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.

USA115^th CongressHR-2793| House

| Updated: 6/6/2017

Consumer Transaction Account Protection Act of 2017 This bill amends the Federal Deposit Insurance Act to specify 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.

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Finance and Financial Sector

Bank accounts, deposits, capitalBanking and financial institutions regulation

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.

USA115^th CongressHR-2793| House

| Updated: 6/6/2017

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Roger Williams

Republican Representative

Texas

Cosponsors (2)

Wm. Lacy Clay (Democratic)Gwen Moore (Democratic)

Financial Services Committee

Finance and Financial Sector

Introduced
In Committee
On Floor
Passed Chamber
Enacted

Bank accounts, deposits, capitalBanking and financial institutions regulation

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.

Suggested Questions

Finance and Financial Sector

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.

Suggested Questions

Roger Williams

Financial Services Committee

Finance and Financial Sector

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.

Suggested Questions

Finance and Financial Sector

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.

Suggested Questions

Roger Williams

Financial Services Committee

Finance and Financial Sector