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Consumer Transaction Account Protection Act of 2019
10/28/2022, 1:46 AM
Congressional Summary of S 3108
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.
Read the Full Bill
Current Status of Bill S 3108
Bill S 3108 is currently in the status of Bill Introduced since December 19, 2019. Bill S 3108 was introduced during Congress 116 and was introduced to the Senate on December 19, 2019. Bill S 3108's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of December 19, 2019
Bipartisan Support of Bill S 3108
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
0Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3108
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
Alternate Title(s) of Bill S 3108
Consumer Transaction Account Protection Act of 2019
Consumer Transaction Account Protection Act of 2019
A bill to amend the Federal Deposit Insurance Act to provide that the consumer transaction account deposits of an insured depository institution are not considered to be funds obtained by or through a deposit broker, and for other purposes.
Comments
Sponsors and Cosponsors of S 3108
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