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H.R. 5660 114th Congress House

Retail Checking Account Protection Act of 2016

Official title: To amend the Federal Deposit Insurance Act to provide that the stable retail deposits of an insured depository institution are not considered to be funds obtai… Show full official titleShow less

Official title: To amend the Federal Deposit Insurance Act to provide that the stable retail deposits of an insured depository institution are not considered to be funds obtained by or through a deposit broker, and for other purposes.

Introduced: July 7, 2016 Introduced by: Roger Williams Republican · Texas See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalBanking and financial institutions regulation
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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.
Jul 7, 2016
Referred to the House Committee on Financial Services.
Jul 7, 2016
Introduced in House
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 Latest action September 27, 2016

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

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 2
  • HR 4116 To amend the Federal Deposit Insurance Act to ensure that the reciprocal deposits of an insured depository institution …
  • S 3373 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 1
All 1 Democratic 1
D
Moore, Gwen
Wisconsin · Jul 7, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5660: Retail Checking Account Protection Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-HR-5660/
MLA
"H.R. 5660: Retail Checking Account Protection Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-5660/.
Bluebook (legal)
H.R. 5660, 114th Cong. (2026), https://openamerica.io/bill/114-HR-5660/.
Markdown link
[H.R. 5660: Retail Checking Account Protection Act of 2016](https://openamerica.io/bill/114-HR-5660/)
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