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S. 1500 115th Congress Senate

Keeping Capital Local for Underserved Communities Act of 2017

Official title: A bill to amend the Federal Deposit Insurance Act to ensure that the reciprocal deposits of an insured depository institution are not considered to be funds ob… Show full official titleShow less

Official title: A bill 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: June 29, 2017 Introduced by: Mark R. Warner Democratic · Virginia See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalBanking and financial institutions regulationInterest, dividends, interest rates
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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
Jun 29, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 29, 2017
Introduced in Senate
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 Latest action June 29, 2017

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 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
  • HR 2403 Keeping Capital Local for Underserved Communities Act of 2017
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 1 Republican 5
R
Scott, Tim
South Carolina · Feb 5, 2018
 R
Capito, Shelley Moore
West Virginia · Sep 13, 2017
 R
Rounds, Mike
South Dakota · Sep 11, 2017
 R
Boozman, John
Arkansas · Jun 29, 2017
 R
Moran, Jerry
Kansas · Jun 29, 2017
 D
Van Hollen, Chris
Maryland · Jun 29, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1500: Keeping Capital Local for Underserved Communities Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-S-1500/
MLA
"S. 1500: Keeping Capital Local for Underserved Communities Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-1500/.
Bluebook (legal)
S. 1500, 115th Cong. (2026), https://openamerica.io/bill/115-S-1500/.
Markdown link
[S. 1500: Keeping Capital Local for Underserved Communities Act of 2017](https://openamerica.io/bill/115-S-1500/)
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