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Consumer Transaction Account Protection Act of 2019

USA116th CongressS-3108| Senate 
| Updated: 12/19/2019
Doug Jones

Doug Jones

Democratic Senator

Alabama

Cosponsors (2)
David Perdue (Republican)Jerry Moran (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Sep 26, 2019

Latest Companion Bill Action

HR 116-4501
Introduced in House
Dec 19, 2019
Introduced in Senate
Dec 19, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • September 26, 2019

    Latest Companion Bill Action

    HR 116-4501
    Introduced in House


  • December 19, 2019
    Introduced in Senate


  • December 19, 2019
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • HR 116-4501: Consumer Transaction Account Protection Act of 2019
Bank accounts, deposits, capitalBanking and financial institutions regulation

Consumer Transaction Account Protection Act of 2019

USA116th CongressS-3108| Senate 
| Updated: 12/19/2019
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.
View Full Text

Suggested Questions

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

Timeline
Sep 26, 2019

Latest Companion Bill Action

HR 116-4501
Introduced in House
Dec 19, 2019
Introduced in Senate
Dec 19, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • September 26, 2019

    Latest Companion Bill Action

    HR 116-4501
    Introduced in House


  • December 19, 2019
    Introduced in Senate


  • December 19, 2019
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Doug Jones

Doug Jones

Democratic Senator

Alabama

Cosponsors (2)
David Perdue (Republican)Jerry Moran (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 116-4501: Consumer Transaction Account Protection Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalBanking and financial institutions regulation