119th Congress · introduced in the House · May 7, 2025
Keeping Deposits Local Act
Official title from Congress.gov
Latest action (May 21, 2026): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
View on Congress.govPolicy area: Finance and Financial Sector
Congressional Research Service summary, version: Introduced in House (May 7, 2025)
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.)
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
House · May 20, 2026 · Roll call 177 · Passed
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Motion to reconsider laid on the table Agreed to without objection.
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). Roll call details
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). Roll call details
Considered as unfinished business. (consideration: CR H3644-3645)
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.
DEBATE - The House proceeded with forty minutes of debate on H.R. 3234.
Considered under suspension of the rules. (consideration: CR H3582-3584; text: CR H3582)
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Placed on the Union Calendar, Calendar No. 314.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-362.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-362.
Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.
Committee Consideration and Mark-up Session Held
Bank accounts, deposits, capital · Banking and financial institutions regulation
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsReferred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Actions from Congress.gov, newest first.
Coverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 23, 2026.
17 citations.
HUNTINGTON BANCSHARES INCORPORATED · lobbying firm or registrant: HUNTINGTON BANCSHARES INCORPORATED
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Banking
$250,000
Spent on own lobbying
…business expansion updates, credit policy, regulatory impacts on access to capital, flood insurance. Specific bills: H.R. 3633 Digital Asset Market CLARITY Act H.R. 3234, Keeping Deposits Local Act H.R. 5913/S. 2464, Community Investment and Prosperity Act H.R. 6644/Public Law No:119-101, 21st Century Road to Housing Act H.R. 6…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
JPMORGAN CHASE HOLDINGS LLC · lobbying firm or registrant: JPMORGAN CHASE HOLDINGS LLC
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Banking
$1,460,000
Spent on own lobbying
S. 401, H.R. 3234, H.R. 6644, S. 4198, H.R. 6955, H.R. 10167 - Discussed bank regulatory policy. Discussed mortgage loan originations, servicing and refinancing, and related iss…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW YORK BANKERS ASSOCIATION · lobbying firm or registrant: NEW YORK BANKERS ASSOCIATION
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Banking
$42,000
Spent on own lobbying
…Credit Union Oversight (general); SJ Res. 18 / HJ Res. 59 (to nullify CFPB Overdraft Rule, Rule 1071). Homebuyers Privacy Protection Act (not introduced yet). HR 3234 (Reciprocal Deposits). Financial Literacy Educations (generally; no specific measure). Homebuyer's Privacy Protection Act. Credit Card Competition Act. GENIUS…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
WESTERN ALLIANCE BANCORPORATION · lobbying firm or registrant: WESTERN ALLIANCE BANCORPORATION
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 19, 2026 · issue area: Banking
$190,000
Spent on own lobbying
…o tailoring prudential regulations for regional banks including TIER Act, H.R. 6553, and S. 5452; issues related to deposit insurance reform including S. 2999, HR 3234, S. 2757, HR 8087, HR 8075, and S 4198; cannabis banking legislation; legislative framework for digital assets regulation, including H.R. 3633, the Digital Ass…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW YORK BANKERS ASSOCIATION · lobbying firm or registrant: NEW YORK BANKERS ASSOCIATION
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · amended · posted Jul 21, 2026 · issue area: Banking
$45,000
Spent on own lobbying
…Credit Union Oversight (general); SJ Res. 18 / HJ Res. 59 (to nullify CFPB Overdraft Rule, Rule 1071). Homebuyers Privacy Protection Act (not introduced yet). HR 3234 (Reciprocal Deposits). Financial Literacy Educations (generally; no specific measure). Homebuyer's Privacy Protection Act. Credit Card Competition Act. GENIUS…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
JPMORGAN CHASE HOLDINGS LLC · lobbying firm or registrant: JPMORGAN CHASE HOLDINGS LLC
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Banking
$1,190,000
Spent on own lobbying
S. 401, H.R. 3234, H.R. 6644, S. 4198, H.R. 6955 - Discussed bank regulatory policy. Discussed mortgage loan originations, servicing and refinancing, and related issues.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
HUNTINGTON BANCSHARES INCORPORATED · lobbying firm or registrant: HUNTINGTON BANCSHARES INCORPORATED
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 19, 2026 · issue area: Banking
$170,000
Spent on own lobbying
