Community Bank Deposit Access Act of 2025

Today's wording of each part of the law, with what would be struck out and added. Each change also gives the bill's own instruction, word for word.

1. 12 U.S.C. 1831fadded (j)by H.R. 5317 Sec. 2(a)

   (j) Limited exception for custodial deposits.—(1) In general.— Custodial deposits of an eligible institution shall not be considered to be funds obtained, directly or indirectly, by or through a deposit broker to the extent that the total amount of such custodial deposits does not exceed an amount equal to 20 percent of the total liabilities of the eligible institution.(2) Definitions.— In this subsection:(A) Custodial deposit.— The term custodial deposit means a deposit that is not deposited at an insured depository institution in return for fees paid by the insured depository institution pursuant to an agreement with a third party and that would otherwise be considered to be obtained, directly or indirectly, by or through a deposit broker, if the deposit is deposited at 1 or more insured depository institutions, for the purpose of providing or maintaining deposit insurance for the benefit of a third party, by or through any of the following, each acting in a formal custodial or fiduciary capacity for the benefit of a third party:(i) An insured depository institution serving as agent, trustee, or custodian.(ii) A trust entity controlled by an insured depository institution serving as agent, trustee, or custodian.(iii) A State-chartered trust company serving as agent, trustee, or custodian.(iv) A plan administrator or investment advisor, acting in a formal custodial or fiduciary capacity for the benefit of a plan.(B) Eligible institution.— The term eligible institution means an insured depository institution that accepts custodial deposits, if the insured depository institution has less than $10,000,000,000 in total assets as reported on the consolidated report of condition and income as reported quarterly to the appropriate Federal banking agency and—(i)(I) when most recently examined under section 10(d) was assigned a composite rating of 1, 2, or 3 under the Uniform Financial Institutions Rating System (or an equivalent rating under a comparable rating system); and(II) is well capitalized; or(ii) has obtained a waiver pursuant to subsection (c).(C) Plan.— The term "plan" has the meaning given the term in section 3 of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1002).(D) Plan administrator.— The term plan administrator has the meaning given the term administrator in section 3 of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1002).(E) Well capitalized.— The term well capitalized has the meaning given the term in section 38(b).

   The bill says: Section 29 of the Federal Deposit Insurance Act (12 U.S.C. 1831f) is amended by adding at the end the following:

   Bill text · Current law (12 U.S.C. 1831f)

From the bill's official text on GovInfo and the U.S. Code, 2024 edition, which may not yet show changes made since.