US HB4501 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on September 26 2019 - 25% progression, died in committee
Action: 2019-09-26 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 26 2019 - 25% progression, died in committee
Action: 2019-09-26 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Consumer Transaction Account Protection Act of 2019
Sponsors
Rep. Roger Williams [R-TX] | Rep. Gwen Moore [D-WI] |
History
Date | Chamber | Action |
---|---|---|
2019-09-26 | House | Referred to the House Committee on Financial Services. |
2019-09-26 | House | Introduced in House |
Same As/Similar To
SB3108 (Related) 2019-12-19 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Subjects
Bank accounts, deposits, capital
Banking and financial institutions regulation
Finance and financial sector
Banking and financial institutions regulation
Finance and financial sector
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/4501/all-info |
Text | https://www.congress.gov/116/bills/hr4501/BILLS-116hr4501ih.pdf |