Skip to main content
H.R. 2403 115th Congress House

Keeping Capital Local for Underserved Communities Act of 2017

Official 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 … Show full official titleShow less

Official 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: May 8, 2017 Introduced by: Gwen Moore Democratic · Wisconsin See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalBanking and financial institutions regulationInterest, dividends, interest rates
Sign in to write a letter Sign in to watch
This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 8, 2017
Referred to the House Committee on Financial Services.
May 8, 2017
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.

 Latest action May 8, 2017

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Keeping Capital Local for Underserved Communities Act of 2017

This bill specifies that certain reciprocal deposits shall not be considered to be brokered deposits. (Brokered deposits are subject to additional regulatory requirements, including those related to liquidity.)

 Related & companion bills 2
  • S 2155 Economic Growth, Regulatory Relief, and Consumer Protection Act
  • S 1500 Keeping Capital Local for Underserved Communities Act of 2017
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 14
All 14 Democratic 7 Republican 4
D
Beyer, Donald S.
Virginia · Oct 24, 2017
 D
DeLauro, Rosa L.
Connecticut · Oct 24, 2017
 D
Blunt Rochester, Lisa
Delaware · Oct 12, 2017
 D
Cleaver, Emanuel
Missouri · May 8, 2017
 R
Emmer, Tom
Minnesota · May 8, 2017
 R
Hill, J. French
Arkansas · May 8, 2017
 R
Huizenga, Bill
Michigan · May 8, 2017
 R
Lucas, Frank D.
Oklahoma · May 8, 2017
 D
Meeks, Gregory W.
New York · May 8, 2017
Messer, Luke
· May 8, 2017
Pittenger, Robert
· May 8, 2017
 D
Pocan, Mark
Wisconsin · May 8, 2017
 D
Waters, Maxine
California · May 8, 2017
Zeldin, Lee
· May 8, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2403: Keeping Capital Local for Underserved Communities Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2403/
MLA
"H.R. 2403: Keeping Capital Local for Underserved Communities Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2403/.
Bluebook (legal)
H.R. 2403, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2403/.
Markdown link
[H.R. 2403: Keeping Capital Local for Underserved Communities Act of 2017](https://openamerica.io/bill/115-HR-2403/)
Report a problem