United States · Bill · HR
H.R. 5660 (114th)
Retail Checking Account Protection Act of 2016
Introduced
7 July 2016
Last action
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Status
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Sponsors
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Subjects
Discovery layer
Source updated
12 August 2025
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.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 7 July 2016
Introduced in House (PDF)
Introduced in House · EN · 7 July 2016
Introduced in House
summary · EN · 7 July 2016
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/114th-congress/house-bill/5660
- Open data entity: https://api.congress.gov/v3/bill/114/hr/5660