H.R. 6162: Protect Prepaid Accounts Act of 2016

To amend the Federal Deposit Insurance Act to ensure that prepaid funds deposited in an insured depository institution satisfy the requirements of the primary purpose exclusion to the definition of deposit broker, and for other purposes.

The bill’s titles are written by its sponsor.

What you can do



Sep 22, 2016


Referred to Committee on Sep 22, 2016

This bill was assigned to a congressional committee on September 22, 2016, which will consider it before possibly sending it on to the House or Senate as a whole.


Scott Tipton

Representative for Colorado's 3rd congressional district



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Last Updated: Sep 22, 2016
Length: 3 pages


1% chance of being enacted according to PredictGov (details)


Sep 22, 2016

This is the first step in the legislative process.

Reported by Committee

Passed House

Passed Senate

Signed by the President

H.R. 6162 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

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“H.R. 6162 — 114th Congress: Protect Prepaid Accounts Act of 2016.” www.GovTrack.us. 2016. October 25, 2016 <https://www.govtrack.us/congress/bills/114/hr6162>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.