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- S.3111
S.3111: Brokered Deposit Affiliate-Subsidiary Modernization 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 Cosponsors
4 (1 Democrat, 3 Republicans)
Bill Version
- Introduced in Senate - Dec. 19, 2019
Bill Summary
Brokered Deposit Affiliate-Subsidiary Modernization Act of 2019 This bill excludes affiliates and subsidiaries of an insured depository institution from certain limitations applicable to brokered deposits. It also expands the definition of an employee of an insured depository institution, thereby exempting these individuals from treatment as a deposit broker.
(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 David Perdue (R-Ga.) |