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H.R. 2572: To amend the Federal Deposit Insurance Act to clarify the definition of a deposit broker, and for other purposes.

We don’t have a summary available yet.

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on May 8, 2019.

This bill excludes certain affiliated broker-dealers that service retirement accounts and other similar plans from requirements applicable to brokered deposits.