HR 2793 · 115th Congress · Finance and Financial Sector

Consumer Transaction Account Protection Act of 2017

Introduced 2017-06-06· Sponsored by Rep. Williams, Roger [R-TX-25]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2017-06-06)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

2 Democrats
Rep. Moore, Gwen [D-WI-4]WI
Rep. Clay, Wm. Lacy [D-MO-1]MO