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S. 3108 116th Congress Senate

Consumer Transaction Account Protection Act of 2019

Official title: A bill to amend the Federal Deposit Insurance Act to provide that the consumer transaction account deposits of an insured depository institution are not consid… Show full official titleShow less

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

Introduced: December 19, 2019 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 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Dec 19, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 19, 2019
Introduced in Senate
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 Latest action December 19, 2019

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

 Plain-English summary Congressional Research Service

Consumer Transaction Account Protection Act of 2019

This bill specifies that consumer transaction account deposits of an insured depository institution shall not be considered to be funds obtained through a deposit broker. In general, current law prohibits an insured depository institution that is not well capitalized from accepting funds obtained through a deposit broker for deposit.

 Related & companion bills 1
  • HR 4501 Consumer Transaction Account Protection Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Moran, Jerry
Kansas · Dec 19, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3108: Consumer Transaction Account Protection Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-3108/
MLA
"S. 3108: Consumer Transaction Account Protection Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-3108/.
Bluebook (legal)
S. 3108, 116th Cong. (2026), https://openamerica.io/bill/116-S-3108/.
Markdown link
[S. 3108: Consumer Transaction Account Protection Act of 2019](https://openamerica.io/bill/116-S-3108/)
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