Retail Checking Account Protection Act of 2016

Summary

Retail Checking Account Protection Act of 2016 This bill amends the Federal Deposit Insurance Act to provide that the stable retail deposits of an insured depository institution shall not be considered to be funds obtained by or through a deposit broker. Currently, stable retail deposits are considered brokered deposits. As a result, those deposits are subject to restrictions applicable to other brokered deposits, such as prohibitions on undercapitalized banks accepting brokered deposits. This bill would exclude stable retail deposits from those restrictions.

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

Timeline

1. 7 July 2016

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 7 July 2016

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 July 2016

   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

• Introduced in House · 7 July 2016 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 July 2016

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 7 July 2016

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 7 July 2016

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Williams, Roger [R-TX-25] · R · Sponsor
• Rep. Moore, Gwen [D-WI-4] · D · Sponsor
• · hsba00 · Standing

Related records

• related to → 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.
• related to ← A bill 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.