S 5345
117th Congress
Senate
Finance and Financial Sector
Consumer Transaction Account Protection Act of 2022
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 21, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 21, 2022
Introduced in Senate
Plain-English summary
Consumer Transaction Account Protection Act of 2022
This bill specifies that consumer transaction account deposits of an insured depository institution are not funds obtained through a deposit broker. In general, current law prohibits an insured depository institution that is not well capitalized from accepting for deposit funds obtained through a deposit broker.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1