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- H.R.5660
H.R.5660: Retail Checking Account Protection Act of 2016
About This Bill
- Introduced July 7, 2016
- Latest Major Action Sept. 27, 2016
Bill Sponsor
Bill Cosponsor
Bill Summary
Retail Checking Account Protection Act of 2016 This bill amends the Federal Deposit Insurance Act to provide that the stable retail deposits of an insured depository institution shall not be considered to be funds obtained by or through a deposit broker. Currently, stable retail deposits are considered brokered deposits. As a result, those deposits are subject to restrictions applicable to other brokered deposits, such as prohibitions on...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Sept. 27, 2016 |
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
|
| July 7, 2016 |
Referred to the House Committee on Financial Services.
|
| July 7, 2016 |
Introduced in the House by Roger Williams (R-Texas) |