{"bill":{"id":"119-hr-3234","congress":119,"type":"HR","number":3234,"title":"Keeping Deposits Local Act","originChamber":"House","introducedDate":"2025-05-07","sponsors":[{"bioguideId":"E000294","fullName":"Rep. Emmer, Tom [R-MN-6]","party":"R","state":"MN","district":6}],"cosponsorsCount":11,"latestAction":{"actionDate":"2026-05-21","text":"Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs."},"policyArea":"Finance and Financial Sector","subjects":["Bank accounts, deposits, capital","Banking and financial institutions regulation"],"actions":[{"date":"2026-05-21","text":"Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.","type":"IntroReferral","chamber":"Senate","hasVote":false},{"date":"2026-05-20","text":"Motion to reconsider laid on the table Agreed to without objection.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2026-05-20","text":"On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 405 - 0 (Roll no. 177).","type":"Floor","chamber":"House floor actions","hasVote":true},{"date":"2026-05-20","text":"Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 405 - 0 (Roll no. 177).","type":"Floor","chamber":"Library of Congress","hasVote":true},{"date":"2026-05-20","text":"Considered as unfinished business. (consideration: CR H3644-3645)","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2026-05-19","text":"At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2026-05-19","text":"DEBATE - The House proceeded with forty minutes of debate on H.R. 3234.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2026-05-19","text":"Considered under suspension of the rules. (consideration: CR H3582-3584; text: CR H3582)","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2026-05-19","text":"Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-11-04","text":"Placed on the Union Calendar, Calendar No. 314.","type":"Calendars","chamber":"House floor actions","hasVote":false},{"date":"2025-11-04","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-362.","type":"Committee","chamber":"House floor actions","hasVote":false},{"date":"2025-11-04","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-362.","type":"Committee","chamber":"Library of Congress","hasVote":false},{"date":"2025-09-16","text":"Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-09-16","text":"Committee Consideration and Mark-up Session Held","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-05-07","text":"Referred to the House Committee on Financial Services.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-05-07","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2025-05-07","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":"<p>This bill increases the amount insured depository&nbsp;institutions may accept as reciprocal deposits. (Reciprocal deposits are used by institutions to increase the availability of deposit insurance by splitting large deposits using a reciprocal network of institutions.) The bill creates a tiered system so that the allowable amount is based on the institution's total liabilities.</p><p>Additionally, the bill changes certain qualifications insured depository institutions may be required to have to accept reciprocal deposits. Under current law, institutions&nbsp;may qualify by having a composite rating of outstanding or good, among other requirements. The bill allows institutions with a 1, 2, or 3 rating under the CAMELS scale to qualify. (The Uniform Financial Institutions Rating System uses the characteristics of capital adequacy, asset quality, management, earnings, liquidity, and sensitivity to market risk (i.e., CAMELS ratings) to rate the health of financial institutions, with a 1 indicating the highest rating and least degree of supervisory concern and a 5  indicating the lowest rating and highest degree of supervisory concern.)</p>","updateDate":"2026-09-19T23:41:03Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":1006,"ts":"2026-10-13T16:50:17.349Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"https://simplefunctions.dev/api/public/query-gov?q=Keeping%20Deposits%20Local%20Act"}]}}