Status: In Progress. Latest action (May 21, 2026): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
This bill increases the amount insured depository institutions may accept as reciprocal deposits. (Reciprocal deposits are used by institutions to increase the availability of deposit insurance by splitting large deposits using a reciprocal network of institutions.) The bill creates a tiered system so that the allowable amount is based on the institution's total liabilities. Additionally, …
House vote May 20, 2026: On Motion to Suspend the Rules and Pass, as Amended — Passed.