Lets smaller, financially strong banks accept more special deposits without extra rules.
This bill would change banking rules to help smaller, financially strong banks. It would let them accept certain custodial deposits from third parties, like retirement plans, without those deposits being labeled as 'brokered'. This could give these banks more funding options and make it easier for third parties to get deposit insurance.
Today, some custodial deposits are treated like 'brokered deposits,' which can limit how banks, especially those not financially strong, can use them. This bill would change that, allowing smaller, financially strong banks (those with less than $10 billion in assets) to accept these deposits, up to 20% of their total liabilities, without them being labeled as 'brokered.' However, banks that are not financially strong would face limits on the interest rates they can pay on these deposits.
HR 5317 · 119th Congress · September 11, 2025 · AI Summary by gemini-2.5-flash · 10/10
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4 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.