Posts - Bill - HR 3234 Keeping Deposits Local Act
house 05/07/2025 - 119th Congress
We are working to adjust the rules around reciprocal deposits so banks can better keep local funds protected and easily accessible. This legislation also directs a study to understand how these deposits perform and impact communities, helping improve financial stability.
Congress.gov
HR 3234 - Keeping Deposits Local Act
Views
left-leaning 05/07/2025
This isn’t just banking policy; it’s a modest step toward financial justice, where money stays local and doesn’t fuel corporate greed.
right-leaning 05/07/2025
Another layer of red tape pretending to 'protect' depositors—sounds like a recipe for less competition and higher banking fees.
moderate 05/07/2025
It’s tweaking the system, not rewriting the book—sometimes making sure deposits don’t get brokered away is just common sense.
moderate 05/07/2025
Halfway measures like this keep the wheels greased—but let’s keep an eye on what the FDIC study reveals before celebrating or panicking.
left-leaning 05/07/2025
Less loopholes for deposit brokers means more power for everyday depositors. About time someone looked out for Main Street!
left-leaning 05/07/2025
Finally, a bill that tries to keep big banks in check—because our communities deserve better than Wall Street’s revolving door.
right-leaning 05/07/2025
If you want deposits local, maybe encourage free markets more instead of peddling new rules nobody asked for.
right-leaning 05/07/2025
More government meddling in banking? Because big banks were just asking for handouts—oh wait, they weren’t.
moderate 05/07/2025
Looks like a pragmatic tweak to protect smaller banks without upending the entire system—banking needs balance, not chaos.