S 3111 · 116th Congress · Finance and Financial Sector
Brokered Deposit Affiliate-Subsidiary Modernization Act of 2019
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2019-12-19)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (4)
1 Democrat3 Republicans