3.0.0 5660 2023-01-11T13:33:28Z 2023-01-11T13:33:28Z House HR 2016-07-07 114 [Congressional Record Volume 162, Number 109 (Thursday, July 7, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. WILLIAMS:H.R. 5660.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 3 (``To regulate Commerce withforeign Nations, and among the several States, and with theIndian Tribes'')[Page H4549]]]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Hearings by 2016-09-27T19:57:07Z Referred to 2016-07-07T14:05:15Z 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 4116 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 2016-07-07 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2016-07-07 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-07-07 Introduced in House IntroReferral 1000 9 Library of Congress W000816 Rep. Williams, Roger [R-TX-25] Roger Williams R TX 25 N M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2016-07-07 True Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Finance and Financial Sector 00 2016-07-07 Introduced in House 2016-11-04T21:03:41Z Retail Checking Account Protection Act of 2016

This bill amends the Federal Deposit Insurance Act to provide that the stable retail deposits of an insured depository institution shall not be considered to be funds obtained by or through a deposit broker. Currently, stable retail deposits are considered brokered deposits. As a result, those deposits are subject to restrictions applicable to other brokered deposits, such as prohibitions on undercapitalized banks accepting brokered deposits. This bill would exclude stable retail deposits from those restrictions.

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Retail Checking Account Protection Act of 2016 Display Title Retail Checking Account Protection Act of 2016 Official Title as Introduced To amend the Federal Deposit Insurance Act to provide that the stable retail 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 Short Titles as Introduced Retail Checking Account Protection Act of 2016 Introduced in House 2016-07-07T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr5660ih/xml/BILLS-114hr5660ih.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.