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Easing Rules for Local Banks to Secure Large Insured Deposits.

This Act aims to enhance the financial stability of smaller and medium-sized banks by relaxing rules on reciprocal deposits. By increasing the amount of these deposits exempt from strict brokered deposit regulations, banks can more easily secure large, insured funds from entities like businesses or municipalities. This change supports bank liquidity and their capacity for local lending, but only applies to institutions deemed financially sound.
Key points
Increases the limits on reciprocal deposits that banks can accept without them being classified as stricter "brokered deposits."
The change primarily benefits local and regional banks, helping them maintain stable funding and support local economic activity.
Requires banks utilizing this flexibility to maintain a strong financial health rating (CAMELS rating 1, 2, or 3).
Mandates the FDIC to conduct a comprehensive study on the performance, benefits, and potential risks of reciprocal deposits.
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Status:
Placed on Calendar
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Additional Information
Keeping Deposits Local Act
Print number: HR 3234
Sponsor: Rep. Emmer, Tom [R-MN-6]
Process start date: 2025-05-07
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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Summary & Status

Key Questions about Easing Rules for Local Banks to Secure Large Insured Deposits.

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 3234.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-05-07.

What are the main provisions?

Key points include:

  • Increases the limits on reciprocal deposits that banks can accept without them being classified as stricter "brokered deposits."
  • The change primarily benefits local and regional banks, helping them maintain stable funding and support local economic activity.
  • Requires banks utilizing this flexibility to maintain a strong financial health rating (CAMELS rating 1, 2, or 3).
  • Mandates the FDIC to conduct a comprehensive study on the performance, benefits, and potential risks of reciprocal deposits.

What is the specific legal status?

The current status is Placed on Calendar.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Emmer, Tom [R-MN-6].

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 314.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

Analysis and Potential Impact of HR 3234

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CATEGORIES

Economy