Keeping Deposits Local Act
Latest action (May 21, 2026) — Received in the Senate and Read twice and on Banking, Housing, and Urban Affairs.
What it does
Congressional Research Service, May 7, 2025This 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.)
Face Value
as passed the HouseHow much of this bill its name accounts for.
- Every bill starts at100
- Nothing counted against it: one area of law, and short enough that length doesn't register.
Face Value measures reach, not honesty. A big bill can be accurately named, and a low score is not an accusation — it means the contents reach further than any short title could describe. Count it yourself ↗ How this is worked out
What Congress did
1 recordedOn , as Amendeddecisive vote
House · May 20, 2026
A fast-track vote: no amendments, short debate, and two thirds needed to pass. Used for bills expected to be uncontroversial.
Who lobbied on this
2 organizationsThese organizations told Congress, in their own quarterly disclosures, that they were lobbying on this bill.
- Huntington Bancshares Inc.no position stated
“…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.…” filing ↗
- Independent Community Bankers of Americano position stated
“…Act H.R. 2152 The AI PLAN Act H.R. 2978 The GUARD Act H.R. 2835 The Small Bank Holding Company Relief Act H.R. 2885 The Bank Loan Privacy Act H.R. 3234 Reciprocal Deposits H.R. 3380 TAILOR Act of 2025 H.R. 3390 Bringing the Discount Window into the 21st Century Act H.R. 3446 FDIC Board…” filing ↗
Most filings say only that an organization lobbied on a bill, not which side it took — where that's the case we say so rather than guessing. Quotes are verbatim from the filing. How this is built.
Discussion
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