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To clarify exclusions from the definition of a deposit broker.
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vs 9,062 other HR bills in the 116th — cohort avg 39d
This bill excludes from the definition of "deposit broker" an entity that is an exclusive agent of an insurance company and an affiliated depository institution. Deposit brokers place, or facilitate the placement of, deposits in a depository institution. Generally, under current law, an insured depository institution that is not well capitalized may not accept funds obtained by or through any deposit broker for deposit. This bill excludes certain deposits from those restrictions.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (1)
2019 · fourth_quarter · Banking
Implementation and modification of P.L. 111-203, the Dodd-Frank Wall Street Reform and Consumer Protection Act. P.L. 113-279 and the Insurance Capital Standards Clarification Act of 2014, whose provisions relate to, among other things, capital and accounting standards regulation for insurance-based savings and loan holding companies and insurers. This includes efforts relating to a September 6, 2019 Federal Reserve Board invitation for public comment on a proposal to establish such capital standards. Monitoring development of regulatory reform legislation for banks, and insurers, including reform efforts impacting the thrift charter and treatment of brokered deposits. H.R. 907, to clarify the treatment of bank deposits generated through exclusive arrangement with independent contractor agents. Issues related to federal data security and breach notification standards for insurance and financial institutions. FDIC and its Notice of Proposed Rulemaking, related to the definition of deposit brokers as it applies to independent contractor agents. Federal Reserve Board's Notice of Proposed Rulemaking on capital rules for insurance companies significantly engaged in insurance (84 FR 67381).
Referred to the House Committee on Financial Services.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $530,000 · Firm income: Not reported
Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of
2019 · third_quarter · Banking
Implementation and modification of P.L. 111-203, the Dodd-Frank Wall Street Reform and Consumer Protection Act. P.L. 113-279 and the Insurance Capital Standards Clarification Act of 2014, whose provisions relate to, among other things, capital and accounting standards regulation for insurance-based savings and loan holding companies and insurers. This includes efforts relating to a September 6, 2019 Federal Reserve Board invitation for public comment on a proposal to establish such capital standards. Monitoring development of regulatory reform legislation for banks, and insurers, including reform efforts impacting the thrift charter and treatment of brokered deposits. H.R. 907, to clarify the treatment of bank deposits generated through exclusive arrangement with independent contractor agents. Issues related to federal data security and breach notification standards for insurance and financial institutions.
Client expense: $530,000 · Firm income: Not reported
Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of
2019 · second_quarter · Banking
Implementation and modification of P.L. 111-203, the Dodd-Frank Wall Street Reform and Consumer Protection Act. P.L. 113-279 and the Insurance Capital Standards Clarification Act of 2014, whose provisions related to, among other things, capital and accounting standards regulation for insurance-based savings and loan holding companies and insurers. Monitoring development of regulatory reform legislation for banks, and insurers, including reform efforts impacting the thrift charter and treatment of brokered deposits. H.R. 907, to clarify the treatment of bank deposits generated through exclusive arrangement with independent contractor agents. Issues related to federal data security and breach notification standards for insurance and financial institutions.
Client expense: $280,000 · Firm income: Not reported
Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of
2019 · first_quarter · Banking
Implementation and modification of P.L. 111-203, the Dodd-Frank Wall Street Reform and Consumer Protection Act. P.L. 113-279 and the Insurance Capital Standards Clarification Act of 2014, whose provisions related to, among other things, capital and accounting standards regulation for insurance-based savings and loan holding companies and insurers. Monitoring development of regulatory reform legislation for banks, and insurers, including reform efforts impacting the thrift charter and treatment of brokered deposits. H.R. 907, to clarify the treatment of bank deposits generated through exclusive arrangement with independent contractor agents. Issues related to federal data security and breach notification standards for insurance and financial institutions. Seek lawmaker engagement to secure recognition of U.S. system of insurance in any forum pursuing standards of insurance regulation.
Client expense: $640,000 · Firm income: Not reported
Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of