Bill · S. 2757· Senate(119-S-2757)
Keeping Deposits Local Act
- Introduced
- 9/10/2025
- Last activity
- 9/10/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Mike Rounds
- Cosponsors
- - 2 - 2
- Introduced
- In Committee
What this bill would do
This bill, known as the "Keeping Deposits Local Act," seeks to amend the Federal Deposit Insurance Act. It focuses on modifying how much reciprocal deposits are counted as funds obtained through a deposit broker. The legislation changes the calculation of these amounts based on the total liabilities of an agent institution. It also updates the definition of an agent institution regarding its rating.
Yes
Does this make it easier to run a small business?+3
By adjusting how reciprocal deposits are counted, the bill may facilitate easier liquidity management for various sized depository institutions.
Would business owners be better off under this?+3
The changes to deposit classifications provide more specific parameters for financial institutions to manage their reciprocal deposits.
Is this likely to grow the economy?+2
The bill modifies deposit classification rules which may assist depository institutions in managing liabilities.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Modified Calculation of Reciprocal Deposits: The bill changes the sum of reciprocal deposits that are not considered funds obtained by or through a deposit broker based on tiers of total liabilities (Section 2). This modification shifts how these deposits are classified under the Federal Deposit Insurance Act.
-
Updated Agent Institution Rating: The bill changes the criteria for an agent institution to be defined by its rating, specifically moving to a system where they are "assigned a CAMELS rating of 1, 2, or 3" (Section 3).
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Small Business Support+3Improves Economic Growth+2
- Demographic And Interest Groups
- Good For Business Owners+3
- 11/19/2025
- 3 Cosponsors added.
- 9/10/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
Katie BrittRepublican · Alabama
Bernie MorenoRepublican · Ohio
Chris Van HollenDemocrat · Maryland
Mark WarnerDemocrat · Virginia