S. 5345 · 117th Congress · Senate

Consumer Transaction Account Protection Act of 2022

Active· Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced
Dec 21, 22
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.