Community Bank Deposit Access Act of 2019
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Sep 18, 2019)
Community Bank Deposit Access Act of 2019
This bill specifies that certain custodial deposits shall not be considered to be brokered deposits, which are subject to additional regulatory requirements, including those related to liquidity. The bill generally defines a custodial deposit as a deposit made by a certain entity serving as an agent, trustee, or custodian at an insured depository institution for the purpose of providing deposit insurance for the benefit of a third party.
What just happenedSep 18, 2019
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseSep 18, 2019
- Sep 18, 2019IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Sep 18, 2019IntroReferralIntro-H
Introduced in House
- Sep 18, 2019IntroReferral1000
Introduced in House