S. 3111 · 116th Congress
Brokered Deposit Affiliate-Subsidiary Modernization Act of 2019
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
PerdueSponsor4 cosponsors · 1 D, 3 R
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Brokered Deposit Affiliate-Subsidiary Modernization Act of 2019
What it does: CRS summary · Introduced in Senate · Dec 19, 2019
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Brokered Deposit Affiliate-Subsidiary Modernization Act of 2019
Latest action (Dec 19, 2019): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Dec 19, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.