Keeping Deposits Local Act

What this measure contains

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.)

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Bill text and versions

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• Referred in Senate · Official document ↗· May 21, 2026
• Engrossed in House · Official document ↗· May 20, 2026
• Reported in House · Official document ↗· Nov 4, 2025
• Introduced in House · Official document ↗· May 7, 2025

Legislative path

Each stage below is a House or Senate floor decision: every recorded roll call on this measure, plus passage by voice vote or unanimous consent, which records no individual votes. Each stage shows the latest version published before that day; the chamber may have voted on an amended text. Roll calls name every member. A member's row follows their votes, and a highlighted vote marks where they voted for advancing the measure at one stage and against it at another (passage, cloture, motions to proceed, agreeing to the other chamber's version). Amendments and motions such as recommit or table don't count as a change, because an aye there isn't a vote for the measure.

1. Introduced in House
2. Reported in House
3. Engrossed in Houseby House suspend rules and pass
4. Referred in Senate

Decision stages

1. May 20, 2026 · House

   House suspend rules and pass on Reported in House: Passed, reported as Engrossed in House

   405 aye · 0 no · 25 not voting · Source roll call

House members along the path

Aye yea or aye · No nay or no · Present · NV not voting · Changed reversed on advancing the measure

Members are identified by the Bioguide ID in each roll call, not by name. Not voting is not a no vote; a blank cell means the member wasn't listed for that roll call.Congress.gov actions ↗

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Legislative history

1. May 7, 2025

   Introduced in House

2. May 7, 2025

   Referred to the House Committee on Financial Services.

3. Sep 16, 2025

   Committee Consideration and Mark-up Session Held

4. Sep 16, 2025

   Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.

5. Nov 4, 2025

   Reported (Amended) by the Committee on Financial Services. H. Rept. 119-362.

6. Nov 4, 2025

   Placed on the Union Calendar, Calendar No. 314.

7. May 19, 2026

   Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.

8. May 19, 2026

   Considered under suspension of the rules. (consideration: CR H3582-3584; text: CR H3582)

9. May 19, 2026

   DEBATE - The House proceeded with forty minutes of debate on H.R. 3234.

10. May 19, 2026

    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.

11. May 20, 2026

    Considered as unfinished business. (consideration: CR H3644-3645)

12. May 20, 2026

    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).

13. May 20, 2026

    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).

14. May 20, 2026

    Motion to reconsider laid on the table Agreed to without objection.

15. May 21, 2026

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill sponsors