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    <number>6866</number>
    <updateDate>2023-01-11T13:41:30Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:41:30Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <type>HR</type>
    <introducedDate>2018-09-24</introducedDate>
    <congress>115</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 164, Number 157 (Monday, September 24, 2018)]From the Congressional Record Online through the Government Publishing Office [<a href='http://www.gpo.gov'>www.gpo.gov</a>]By Mr. LaHOOD:H.R. 6866.Congress has the power to enact this legislation pursuantto the following:ARTICLE I, SECTION 8, CLAUSE 18The Congress shall have Power To . . . make all Laws whichshall be necessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.____________________[Page H8742]</pre>]]></constitutionalAuthorityStatementText>
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        <systemCode>hsba00</systemCode>
        <name>Financial Services Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
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            <name>Referred to</name>
            <date>2018-09-24T14:30:25Z</date>
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      <item>
        <actionDate>2018-09-24</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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        <text>Introduced in House</text>
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        <actionDate>2018-09-24</actionDate>
        <text>Introduced in House</text>
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          <code>9</code>
          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>L000585</bioguideId>
        <fullName>Rep. LaHood, Darin [R-IL-18]</fullName>
        <firstName>Darin</firstName>
        <lastName>LaHood</lastName>
        <party>R</party>
        <state>IL</state>
        <district>18</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>B001286</bioguideId>
        <fullName>Rep. Bustos, Cheri [D-IL-17]</fullName>
        <firstName>Cheri</firstName>
        <lastName>Bustos</lastName>
        <party>D</party>
        <state>IL</state>
        <district>17</district>
        <sponsorshipDate>2018-09-24</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>D000619</bioguideId>
        <fullName>Rep. Davis, Rodney [R-IL-13]</fullName>
        <firstName>Rodney</firstName>
        <lastName>Davis</lastName>
        <party>R</party>
        <state>IL</state>
        <district>13</district>
        <sponsorshipDate>2018-10-05</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Bank accounts, deposits, capital</name>
        </item>
        <item>
          <name>Banking and financial institutions regulation</name>
        </item>
        <item>
          <name>Insurance industry and regulation</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Finance and Financial Sector</name>
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    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2018-09-24</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2019-08-23T13:41:41Z</updateDate>
        <text><![CDATA[ <p>This bill excludes from the definition of "deposit broker" an entity that is an exclusive agent of an insurance company and an affiliated depository institution. Deposit brokers place, or facilitate the placement of, deposits in a depository institution. Generally, under current law, an insured depository institution that is not well capitalized may not accept funds obtained by or through any deposit broker for deposit. This bill excludes certain deposits from those restrictions. </p>]]></text>
      </summary>
    </summaries>
    <title>To clarify exclusions from the definition of a deposit broker.</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>To clarify exclusions from the definition of a deposit broker.</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To clarify exclusions from the definition of a deposit broker.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
    </titles>
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      <item>
        <type>Introduced in House</type>
        <date>2018-09-24T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-115hr6866ih/xml/BILLS-115hr6866ih.xml</url>
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        </formats>
      </item>
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    <latestAction>
      <actionDate>2018-09-24</actionDate>
      <text>Referred to the House Committee on Financial Services.</text>
    </latestAction>
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    <dc:language>EN</dc:language>
    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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