Keeping Deposits Local Act

Clause 3(b) of rule XIII of the Rules of the House of Representatives requires the Committee Report to include record votes on the motion to report legislation and amendments thereto. On September 16, 2025, the Committee ordered H.R. 3234, as amended, to be reported favorably to the House by a recorded vote of 51 yeas and 0 nays, a quorum being present. (Record Vote No. FC-199). The Committee considered the following amendments to H.R. 3234: Representative Emmer offered an amendment in the nature of a substitute, which made minor edits and technical changes. This amendment was adopted by a voice vote. Representative Emmer offered an amendment (No. 2), designated EMMER_013. This amendment strikes a portion of the bill that included additional total liability tiers for reciprocal deposits that are not considered to be brokered deposits for total liabilities between $250 billion and $1 trillion and for total liabilities above $1 trillion. Additionally, this amendment requires the FDIC, in consultation with the Federal Reserve Board, to conduct a study on reciprocal deposits. This amendment was adopted by a voice vote.