3.0.0 4116 2023-01-11T13:29:20Z 2023-01-11T13:29:20Z House HR 2015-11-19 114 [Congressional Record Volume 161, Number 171 (Thursday, November 19, 2015)][Pages H8413-H8414]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. MOORE:H.R. 4116.[[Page H8414]]Congress has the power to enact this legislation pursuantto the following:Art. I, Sect. 8, Clause 3 ``to regulate commerce'']]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Hearings by 2016-09-27T19:54:28Z Referred to 2015-11-19T14:34:35Z Retail Checking Account Protection Act of 2016 114 5660 HR 2016-09-27 Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. Related bill CRS A bill to amend the Federal Deposit Insurance Act to ensure that the reciprocal deposits of an insured depository institution are not considered to be funds obtained by or through a deposit broker, and for other purposes. 114 3373 S 2016-09-21 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2016-09-27 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. Committee 2015-11-19 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2015-11-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-11-19 Introduced in House IntroReferral 1000 9 Library of Congress M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 N E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 2015-11-19 True M001182 Rep. Mulvaney, Mick [R-SC-5] Mick Mulvaney R SC 5 2016-02-02 False L000569 Rep. Luetkemeyer, Blaine [R-MO-3] Blaine Luetkemeyer R MO 3 2016-02-02 False H001064 Rep. Heck, Denny [D-WA-10] Denny Heck D WA 10 2016-02-02 False C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2016-02-23 False P000606 Rep. Pittenger, Robert [R-NC-9] Robert Pittenger R NC 9 2016-02-23 False S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2016-02-23 False W000187 Rep. Waters, Maxine [D-CA-43] MAXINE WATERS D CA 43 2016-03-16 False B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 2016-03-16 False K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2016-03-16 False M000087 Rep. Maloney, Carolyn B. [D-NY-12] CAROLYN MALONEY D NY B. 12 2016-03-16 False S001191 Rep. Sinema, Kyrsten [D-AZ-9] Kyrsten Sinema D AZ 9 2016-04-12 False H001058 Rep. Huizenga, Bill [R-MI-2] Bill Huizenga R MI 2 2016-04-12 False P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2016-04-12 False D000614 Rep. Duffy, Sean P. [R-WI-7] Sean Duffy R WI P. 7 2016-04-19 False S001183 Rep. Schweikert, David [R-AZ-6] David Schweikert R AZ 6 2016-04-19 False A000369 Rep. Amodei, Mark E. [R-NV-2] Mark Amodei R NV E. 2 2016-06-07 False Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Finance and Financial Sector 00 2015-11-19 Introduced in House 2016-03-30T21:26:30Z This bill amends the Federal Deposit Insurance Act with respect to the prohibition declaring that an insured depository institution that is not well-capitalized may not accept funds obtained, directly or indirectly, by or through any deposit broker for deposit into one or more deposit accounts.

Reciprocal deposits of an insured depository institution, however, shall not be considered to be prohibited broker deposits if:

  • the composite condition of the institution at its most recent examination was adjudged either good or outstanding, or
  • total reciprocal deposits of the institution do not exceed either $10 billion or 20% of its total liabilities.
]]> To amend the Federal Deposit Insurance Act to ensure that the reciprocal deposits of an insured depository institution are not considered to be funds obtained by or through a deposit broker, and for other purposes. Display Title To amend the Federal Deposit Insurance Act to ensure that the reciprocal deposits of an insured depository institution are not considered to be funds obtained by or through a deposit broker, and for other purposes. Official Title as Introduced To amend the Federal Deposit Insurance Act to ensure that the reciprocal deposits of an insured depository institution are not considered to be funds obtained by or through a deposit broker, and for other purposes. Introduced in House IH Introduced in House 2015-11-19T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr4116ih/xml/BILLS-114hr4116ih.xml 2016-09-27 Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.