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Keeping Deposits Local Act

11/7/2025, 7:41 PM

Summary of Bill HR 3234

H.R. 3234, introduced in the 119th Congress on May 7, 2025, aims to amend the Federal Deposit Insurance Act to adjust the threshold of reciprocal deposits held by an insured depository institution that are exempt from being classified as funds acquired through a deposit broker. The bill's primary focus is on modifying the treatment of these deposits and potentially altering related regulatory requirements within the banking sector.

Read the Full Bill

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Current Status of Bill HR 3234

Bill HR 3234 is currently in the status of Bill Introduced since May 7, 2025. Bill HR 3234 was introduced during Congress 119 and was introduced to the House on May 7, 2025.  Bill HR 3234's most recent activity was Placed on the Union Calendar, Calendar No. 314. as of November 4, 2025

Bipartisan Support of Bill HR 3234

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
36
Democrat Cosponsors
12
Republican Cosponsors
24
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 3234

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 3234

To amend the Federal Deposit Insurance Act to modify the amount of reciprocal deposits of an insured depository institution that are not considered to be funds obtained by or through a deposit broker, and for other purposes.
To amend the Federal Deposit Insurance Act to modify the amount of reciprocal deposits of an insured depository institution that are not considered to be funds obtained by or through a deposit broker, and for other purposes.

Comments

Lexi Coleman profile image

Lexi Coleman

450

6 months ago

I don't really care about this bill, but it seems like it's just changing some rules about how much money banks can move around without being called deposit brokers. It's whatever, I guess.

Sponsors and Cosponsors of HR 3234

Tom Emmer
Tom Emmer
MinnesotaRepublican
Daniel Meuser
Daniel Meuser
PennsylvaniaRepublican
Gwen Moore
Gwen Moore
WisconsinDemocrat
Joyce Beatty
Joyce Beatty
OhioDemocrat
Andy Barr
Andy Barr
KentuckyRepublican
Mike Flood
Mike Flood
NebraskaRepublican

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