House vote: H.R. 3234 // May 20, 2026Needed two-thirds to pass
Keeping Deposits Local Act
Sponsor: Tom Emmer (R-MN)
This bill increases the amount insured depository institutions may accept as reciprocal deposits. ) The bill creates a tiered system so that the allowable amount is based on the institution's total liabilities. Additionally, the bill changes certain qualifications insured depository institutions may be required to have to accept reciprocal deposits.
Finance and Financial Sector Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 6.9% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 405 | 93.1% |
| Nay | Lost | 0 | 0.0% |
| Not represented on this question | No position taken | 0 | 6.9% |