S 3111
116th Congress
Senate
Finance and Financial Sector
Bank accounts, deposits, capital
Banking and financial institutions regulation
Brokered Deposit Affiliate-Subsidiary Modernization Act of 2019
Introduced: December 19, 2019
See on congress.gov
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
Plain-English summary
Brokered Deposit Affiliate-Subsidiary Modernization Act of 2019
This bill excludes affiliates and subsidiaries of an insured depository institution from certain limitations applicable to brokered deposits. It also expands the definition of an employee of an insured depository institution, thereby exempting these individuals from treatment as a deposit broker.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1