Bill Sponsor
Senate Bill 3108
116th Congress(2019-2020)
Consumer Transaction Account Protection Act of 2019
Introduced
Introduced
Introduced in Senate on Dec 19, 2019
Overview
Text
Sponsor
Introduced
Dec 19, 2019
Latest Action
Dec 19, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3108
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
Alabama
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this 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.

Text (1)
December 19, 2019
Actions (2)
12/19/2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
12/19/2019
Introduced in Senate
Public Record
Record Updated
Oct 28, 2022 1:46:13 AM