Keeping Deposits Local Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 5
- Latest action
- Sep 10, 2025
What it does
The Keeping Deposits Local Act would amend the Federal Deposit Insurance Act to increase the amount of reciprocal deposits that insured depository institutions can hold without those deposits being classified as brokered funds, thereby allowing banks to retain more local deposits through reciprocal arrangements. It affects insured depository institutions by adjusting the thresholds and percentages applied to their total liabilities to determine what portion of reciprocal deposits is exempt from brokered deposit rules, with higher liability tiers receiving lower exemption percentages. The bill also updates the definition of an "agent institution" to replace the subjective "outstanding or…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.