S 3108 · 116th Congress 2019–2021, ended

Consumer Transaction Account Protection Act of 2019

Introduced Dec 19, 2019 Originated Senate Sponsor Doug Jones D-AL

Fact sheet

Latest action · Dec 19, 2019 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedDec 19, 2019
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

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.

Cosponsors 2

Members who signed on, in the order they did. All signed on Dec 19, 2019.

SeatCosponsorSigned on
R-GADavid PerdueOriginalDec 19, 2019
R-KSJerry MoranOriginalDec 19, 2019

Actions 2

Everything that happened, newest first.

  1. Dec 19, 2019Introduced in Senate
  2. Dec 19, 2019Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
HR 4501Consumer Transaction Account Protection Act of 2019Related billSep 26, 2019

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

  1. Dec 19, 2019Introduced in Senate

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.