S. 2757: Keeping Deposits Local Act

S. 2757 is a federal bill in the 119th Congress. Before this bill, banks faced strict caps on how many reciprocal deposits, which are funds that banks swap with each other to give customers higher federal insurance coverage, could be excluded from rules governing paid deposit brokers. After this bill… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.