Keeping Deposits Local Act
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, Keeping Deposits Local Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Transportation.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section id002c1f5d0f9d4788a0fa3b74e38a34fb: 1. Short title This Act may be cited as the Keeping Deposits Local Act.
- Section H8C28753C98274AB5A3C4C82E601D42D4: 2. Amount of reciprocal deposits that are not considered to be funds obtained by or through a deposit broker Section 29(i) of the Federal Deposit Insurance Act...
- Section HD412AC2E221B4470B20392909765A4B8: 3. Definition of Agent Institution Section 29(i)(2)(A)(i)(I) of the Federal Deposit Insurance Act (12 U.S.C. 1831f(i)(2)(A)(i)(I)) is amended by striking found...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, Keeping Deposits Local Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Transportation
Primary Purpose
This bill, Keeping Deposits Local Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
In CommitteeMr. Rounds (for himself and Mr. Warner) introduced the following …
Read twice and referred to the Committee on Banking, Housing, …
Introduced in Senate
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology