Summary: S.3111 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.3111. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (12/19/2019)

Brokered Deposit Affiliate-Subsidiary Modernization Act of 2019

This bill excludes affiliates and subsidiaries of an insured depository institution from certain limitations applicable to brokered deposits. It also expands the definition of an employee of an insured depository institution, thereby exempting these individuals from treatment as a deposit broker.