H.R. 3234Keeping Deposits Local Act

What the bill would do

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.

Summary by the Congressional Research Service. Last updated Dec 15, 2025.

• BillFull text · congress.gov(opens in a new tab)
• Roll callclerk.house.gov vote #177(opens in a new tab)