Skip to main content
HR 4116 114th Congress House Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation

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…

Show full title

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.

Introduced: April 19, 2016 Introduced by: Moore, Gwen Democratic · Wisconsin See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 27, 2016
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Nov 19, 2015
Referred to the House Committee on Financial Services.
Nov 19, 2015
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

This bill amends the Federal Deposit Insurance Act with respect to the prohibition declaring that an insured depository institution that is not well-capitalized may not accept funds obtained, directly or indirectly, by or through any deposit broker for deposit into one or more deposit accounts.

Reciprocal deposits of an insured depository institution, however, shall not be considered to be prohibited broker deposits if:

  • the composite condition of the institution at its most recent examination was adjudged either good or outstanding, or
  • total reciprocal deposits of the institution do not exceed either $10 billion or 20% of its total liabilities.
What's happening now September 27, 2016

Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

 Related & companion bills 2
  • HR 5660 Related bill Retail Checking Account Protection Act of 2016
  • S 3373 Related bill A bill to amend the Federal Deposit Insurance Act to ensure that the reciprocal deposits of an insured depository insti…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 10
All 10 Democratic 4 Republican 4
R
Amodei, Mark E.
Nevada · Jun 7, 2016
Duffy, Sean
· Apr 19, 2016
 R
Schweikert, David
Arizona · Apr 19, 2016
 R
Huizenga, Bill
Michigan · Apr 12, 2016
 D
Pocan, Mark
Wisconsin · Apr 12, 2016
 D
Beatty, Joyce
Ohio · Mar 16, 2016
 D
Waters, Maxine
California · Mar 16, 2016
 D
Cleaver, Emanuel
Missouri · Feb 23, 2016
Pittenger, Robert
· Feb 23, 2016
 R
Emmer, Tom
Minnesota · Nov 19, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4116: 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.. 114th Congress. Open America. https://openamerica.io/bill/114-HR-4116/
MLA
"H.R. 4116: 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.." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-4116/.
Bluebook (legal)
H.R. 4116, 114th Cong. (2026), https://openamerica.io/bill/114-HR-4116/.
Markdown link
[H.R. 4116: 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.](https://openamerica.io/bill/114-HR-4116/)
Report a problem