction Account Protection Act of 2019

This bill specifies that consumer transaction account deposits of an insured depository institution shall not be considered to be funds obtained through a deposit broker. In general, current law prohibits an insured depository institution that is not well capitalized from accepting funds obtained through a deposit broker for deposit.

Bill texts

Available versions
Introduced (House)View official text

1 version available

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Timeline

Latest companion bill action

S-3108: Consumer Transaction Account Protection Act of 2019

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

  1. Referred to the House Committee on Financial Services.

    House of Representatives

  2. Introduced in House

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