The bill
Keeping Deposits Local Act
HR. 3234, 119th Congress — read as touching Commercial Banks.
Keeping Deposits Local Act
Download PDFBill ID: 119/hr/3234
Last Updated: July 16, 2026
Sponsored by
Rep. Emmer, Tom [R-MN-6]
ID: E000294
Follow the money
The sponsor
Rep. Emmer, Tom [R-MN-6]
Every bill has someone who introduced it. That name is where the paper trail starts.
The money
$1,164,550 raised
30 itemised contributions to this sponsor, pulled from FEC filings.
Bill's Journey to Becoming a Law
Track this bill's progress through the legislative process
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 20, 2026
Introduced
Committee Review
Floor Action
Passed House
Senate Review
📍 Current Status
Next: Both chambers must agree on the same version of the bill.
🎉
Passed Congress
🖊️
Presidential Action
⚖️
Became Law
📚 How does a bill become a law?
1. Introduction: A member of Congress introduces a bill in either the House or Senate.
2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.
3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.
4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.
5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.
6. Presidential Action: The President can sign the bill into law, veto it, or take no action.
7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!
Bill Summary
[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3234 Referred in Senate (RFS)]
<DOC> 119th CONGRESS 2d Session H. R. 3234
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
May 21, 2026
Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs
________...
Related Topics
Federal Budget & AppropriationsCongressional Rules & ProceduresHousing & Urban Development
Generated using Llama 3.1 70B (Dr. Haus personality)
💰 Campaign Finance Network
Rep. Emmer, Tom [R-MN-6]
Congress 119 • 2024 Election Cycle
Total Contributions
$1,164,550
21 donors
PACs
$0
Organizations
$64,550
Committees
$0
Individuals
$1,100,000
No PAC contributions found
1
AGUA CALIENTE BAND OF CAHUILLA INDIANS
$16,700
2
AK-CHIN INDIAN COMMUNITY
$10,000
3
POARCH BAND OF CREEK INDIANS
$6,600
4
PRAIRIE ISLAND TRIBAL COUNCIL
$5,000
5
FOREST COUNTY POTAWATOMI COMMUNITY
$5,000
6
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
$4,950
7
MIAMI TRIBE OF OKLAHOMA
$4,000
8
MORONGO BAND OF MISSION INDIANS
$3,300
9
SANTA YNEZ BAND OF MISSION INDIANS
$2,000
10
SOBOBA BAND OF LUISENO INDIANS
$2,000
11
ONEIDA NATION
$2,000
12
MOHEGAN TRIBE OF INDIANS OF CONNECTICUT
$1,000
13
SAN MANUEL BAND OF MISSION INDIANS
$1,000
14
BRYANT SONGY SNELL
$1,000
No committee contributions found
1
AUSTIN, TANI DRU
$250,000
2
AUSTIN, WILLIAM F.
$250,000
3
HILL, VERNON
$200,000
4
DEVRIES, TIMOTHY C.
$100,000
5
ROSEN, TOM
$100,000
6
WALTON, ROB MR..
$100,000
7
BROIN, JEFF
$100,000
Cosponsors & Their Campaign Finance
This bill has 10 cosponsors. Below are their top campaign contributors.
Rep. Beatty, Joyce [D-OH-3]
ID: B001281
Top Contributors
10
1
EDWARDS, JEFFREY W.
INSTALLED BUILDING PRODUCTS/EDWARDS CO • PRESIDENT, CEO, CHAIRMAN
IndividualCOLUMBUS, OH
$5,000
Oct 9, 2024
2
BANFIELD, WILLIAM
QUICKEN LOANS • CHIEF RISK OFFICER
IndividualROCHESTER HILLS, MI
$3,300
May 1, 2024
3
COHEN, PHILIP
PRN FUNDING LLC • MANAGEMENT
IndividualPEPPER PIKE, OH