…business expansion updates, credit policy, regulatory impacts on access to capital, flood insurance. Specific bills: H.R. 3633 Digital Asset Market CLARITY Act H.R. 3234, Keeping Deposits Local Act H.R. 5913/S. 2464, Community Investment and Prosperity Act H.R. 6644, 21st Century Road to Housing Act H.R. 6553, Tailoring and Ind…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
WESTERN ALLIANCE BANCORPORATION · lobbying firm or registrant: WESTERN ALLIANCE BANCORPORATION
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 17, 2026 · issue area: Banking
$150,000
Spent on own lobbying
…9012; issues related to tailoring prudential regulations for regional banks including H.R. 6553; issues related to deposit insurance reform including S. 2999, HR 3234, S. 2757, HR 8087, HR 8075, and S 4198; cannabis banking legislation; legislative framework for digital assets regulation, including H.R. 3633, the Digital Ass…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
INDEPENDENT BANKERS ASSOCIATION OF TEXAS · lobbying firm or registrant: INDEPENDENT BANKERS ASSOCIATION OF TEXAS
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 10, 2026 · issue area: Banking
Amount not reported
…5317 Community Bank Deposit Access Act. Support HR 6644 Housing for the 21st Century Act. Discussion on HR 3633 Digital Asset Market CLARITY Act. Discussion on HR 3234 Keeping Deposits Local Act.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. View filing
JPMORGAN CHASE HOLDINGS LLC · lobbying firm or registrant: JPMORGAN CHASE HOLDINGS LLC
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Banking
$1,210,000
Spent on own lobbying
S. 401, S. 2651, S. 2999, H.R. 3234, H.R. 6644, S. 4198, H.R. 6955 - Discussed bank regulatory policy. Discussed mortgage loan originations, servicing and refinancing, and related issues.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW YORK BANKERS ASSOCIATION · lobbying firm or registrant: NEW YORK BANKERS ASSOCIATION
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Banking
$53,000
Spent on own lobbying
…Credit Union Oversight (general); SJ Res. 18 / HJ Res. 59 (to nullify CFPB Overdraft Rule, Rule 1071). Homebuyers Privacy Protection Act (not introduced yet). HR 3234 (Reciprocal Deposits). Financial Literacy Educations (generally; no specific measure). Homebuyer's Privacy Protection Act. Credit Card Competition Act. GENIUS…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
WESTERN ALLIANCE BANCORPORATION · lobbying firm or registrant: WESTERN ALLIANCE BANCORPORATION
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Banking
$160,000
Spent on own lobbying
…t Act; issues related to tailoring prudential regulations for regional banks including H.R. 6553; issues related to deposit insurance reform including S. 2999, HR 3234, S. 2757, HR 8087, HR 8075, and S 4198; cannabis banking legislation; legislative framework for digital assets regulation, including H.R. 3633, the Digital Ass…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW YORK BANKERS ASSOCIATION · lobbying firm or registrant: NEW YORK BANKERS ASSOCIATION
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Banking
$50,000
Spent on own lobbying
…Credit Union Oversight (general); SJ Res. 18 / HJ Res. 59 (to nullify CFPB Overdraft Rule, Rule 1071). Homebuyers Privacy Protection Act (not introduced yet). HR 3234 (Reciprocal Deposits). Financial Literacy Educations (generally; no specific measure). Homebuyer's Privacy Protection Act. Credit Card Competition Act. GENIUS…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
JPMORGAN CHASE HOLDINGS LLC · lobbying firm or registrant: JPMORGAN CHASE HOLDINGS LLC
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Banking
$1,120,000
Spent on own lobbying
S. 401, H.R., S. 2651, S.2999, H.R. 3234, S. 2113 - Discussed bank regulatory policy. Discussed mortgage loan originations, servicing and refinancing, and related issues.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW YORK BANKERS ASSOCIATION · lobbying firm or registrant: NEW YORK BANKERS ASSOCIATION
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Banking
$45,000
Spent on own lobbying
…Credit Union Oversight (general); SJ Res. 18 / HJ Res. 59 (to nullify CFPB Overdraft Rule, Rule 1071). Homebuyers Privacy Protection Act (not introduced yet). HR 3234 (Reciprocal Deposits). Financial Literacy Educations (generally; no specific measure). Homebuyer's Privacy Protection Act. Credit Card Competition Act. GENIUS…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW YORK BANKERS ASSOCIATION · lobbying firm or registrant: NEW YORK BANKERS ASSOCIATION
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Banking
$60,000
Spent on own lobbying
…Credit Union Oversight (general); SJ Res. 18 / HJ Res. 59 (to nullify CFPB Overdraft Rule, Rule 1071). Homebuyers Privacy Protection Act (not introduced yet). HR 3234 (Reciprocal Deposits). Financial Literacy Educations (generally; no specific measure). Homebuyer's Privacy Protection Act. Credit Card Competition Act.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
INDEPENDENT BANKERS ASSOCIATION OF TEXAS · lobbying firm or registrant: INDEPENDENT BANKERS ASSOCIATION OF TEXAS
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 11, 2025 · issue area: Banking
Amount not reported
Letter supporting amending HR 3234 Federal Deposit Insurance Act
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. View filing