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U.S. GOVERNMENT
INFORMATION 4
119TH CONGRESS REPORT
1st Session J HOUSE OF REPRESENTATIVES 119-362
KEEPING DEPOSITS LOCAL ACT
NOVEMBER 4, 2025.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. HILL of Arkansas, from the Committee on Financial Services,
submitted the following
REPORT
[To accompany H.R. 3234]
The Committee on Financial Services, to whom was referred the
bill (H.R. 3234) to amend the Federal Deposit Insurance Act to
modify the amount of reciprocal deposits of an insured depository
institution that are not considered to be funds obtained by or
through a deposit broker, and for other purposes, having consid-
ered the same, reports favorably thereon with an amendment and
recommends that the bill as amended do pass.
CONTENTS
Page
Purpose and Sum m ary ........................................................................................... . 2
Background and Need for Legislation .................................................................... 2
Com m ittee Consideration ........................................................................................ 3
R elated H earings ..................................................................................................... 3
C om m ittee V otes ..................................................................................................... 4
Com m ittee Oversight Findings ............................................................................... 6
Perform ance Goals and Objectives ......................................................................... 6
Com m ittee Cost Estim ate ....................................................................................... 6
New Budget Authority and CBO Cost Estimate ................................................... 6
Unfunded M andates Statem ent .............................................................................. 6
E arm ark Statem ent ................................................................................................. 6
Federal Advisory Committee Act Statement ......................................................... 7
Applicability to the Legislative Branch ................................................................. 7
Duplication of Federal Program s ............................................................................ 7
Section-by-Section Analysis of the Legislation ...................................................... 7
Changes in Existing Law Made by the Bill, as Reported ................. 8
Documents included by Unanimous Consent ........................................................ 13
The amendment is as follows:
Strike all after the enacting clause and insert the following:
SECTION 1. SHORT TITLE.
This Act may be cited as the Keeping Deposits Local Act.
69-006](ViewImageLocal?handle=hein.congrecreports/crptxahuu0001&div=1&collection=&method=preview&ext=.png&size=3)