Bill116th CongressFiled Dec 19, 2019Finance and Financial Sector
S. 3108
Consumer Transaction Account Protection Act of 2019
Bill journey · stage 2 of 5
Under committee review
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CommitteeComm.
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Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Dec 19, 2019)
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.
What just happenedDec 19, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. Jones, Doug [D-AL](D-AL)Sponsor
2 cosponsors2 R
2cosponsors1committees2actions1related bills2subjects
- Introduced in SenateDec 19, 2019
- Dec 19, 2019IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Dec 19, 2019IntroReferral10000
Introduced in Senate