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S. 3111 116th Congress Senate

Brokered Deposit Affiliate-Subsidiary Modernization Act of 2019

Official title: A bill to amend the Federal Deposit Insurance Act to exclude affiliates and subsidiaries of insured depository institutions from the definition of deposit broker, and for other purposes.

Introduced: March 9, 2020 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

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Cotton, Tom
Arkansas · Mar 9, 2020
 R
Moran, Jerry
Kansas · Dec 19, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3111: Brokered Deposit Affiliate-Subsidiary Modernization Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-3111/
MLA
"S. 3111: Brokered Deposit Affiliate-Subsidiary Modernization Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-3111/.
Bluebook (legal)
S. 3111, 116th Cong. (2026), https://openamerica.io/bill/116-S-3111/.
Markdown link
[S. 3111: Brokered Deposit Affiliate-Subsidiary Modernization Act of 2019](https://openamerica.io/bill/116-S-3111/)
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