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United States · Bill · HR

H.R. 4116 (114th)

To amend the Federal Deposit Insurance Act to ensure that the reciprocal deposits of an insured depository institution are not considered to be funds obtained by or through a deposit broker, and for other purposes.

openUnited States· United States Congress· EN

Introduced

19 November 2015

Last action

27 September 2016 · Committee

Status

Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

Sponsors

Rep. Moore, Gwen [D-WI-4], Rep. Emmer, Tom [R-MN-6], Rep. Mulvaney, Mick [R-SC-5], Rep. Luetkemeyer, Blaine [R-MO-3], Rep. Heck, Denny [D-WA-10], Rep. Cleaver, Emanuel [D-MO-5], Rep. Pittenger, Robert [R-NC-9], Rep. Stivers, Steve [R-OH-15], Rep. Waters, Maxine [D-CA-43], Rep. Beatty, Joyce [D-OH-3], Rep. Kind, Ron [D-WI-3], Rep. Maloney, Carolyn B. [D-NY-12], Sen. Sinema, Kyrsten [I-AZ], Rep. Huizenga, Bill [R-MI-4], Rep. Pocan, Mark [D-WI-2], Rep. Duffy, Sean P. [R-WI-7], Rep. Schweikert, David [R-AZ-1], Rep. Amodei, Mark E. [R-NV-2]

Subjects

Discovery layer

Source updated

3 January 2025

Official sourceDownload fileView documentsShare

Summary

This bill amends the Federal Deposit Insurance Act with respect to the prohibition declaring that an insured depository institution that is not well-capitalized may not accept funds obtained, directly or indirectly, by or through any deposit broker for deposit into one or more deposit accounts. Reciprocal deposits of an insured depository institution, however, shall not be considered to be prohibited broker deposits if: the composite condition of the institution at its most recent examination was adjudged either good or outstanding, or total reciprocal deposits of the institution do not exceed either $10 billion or 20% of its total liabilities.

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

Timeline

  1. 19 November 2015

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 19 November 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 19 November 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 27 September 2016

    Committee

    Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 19 November 2015

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 19 November 2015

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 19 November 2015

    Open at official source

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Sponsors

Related records

Sources

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