HR 4501 · 116th Congress · Finance and Financial Sector

Consumer Transaction Account Protection Act of 2019

Introduced 2019-09-26· 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.(2019-09-26)

Plain Language Summary

[AI summary unavailable — showing source text] Consumer Transaction Account Protection Act of 2019 This bill specifies 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 (1)

1 Democrat
Rep. Moore, Gwen [D-WI-4]WI