US HB4501 | 2019-2020 | 116th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on September 26 2019 - 25% progression
Action: 2019-09-26 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Consumer Transaction Account Protection Act of 2019 This bill specifies that consumer transaction account deposits of an insured depository institution shall not be considered to be funds obtained through a deposit broker. In general, current law prohibits an insured depository institution that is not well capitalized from accepting funds obtained through a deposit broker for deposit.

Tracking Information

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Title

Consumer Transaction Account Protection Act of 2019

Sponsors


History

DateChamberAction
2019-09-26HouseReferred to the House Committee on Financial Services.
2019-09-26HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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