H.R. 4116 · 114th Congress
To amend the Federal Deposit Insurance Act to ensure that the reciprocal deposits of an insured depository…
Full title
To amend the Federal Deposit Insurance Act to ensure that the reciprocal deposits of an insured depository institution are not considered to be funds obtained by or through a deposit broker, and for other purposes.
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
MooreSponsor17 cosponsors · 8 D, 9 R
R
Emmer
DH
D
Heck
BL
R
Luetkemeyer
MM
R
Mulvaney
EC
D
Cleaver
RP
R
Pittenger
SS
R
Stivers
JB
D
Beatty
RK
D
Kind
CM
D
Maloney
MW
D
Waters
BH
R
Huizenga
MP
D
Pocan
KS
D
Sinema
SD
R
Duffy
DS
R
Schweikert
MA
R
Amodei1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill amends the Federal Deposit Insurance Act with respect to the prohibition declaring that an insured depository institution that is not well-capitalized may not accept funds obtained, directly or indirectly, by or through any deposit broker for deposit into one or more deposit accounts.
What it does: CRS summary · Introduced in House · Nov 19, 2015
This bill amends the Federal Deposit Insurance Act with respect to the prohibition declaring that an insured depository institution that is not well-capitalized may not accept funds obtained, directly or indirectly, by or through any deposit broker for deposit into one or more deposit accounts.
Reciprocal deposits of an insured depository institution, however, shall not be considered to be prohibited broker deposits if:
- the composite condition of the institution at its most recent examination was adjudged either good or outstanding, or
- total reciprocal deposits of the institution do not exceed either $10 billion or 20% of its total liabilities.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Federal Deposit Insurance Act to ensure that the reciprocal deposits of an insured depository institution are not considered to be funds obtained by or through a deposit broker, and for other purposes.
Latest action (Sep 27, 2016): Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Nov 19, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.