S 5345 · 117th Congress · Finance and Financial Sector

Consumer Transaction Account Protection Act of 2022

Introduced 2022-12-21· Sponsored by Sen. Moran, Jerry [R-KS]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2022-12-21)

Plain Language Summary

[AI summary unavailable — showing source text] Consumer Transaction Account Protection Act of 2022 This bill specifies that consumer transaction account deposits of an insured depository institution are not funds obtained through a deposit broker. In general, current law prohibits an insured depository institution that is not well capitalized from accepting for deposit funds obtained through a deposit broker.…

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