To clarify exclusions from the definition of a deposit broker.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jan 30, 2019)
This bill excludes from the definition of "deposit broker" an entity that is an exclusive agent of an insurance company and an affiliated depository institution. Deposit brokers place, or facilitate the placement of, deposits in a depository institution. Generally, under current law, an insured depository institution that is not well capitalized may not accept funds obtained by or through any deposit broker for deposit. This bill excludes certain deposits from those restrictions.
What just happenedJan 30, 2019
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseJan 30, 2019
- Jan 30, 2019IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jan 30, 2019IntroReferralIntro-H
Introduced in House
- Jan 30, 2019IntroReferral1000
Introduced in House