H.R.3234

Keeping Deposits Local Act

Chamber Passed·5/21/26
Engrossed

H. R. 3234

May 7, 2025

Mr. Emmer (for himself, Mrs. Beatty, Mr. Meuser, and Ms. Moore of Wisconsin) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

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

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Amount of reciprocal deposits that are not considered to be funds obtained by or through a deposit broker.