Brokered Deposit Affiliate-Subsidiary Modernization Act of 2019

2019-12-19

Introduced in Senate

Brokered Deposit Affiliate-Subsidiary Modernization Act of 2019

This bill excludes affiliates and subsidiaries of an insured depository institution from certain limitations applicable to brokered deposits. It also expands the definition of an employee of an insured depository institution, thereby exempting these individuals from treatment as a deposit broker.

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