Retail Checking Account Protection Act of 2016
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in house (Jul 7, 2016)
Retail Checking Account Protection Act of 2016
This bill amends the Federal Deposit Insurance Act to provide that the stable retail deposits of an insured depository institution shall not be considered to be funds obtained by or through a deposit broker. Currently, stable retail deposits are considered brokered deposits. As a result, those deposits are subject to restrictions applicable to other brokered deposits, such as prohibitions on undercapitalized banks accepting brokered deposits. This bill would exclude stable retail deposits from those restrictions.
What just happenedSep 27, 2016
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Who’s behind it
- Introduced in HouseJul 7, 2016
- Sep 27, 2016Committee
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Consumer Protection and Financial Institutions Subcommittee - Jul 7, 2016IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jul 7, 2016IntroReferralIntro-H
Introduced in House
- Jul 7, 2016IntroReferral1000
Introduced in House