In CommitteeFiled May 7, 2025
Sponsor: Rep. Emmer, Tom [R-MN-6] (R)
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 21, 2026
Summary
The bill changes the Federal Deposit Insurance Act so that a larger share of a bank’s reciprocal deposits are not treated as funds obtained through a deposit broker. It applies a sliding‑scale percentage based on the size of a bank’s total liabilities and limits the rule to well‑rated institutions. This could keep more deposits within local banks and reduce regulatory burdens on larger, financially sound banks.
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