S. 5345 · 117th Congress
Consumer Transaction Account Protection Act of 2022
- Stage
- In committee
- Sponsor
- Jerry Moran
- Introduced
- 2022-12-21
- Latest action
- 2022-12-21 · Introduced in Senate
Summary
Consumer Transaction Account Protection Act of 2022
This bill specifies that consumer transaction account deposits of an insured depository institution are not funds obtained through a deposit broker. In general, current law prohibits an insured depository institution that is not well capitalized from accepting for deposit funds obtained through a deposit broker.