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- H.R.4501
H.R.4501: Consumer Transaction Account Protection Act of 2019
About This Bill
- Introduced Sept. 26, 2019
- Latest Major Action Sept. 26, 2019
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in House - Sept. 26, 2019
Bill Summary
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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Sept. 26, 2019 |
Referred to the House Committee on Financial Services.
|
| Sept. 26, 2019 |
Introduced in the House by Roger Williams (R-Texas) |