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United States · Bill · S

S. 3111 (116th)

Brokered Deposit Affiliate-Subsidiary Modernization Act of 2019

referredUnited States· United States Congress· EN

Introduced

19 December 2019

Last action

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Subjects

Discovery layer

Source updated

7 April 2025

Summary

Brokered Deposit Affiliate-Subsidiary Modernization Act of 2019 This bill excludes affiliates and subsidiaries of an insured depository institution from certain limitations applicable to brokered deposits. It also expands the definition of an employee of an insured depository institution, thereby exempting these individuals from treatment as a deposit broker.

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Documents

3 official files

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Sources

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