US SB3108 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on December 19 2019 - 25% progression, died in committee
Action: 2019-12-19 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 19 2019 - 25% progression, died in committee
Action: 2019-12-19 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Specifies that consumer transaction account deposits of an insured depository institution shall not be considered to be funds obtained through a deposit broker. In general, current law prohibits an insured depository institution that is not well capitalized from accepting funds obtained through a deposit broker for deposit.
Title
Consumer Transaction Account Protection Act of 2019
Sponsors
Sen. Doug Jones [D-AL] | Sen. Jerry Moran [R-KS] | Sen. David Perdue [R-GA] |
History
Date | Chamber | Action |
---|---|---|
2019-12-19 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB4501 (Related) 2019-09-26 - Referred to the House Committee on Financial Services.
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/3108/all-info |
Text | https://www.congress.gov/116/bills/s3108/BILLS-116s3108is.pdf |