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S 3962 116th Congress Senate Finance and Financial Sector

Asset Growth Restriction Act of 2020

Introduced: June 15, 2020 Introduced by: Moran, Jerry Republican · Kansas See on congress.gov
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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
Jun 15, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 15, 2020
Introduced in Senate
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 Plain-English summary Congressional Research Service

Asset Growth Restriction Act of 2020

This bill repeals restrictions related to brokered deposits and provides for asset growth restrictions applicable to insured depository institutions.

Brokered deposits are deposits made to an insured institution, such as a bank, through a third-party broker for investment purposes. Currently, only well-capitalized banks are allowed to solicit and accept brokered deposits, while institutions that are adequately capitalized may accept if granted a waiver. Undercapitalized banks are prohibited from accepting these deposits.

The bill repeals these brokered deposit restrictions and directs the Federal Deposit Insurance Corporation to establish limits on growth of average total assets for less than well-capitalized institutions to maintain their safety and soundness.

What's happening now June 15, 2020

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

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3962: Asset Growth Restriction Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-S-3962/
MLA
"S. 3962: Asset Growth Restriction Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-3962/.
Bluebook (legal)
S. 3962, 116th Cong. (2026), https://openamerica.io/bill/116-S-3962/.
Markdown link
[S. 3962: Asset Growth Restriction Act of 2020](https://openamerica.io/bill/116-S-3962/)
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