S 2757
Keeping Deposits Local Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 8:39 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Keeping Deposits Local Act modifies the Federal Deposit Insurance Act to change how reciprocal deposits are treated for purposes of determining whether they are considered funds obtained through deposit brokers. Specifically, it adjusts the percentage of certain deposits that are exempt from being categorized as broker-obtained funds, aiming to encourage local deposit placement. The bill also updates the criteria for designating an institution as an ‘agent institution’ based on its CAMELS rating, shifting the focus from ‘outstanding or good’ condition to a CAMELS rating of 1, 2, or 3.
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