HR 3234 119th Congress
Keeping Deposits Local Act
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.
Official Title as Introduced Congress.gov
Open official Congress.gov recordSource-linked procedural record
Bill journey
This is a chronology, not a progress score. Politically.com does not classify stages or infer what comes next. Records sharing a date are grouped because not every source field supplies a time.
Congress.gov Recently refreshed
U.S. Senate XML Recently refreshed
-
Introduction Congress.gov
Introduced
Introduced in the House.
Open bill recordOfficial action Congress.gov
Referred to the House Committee on Financial Services.
Open bill recordOfficial action Congress.gov
Introduced in House
Open bill recordOfficial action Congress.gov
Introduced in House
Open bill recordText version Congress.gov
Introduced in House
A dated text-version record is available.
Open text record -
Official action Congress.gov
Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.
Open bill recordOfficial action Congress.gov
Committee Consideration and Mark-up Session Held
Open bill record -
Official action Congress.gov
Placed on the Union Calendar, Calendar No. 314.
Open bill recordOfficial action Congress.gov
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-362.
Open bill recordOfficial action Congress.gov
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-362.
Open bill recordText version Congress.gov
Reported in House
A dated text-version record is available.
Open text record -
Official action Congress.gov · 5:02 pm UTC
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Open bill recordOfficial action Congress.gov · 5:02 pm UTC
Considered under suspension of the rules. (consideration: CR H3582-3584; text: CR H3582)
Open bill recordOfficial action Congress.gov · 5:02 pm UTC
DEBATE - The House proceeded with forty minutes of debate on H.R. 3234.
Open bill recordOfficial action Congress.gov · 5:17 pm UTC
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Open bill record -
Text version Congress.gov
Engrossed in House
A dated text-version record is available.
Open text recordOfficial action Congress.gov · 1:04 pm UTC
Considered as unfinished business. (consideration: CR H3644-3645)
Open bill recordOfficial action Congress.gov · 1:08 pm UTC
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 405 - 0 (Roll no. 177).
Open bill recordOfficial action Congress.gov · 1:08 pm UTC
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 405 - 0 (Roll no. 177).
Open bill recordOfficial action Congress.gov · 1:08 pm UTC
Motion to reconsider laid on the table Agreed to without objection.
Open bill recordHouse roll call Congress.gov · 5:07 pm UTC
House roll 177
On Motion to Suspend the Rules and Pass, as Amended
Open House roll call -
Official action Congress.gov
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Open bill recordText version Congress.gov
Referred in Senate
A dated text-version record is available.
Open text record
View the complete bill journey as an accessible table
| Date and time | Record | Official detail | Source |
|---|---|---|---|
| IntroductionIntroduced | Introduced in the House. | Congress.gov | |
| Official actionReferred to the House Committee on Financial Services. | No additional detail supplied.IntroReferral · House floor actions · Code H11100 | Congress.gov | |
| Official actionIntroduced in House | No additional detail supplied.IntroReferral · Library of Congress · Code Intro-H | Congress.gov | |
| Official actionIntroduced in House | No additional detail supplied.IntroReferral · Library of Congress · Code 1000 | Congress.gov | |
| Text versionIntroduced in House | A dated text-version record is available. | Congress.gov | |
| Official actionOrdered to be Reported (Amended) by the Yeas and Nays: 51 - 0. | No additional detail supplied.Committee · House committee actions · Code H19000 | Congress.gov | |
| Official actionCommittee Consideration and Mark-up Session Held | No additional detail supplied.Committee · House committee actions · Code H15001 | Congress.gov | |
| Official actionPlaced on the Union Calendar, Calendar No. 314. | No additional detail supplied.Calendars · House floor actions · Code H12410 | Congress.gov | |
| Official actionReported (Amended) by the Committee on Financial Services. H. Rept. 119-362. | No additional detail supplied.Committee · House floor actions · Code H12200 | Congress.gov | |
| Official actionReported (Amended) by the Committee on Financial Services. H. Rept. 119-362. | No additional detail supplied.Committee · Library of Congress · Code 5000 | Congress.gov | |
| Text versionReported in House | A dated text-version record is available. | Congress.gov | |
| Official actionMr. Hill (AR) moved to suspend the rules and pass the bill, as amended. | No additional detail supplied.Floor · House floor actions · Code H30300 | Congress.gov | |
| Official actionConsidered under suspension of the rules. (consideration: CR H3582-3584; text: CR H3582) | No additional detail supplied.Floor · House floor actions · Code H30000 | Congress.gov | |
| Official actionDEBATE - The House proceeded with forty minutes of debate on H.R. 3234. | No additional detail supplied.Floor · House floor actions · Code H8D000 | Congress.gov | |
| Official actionAt the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. | No additional detail supplied.Floor · House floor actions · Code H37220 | Congress.gov | |
| Text versionEngrossed in House | A dated text-version record is available. | Congress.gov | |
| Official actionConsidered as unfinished business. (consideration: CR H3644-3645) | No additional detail supplied.Floor · House floor actions · Code H30000 | Congress.gov | |
| Official actionOn motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 405 - 0 (Roll no. 177). | No additional detail supplied.Floor · House floor actions · Code H37300 | Congress.gov | |
| Official actionPassed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 405 - 0 (Roll no. 177). | No additional detail supplied.Floor · Library of Congress · Code 8000 | Congress.gov | |
| Official actionMotion to reconsider laid on the table Agreed to without objection. | No additional detail supplied.Floor · House floor actions · Code H38310 | Congress.gov | |
| House roll callHouse roll 177 | On Motion to Suspend the Rules and Pass, as AmendedPassed | Congress.gov | |
| Official actionReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | No additional detail supplied.IntroReferral · Senate | Congress.gov | |
| Text versionReferred in Senate | A dated text-version record is available. | Congress.gov |
House roll calls join only on matching Congress, legislation type, and number. Senate roll calls join only on matching source-supplied document type and number, not question text. Committee and related-measure relationships have no date in their relationship records and therefore are counted above but never placed on the chronology.
Congressional Research Service
CRS summary
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, the bill changes certain qualifications insured depository institutions may be required to have to accept reciprocal deposits. Under current law, institutions may qualify by having a composite rating of outstanding or good, among other requirements. The bill allows institutions with a 1, 2, or 3 rating under the CAMELS scale to qualify. (The Uniform Financial Institutions Rating System uses the characteristics of capital adequacy, asset quality, management, earnings, liquidity, and sensitivity to market risk (i.e., CAMELS ratings) to rate the health of financial institutions, with a 1 indicating the highest rating and least degree of supervisory concern and a 5 indicating the lowest rating and highest degree of supervisory concern.)
Official documents
Text versions
- Referred in SenateMay 21, 2026
- Engrossed in HouseMay 20, 2026
- Reported in HouseNov 4, 2025
- Introduced in HouseMay 7, 2025