Brokered Deposit Affiliate-Subsidiary Modernization Act of 2019
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.
- IntroducedDec 19, 2019
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Dec 19, 2019 to Mar 9, 2020, with 2 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-AL | Doug Jones | Original | Dec 19, 2019 |
| R-KS | Jerry Moran | Original | Dec 19, 2019 |
| R-NE | Ben Sasse | Mar 2, 2020 | |
| R-AR | Tom Cotton | Mar 9, 2020 |
Actions 2
Everything that happened, newest first.
- Dec 19, 2019Introduced in Senate
- Dec 19, 2019Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Dec 19, 2019Introduced in Senate
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.
