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HR 3234 · introduced · significant

Keeping Deposits Local Act

What this bill does

  • Banks can accept larger deposits through insurance networks, with limits based on their size.
  • Community and regional banks are affected by new rules for accepting reciprocal deposits.
  • The bill expands eligibility to include banks with lower financial health ratings.

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Community Threads

Started by Cosponsor

  1. 01

    How would expanding reciprocal deposit insurance to lower-rated banks affect depositor safety and bank failure risk?

  2. 02

    Which community banks would benefit most from accepting larger deposits under this bill's size-based limits?

  3. 03

    What trade-offs exist between allowing smaller banks to grow deposits and maintaining financial system stability?

Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · R-MN-6

Tom Emmer

Citizen cosponsors

0

In Congress

11/ 435

House Reps cosponsoring

Introduced 2025-11-04

Joining the bill

Legislative timeline

  1. 2025-11-04 · house · Calendars

    Placed on the Union Calendar, Calendar No. 314.

  2. 2025-11-04 · house · Committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-362.

  3. 2025-11-04 · Committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-362.

  4. 2025-09-16 · house · Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.

  5. 2025-09-16 · house · Committee

    Committee Consideration and Mark-up Session Held

  6. 2025-05-07 · house · IntroReferral

    Referred to the House Committee on Financial Services.

  7. 2025-05-07 · IntroReferral

    Introduced in House

  8. 2025-05-07 · IntroReferral

    Introduced in House

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