DEPOSIT Act

referredUnited States· United States Congress· EN

Introduced

17 March 2023

Last action

17 March 2023 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Sen. Schiff, Adam B. [D-CA], Rep. Levin, Mike [D-CA-49], Rep. Gomez, Jimmy [D-CA-34], Rep. Takano, Mark [D-CA-39], Rep. McCollum, Betty [D-MN-4], Rep. Watson Coleman, Bonnie [D-NJ-12], Rep. Garamendi, John [D-CA-8], Rep. Mullin, Kevin [D-CA-15], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. McGovern, James P. [D-MA-2], Rep. Pingree, Chellie [D-ME-1], Rep. Goldman, Daniel S. [D-NY-10], Rep. Swalwell, Eric [D-CA-15], Rep. Evans, Dwight [D-PA-3], Rep. Boyle, Brendan F. [D-PA-2], Rep. Pocan, Mark [D-WI-2], Rep. Eshoo, Anna G. [D-CA-18], Rep. Carson, André [D-IN-7], Rep. Khanna, Ro [D-CA-17], Rep. Johnson, Henry C. "Hank" [D-GA-4], Rep. Payne, Donald M., Jr. [D-NJ-10], Rep. Lee, Barbara [D-CA-12], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Bonamici, Suzanne [D-OR-1], Rep. Beyer, Donald S. [D-VA-8], Rep. Cárdenas, Tony [D-CA-29], Rep. Frost, Maxwell [D-FL-10], Rep. Tlaib, Rashida [D-MI-12]

Subjects

Taxation

Source updated

5 December 2025

Taxation

Official source Download file View documents Share

Summary

Deliver Executive Profits On Seized Institutions to Taxpayers Act or the DEPOSIT Act This bill imposes an increased tax rate on bonuses paid after March 1, 2023, and profits from sales of bank stock received by highly-paid bank executives employed by failing banks that were closed and for which the Federal Deposit Insurance Corporation has been appointed conservator or receiver. The bill expresses the sense of the Congress that revenues from such increased taxes be returned to the Deposit Insurance Fund of the Federal Deposit Insurance Corporation.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

17 March 2023
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
17 March 2023
Introduced
Introduced in House
Source: IntroReferral
17 March 2023
Introduced
Introduced in House
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 17 March 2023 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 17 March 2023
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Introduced in House (PDF)
Introduced in House · EN · 17 March 2023
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Introduced in House
summary · EN · 17 March 2023
Open at official source
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Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
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Related records

related to → DEPOSIT Act

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/118th-congress/house-bill/1654
Open data entity: https://api.congress.gov/v3/bill/118/hr/1654
us · 118-hr-1654 · source updated 5 December 2025