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- H.R.907
H.R.907: To clarify exclusions from the definition of a deposit broker.
About This Bill
- Introduced Jan. 30, 2019
- Latest Major Action Jan. 30, 2019
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in House - Jan. 30, 2019
Bill Summary
This bill excludes from the definition of "deposit broker" an entity that is an exclusive agent of an insurance company and an affiliated depository institution. Deposit brokers place, or facilitate the placement of, deposits in a depository institution. Generally, under current law, an insured depository institution that is not well capitalized may not accept funds obtained by or through any deposit broker for deposit. This bill excludes...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Jan. 30, 2019 |
Referred to the House Committee on Financial Services.
|
Jan. 30, 2019 |
Introduced in the House by Darin M. LaHood (R-Ill.) |