# 119-s-2757: Keeping Deposits Local Act

119-s-2757, Keeping Deposits Local Act, is a 119th Congress bill sponsored by Sen. Rounds, Mike [R-SD] (R-SD); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-2757
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2757
- Congress: 119
- Title: Keeping Deposits Local Act
- Status: introduced
- Introduced: 2025-09-10
- Sponsor: Sen. Rounds, Mike [R-SD] (R-SD)
- Cosponsors: 4
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Recalibrates which reciprocal deposits count as brokered funds under the FDIA.** This bill would set tiered, percentage-based exclusions for reciprocal deposits and tie "agent institution" status to CAMELS ratings of 1, 2, or 3.

## Cosponsors (4)

- Sen. Warner, Mark R. [D-VA] (D-VA), 2025-09-10T00:00:00.000Z
- Sen. Britt, Katie Boyd [R-AL] (R-AL), 2025-11-19T00:00:00.000Z
- Sen. Van Hollen, Chris [D-MD] (D-MD), 2025-11-19T00:00:00.000Z
- Sen. Moreno, Bernie [R-OH] (R-OH), 2025-11-19T00:00:00.000Z

## Provisions PRIA read

- Keeps more bank deposits local: benefit, medium. If enacted, this bill would stop treating some reciprocal deposits as brokered funds for qualifying banks. The carve-out would be tiered by an institution's total liabilities: 50% up to $1 billion; 40% for the portion over $1 billion up to $10 billion; 30% from $10 billion to $250 billion; 20% from…

## Related bills

- 119-s-1261: CONNECT for Health Act of 2025
- 119-s-1532: A bill to amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
- 119-s-1032: Major Richard Star Act
- 119-s-1547: America the Beautiful Act
- 119-s-4395: Terrorism Risk Insurance Program Reauthorization Act of 2026
- 119-s-522: Credit Union Board Modernization Act

## Sources
- [119-s-2757 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2757)

## Related
- [119-s-1261: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-s-1261)
- [119-s-1532: A bill to amend the Internal Revenue Code of 1986 to modify the railroad track…](https://policyrisk.com/legislation/119-s-1532)
- [119-s-1032: Major Richard Star Act](https://policyrisk.com/legislation/119-s-1032)
- [119-s-1547: America the Beautiful Act](https://policyrisk.com/legislation/119-s-1547)
- [119-s-4395: Terrorism Risk Insurance Program Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-4395)
- [119-s-522: Credit Union Board Modernization Act](https://policyrisk.com/legislation/119-s-522)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2757 (as of 2026-04-21).