HR. 3234In Committee
Keeping Deposits Local Act
Increases the amount insured depository institutions may accept as reciprocal deposits by tying limits to total liabilities and broadening qualifying CAMELS ratings
Plain-English overview
What this bill does
Increases the amount insured depository institutions may accept as reciprocal deposits by tying limits to total liabilities and broadening qualifying CAMELS ratings
Key points
- Amend CAMELS qualification ratings
- Establish liability based tiers
- Increase reciprocal deposit limits
Current status
Where it stands
Status
In Committee
Latest action
2026-05-21 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related context
Topics and policy areas
undefinedBank accounts, deposits, capitalBanking and financial institutions regulationFinance and Financial Sector