S 1500
115th Congress
Senate
Finance and Financial Sector
Bank accounts, deposits, capital
Banking and financial institutions regulation
Interest, dividends, interest rates
Keeping Capital Local for Underserved Communities Act of 2017
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
Plain-English summary
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.)
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1