[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3234 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 3234

  To amend the Federal Deposit Insurance Act to modify the amount of 
 reciprocal deposits of an insured depository institution that are not 
considered to be funds obtained by or through a deposit broker, and for 
                            other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 7, 2025

   Mr. Emmer (for himself, Mrs. Beatty, Mr. Meuser, and Ms. Moore of 
  Wisconsin) introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
  To amend the Federal Deposit Insurance Act to modify the amount of 
 reciprocal deposits of an insured depository institution that are not 
considered to be funds obtained by or through a deposit broker, and for 
                            other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. 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 (12 U.S.C. 
1831f(i)) is amended by striking paragraph (1) and inserting the 
following:
            ``(1) In general.--The sum of the following amounts of 
        reciprocal deposits of an agent institution shall not be 
        considered to be funds obtained, directly or indirectly, by or 
        through a deposit broker:
                    ``(A) An amount equal to 50 percent of the portion 
                of the total liabilities of the agent institution that 
                is less than or equal to $1,000,000,000.
                    ``(B) An amount equal to 40 percent of the portion, 
                if any, of the total liabilities of the agent 
                institution that is greater than $1,000,000,000, but 
                less than or equal to $10,000,000,000.
                    ``(C) An amount equal to 30 percent of the portion, 
                if any, of the total liabilities of the agent 
                institution that is greater than $10,000,000,000, but 
                less than or equal to $250,000,000,000.
                    ``(D) An amount equal to 20 percent of the portion, 
                if any, of the total liabilities of the agent 
                institution that is greater than $250,000,000,000, but 
                less than or equal to $1,000,000,000,000.
                    ``(E) An amount equal to 2 percent of the portion, 
                if any, of the total liabilities of the agent 
                institution that is greater than $1,000,000,000,000.''.

SEC. 2. DEFINITION OF AGENT INSTITUTION.

    Section 29(i)(2)(A)(i) of the Federal Deposit Insurance Act (12 
U.S.C. 1831f(i)(2)(A)(i)) is amended by striking subclause (I) and 
inserting the following:
                                    ``(I) when most recently examined 
                                under section 10(d) was assigned a 
                                CAMELS rating of 1, 2, or 3; and''.
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