$3,300
Apr 22, 2024
4
LAVINE, JEANNIE
NOT EMPLOYED • NOT EMPLOYED
IndividualBOSTON, MA
$3,300
Jun 28, 2024
5
LAVINE, JONTHAN
BAIN CAPITAL • INVESTOR
IndividualBOSTON, MA
$3,300
Jun 28, 2024
6
STOKES, RAVEN R
SELF • MOTHER
IndividualBEXLEY, OH
$3,300
Jun 12, 2024
7
WALKER, KIRT A
NATIONWIDE FINANCIAL • PRESIDENT & CEO
IndividualNEW ALBANY, OH
$3,300
May 29, 2024
8
WILLIAMS, CLIFTON
TAFT LAW • LOBBYIST
IndividualCHAGRIN FALLS, OH
$3,300
Aug 18, 2024
9
HUGHES, CARL F
CONLON PUBLIC STRATEGIES • PUBLIC STRATEGIES
IndividualMARION, OH
$3,300
Oct 27, 2024
10
GILBERT, DAN
ROCKET MORTGAGE • CEO
IndividualDETROIT, MI
$3,300
Nov 16, 2023
Rep. Meuser, Daniel [R-PA-9]
ID: M001204
Top Contributors
10
1
PRIDE MOBILITY PRODUCTS CORP
OrganizationDURYEA, PA
$2,500
Sep 18, 2024
2
COTLER, YUDACUFSKI, HUEBNER
OrganizationSAINT CLAIR, PA
$1,000
Apr 23, 2024
3
DOWD, JOHN J
SUNDANCE VACATIONS • PRESIDENT
IndividualLEHIGHTON, PA
$6,600
Mar 25, 2024
4
PEYKOFF, ANDY
NIAGARA BOTTLING, LLC • CEO
IndividualLAS VEGAS, NV
$6,600
Mar 22, 2024
5
DOWD, JOHN J
SUNDANCE VACATIONS • PRESIDENT
IndividualLEHIGHTON, PA
$6,600
Sep 18, 2024
6
ROWAN, MARC J
APOLLO MANAGEMENT • MANAGEMENT
IndividualGREENWICH, CT
$6,600
Aug 23, 2023
7
ROWAN, CAROLYN
CAROLYN ROWAN COLLECTION • OWNER
IndividualGREENWICH, CT
$6,600
Aug 23, 2023
8
RICH, BRIAN R MR. JR
GILBERTON COAL CO. • EXECUTIVE SALES
IndividualCONSHOHOCKEN, PA
$6,600
Oct 24, 2024
9
VOLPE, ELLEN M
SELF • HOMEMAKER
IndividualWAVERLY TOWNSHIP, PA
$5,800
May 31, 2023
10
VOLPE, CHARLES J
EXCALIBUR INSURANCE MGMT • PRESIDENT
IndividualWAVERLY TOWNSHIP, PA
$5,800
May 31, 2023
Rep. Moore, Gwen [D-WI-4]
ID: M001160
Top Contributors
10
1
FOREST COUNTY POTAWATOMI COMMUNITY
OrganizationCRANDON, WI
$3,300
Dec 23, 2024
2
AK-CHIN INDIAN COMMUNITY
OrganizationMARICOPA, AZ
$3,300
Mar 31, 2023
3
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$3,300
Mar 31, 2023
4
MUSCOGEE CREEK NATION
OrganizationOKMULGEE, OK
$3,300
Dec 15, 2023
5
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$3,300
Mar 18, 2024
6
MUSCOGEE CREEK NATION
OrganizationOKMULGEE, OK
$3,300
Jun 14, 2024
7
ONEIDA NATION
OrganizationONEIDA, WI
$3,300
May 3, 2024
8
PUYALLUP TRIBE OF INDIANS
OrganizationTACOMA, WA
$3,300
May 3, 2024
9
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
OrganizationPRIOR LAKE, MN
$3,300
Jun 6, 2024
10
AGUA CALIENTE BAND OF CAHUILLA INDIANS
OrganizationPALM SPRINGS, CA
$3,300
Jun 30, 2023
Rep. Barr, Andy [R-KY-6]
ID: B001282
Top Contributors
10
1
TED J. BALESTRERI ENTERPRISES
OrganizationMONTEREY, CA
$1,000
Dec 6, 2023
2
QUEENSLAKE
OrganizationGEORGETOWN, KY
$300
Feb 12, 2024
3
VESTER, NANCY
NONE • RETIRED
IndividualCENTERVILLE, MA
$6,600
Sep 15, 2024
4
KOLLAR, CLINT WILLIAM
SIXTH STREET PARTNERS • INVESTOR
IndividualSAN FRANCISCO, CA
$6,600
Mar 22, 2023
5
FIELD, CHESTER JACK
NONE • RETIRED
IndividualSUMMERTON, SC
$6,600
Jun 4, 2024
6
FISHER, KENNETH
FISHER INVESTMENTS • EXECUTIVE CHAIRMAN
IndividualPLANO, TX
$6,600
May 21, 2024
7
FISHER, SHERRILYN
PLANO 6500 LLC • MEMBER
IndividualPLANO, TX
$6,600
May 21, 2024
8
BROWN, CHRIS
MINDSET • PARTNER
IndividualCHEVY CHASE, MD
$5,600
Mar 7, 2023
9
DARWISH, SAM
SINGULARITY INVESTMENTS LLC • CEO
IndividualMCKINNEY, TX
$5,000
Oct 28, 2024
10
CORRELL, JESS T.
