Keeping Capital Local for Underserved Communities Act of 2017

Fact Sheet API

Bill Number

S 1500

Introduced

Jun 29, 2017

Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsor

Cosponsors

Topics

Bank accounts, deposits, capital Banking and financial institutions regulation Finance and Financial Sector Interest, dividends, interest rates

Full Text

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Votes

Summary

Keeping Capital Local for Underserved Communities Act of 2017

This bill specifies that certain reciprocal deposits shall not be considered to be brokered deposits. (Brokered deposits are subject to additional regulatory requirements, including those related to liquidity.)

Actions

Jun 29, 2017

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 29, 2017

Introduced in Senate

Amendments

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