US SB3111 | 2019-2020 | 116th Congress
Status
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: Introduced on December 19 2019 - 25% progression, died in committee
Action: 2019-12-19 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 19 2019 - 25% progression, died in committee
Action: 2019-12-19 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Brokered Deposit Affiliate-Subsidiary Modernization Act of 2019
Sponsors
| Sen. David Perdue [R-GA] | Sen. Doug Jones [D-AL] | Sen. Jerry Moran [R-KS] | Sen. Ben Sasse [R-NE] |
| Sen. Tom Cotton [R-AR] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-12-19 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/3111/all-info |
| Text | https://www.congress.gov/116/bills/s3111/BILLS-116s3111is.pdf |
