S 3108 · 116th Congress · Finance and Financial Sector

Consumer Transaction Account Protection Act of 2019

Introduced 2019-12-19· Sponsored by Sen. Jones, Doug [D-AL]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2019-12-19)

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 (2)

2 Republicans
Sen. Moran, Jerry [R-KS]KS
Sen. Perdue, David [R-GA]GA