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- S.3108
S.3108: Consumer Transaction Account Protection Act of 2019
About This Bill
- Introduced Dec. 19, 2019
- Latest Major Action Dec. 19, 2019
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - Dec. 19, 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 |
---|---|
Dec. 19, 2019 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
Dec. 19, 2019 |
Introduced in the Senate by Doug Jones (D-Ala.) |