SecBot SecBot

Keeping Deposits Local Act

S. 2757 Sen. Mike Rounds (R-SD) In committee
Bill text PDF
  1. Introduced Sep 10
  2. Committee Sep 10
  3. Passed Senate Next
  4. Passed House Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Sep 10, 2025Next: Senate vote
413d ago Sep 10, 2025: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
1company, 3 filings
Subscribe to see spend
Member trades
0trades in the last 90 days
None in these companies
Who backs the bill and who pushes back Subscribe

Companies lobbying on this bill

1 company
Companies by sector
Financials 1
Search all 1 companies, their asks and price moves Subscribe

Summary

This bill amends the Federal Deposit Insurance Act to change how much of an insured depository institution's reciprocal deposits are not treated as funds obtained through a deposit broker. It updates the calculation based on the institution's total liabilities.

Sec. 2, Amount of reciprocal deposits not considered broker funds: The bill replaces the current rule with a sliding scale. For an agent institution, the amount of reciprocal deposits not considered broker funds is: 50% of total liabilities up to $1 billion; 40% of liabilities between $1 billion and $10 billion; 30% of liabilities between $10 billion and $250 billion; 20% of liabilities between $250 billion and $1 trillion; and 2% of liabilities over $1 trillion.

Sec. 3, Definition of agent institution: The bill changes the condition for an agent institution from having a composite condition of outstanding or good to being assigned a CAMELS rating of 1, 2, or 3.

Summary of the bill text as introduced in Senate (Sep 10, 2025), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 28, 2026.