FIRST SOUTHERN BANK • BANKER
IndividualSTANFORD, KY
$5,000
May 7, 2024
Rep. Flood, Mike [R-NE-1]
ID: F000474
Top Contributors
10
1
CHEROKEE NATION
OrganizationTAHLEQUAH, OK
$3,300
Oct 31, 2024
2
DEMOCRACY ENGINE, LLC
OrganizationWASHINGTON, DC
$1,919
Jun 24, 2024
3
SUGAR CREEK REALTY
OrganizationSAINT LOUIS, MO
$1,500
Oct 1, 2024
4
DEMOCRACY ENGINE, LLC
OrganizationWASHINGTON, DC
$959
May 28, 2024
5
LAMA COMMUNITY TRUST
OrganizationSAN CRISTOBAL, NM
$833
Jun 26, 2024
6
RADCLIFFE GILBERTSON & BRADY
OrganizationLINCOLN, NE
$500
Oct 20, 2024
7
CASSLING, MICHAEL
CASSLING • CEO
IndividualOMAHA, NE
$13,200
Mar 13, 2023
8
BRADFORD VI, DANA
C3 BRANDS • CEO
IndividualOMAHA, NE
$6,600
Mar 28, 2023
9
HAWKINS JR, FRED
HAWKINS CONSTRUCTION • CONSTRUCTION
IndividualOMAHA, NE
$6,600
May 11, 2024
10
DUGGER, CATHERINE
RETIRED • RETIRED
IndividualOMAHA, NE
$6,600
Oct 21, 2024
Rep. Williams, Roger [R-TX-25]
ID: W000816
Top Contributors
10
1
POARCH BANK OF CREEK INDIANS
OrganizationATMORE, AL
$3,300
Dec 2, 2024
2
FORD, GERALD J. MR.
DIAMOND-A CORPORATION • BANKER
IndividualDALLAS, TX
$6,600
Jan 10, 2024
3
PRINCE, ZAN MRS.
SELF EMPLOYED • INSURANCE AGENT
IndividualWEATHERFORD, TX
$6,600
Mar 30, 2023
4
WOODARD, DONALD M. MR. JR.
WESTERN COMMERCE GROUP • FINANCE
IndividualFORT WORTH, TX
$6,600
Mar 5, 2024
5
CARVALHO, ANNE MARIE MRS.
RETIRED • RETIRED
IndividualFORT WORTH, TX
$6,600
May 5, 2023
6
ROWAN, CAROLYN
SELF EMPLOYED • FASHION DESIGNER
IndividualNEW YORK, NY
$6,600
Apr 19, 2023
7
ROWAN, MARC
APOLLO GLOBAL MANAGEMENT • CHIEF EXECUTIVE OFFICER
IndividualNEW YORK, NY
$6,600
Apr 19, 2023
8
DUNIGAN, MIKE MR.
MIKE DUNIGAN RARE COINS • OWNER
IndividualFORT WORTH, TX
$6,000
Mar 5, 2024
9
LOWRANCE, DAN E. MR.
RETIRED • RETIRED
IndividualFORT WORTH, TX
$5,000
Oct 31, 2023
10
NICHOLS, THOMAS B. MR.
U.S. POLYCO • PRESIDENT
IndividualSPARKS, NV
$5,000
Feb 10, 2023
Rep. Ezell, Mike [R-MS-4]
ID: E000235
Top Contributors
10
1
RESOURCE MANAGEMENT SERVICES, LLC - ALEX HINSON, PARTNER AND CHIEF EXEC. OFFICER
OrganizationBIRMINGHAM, AL
$2,500
Nov 2, 2023
2
ALLY TELECOM GROUP LLC - PARTNERSHIP - MITCH KALIFEH
OrganizationMETAIRIE, LA
$2,500
Aug 30, 2023
3
MS BAND OF CHOCTAW INDIANS
OrganizationCHOCTAW, MS
$1,000
Apr 25, 2023
4
GONC LTC, LLC
OrganizationJACKSON, MS
$1,000
Sep 14, 2023
5
STEED'S COLLISION CTR, LLC - LAURA STEED MANAGER
OrganizationBILOXI, MS
$1,000
Aug 30, 2023
6
WATKINS & EAGER PLLC - GRANT SELLERS, PARTNER
OrganizationJACKSON, MS
$1,000
Aug 30, 2023
7
TEN ONE STRATEGIES - JOHN HUGHES, MANAGING PARTNER
OrganizationJACKSON, MS
$500
Aug 25, 2023
8
GULF PRIDE COMPANIES, LLC - ERICH N. NICHOLS, MANAGER
OrganizationGULFPORT, MS
$250
Aug 30, 2023
9
WATKINS & EAGER PLLC - GRANT SELLERS, PARTNER
OrganizationJACKSON, MS
$250
Aug 25, 2023
10
DUNAGIN, MELINDA
DUNAGIN PEST SOLUTIONS • OFFICE MANAGER
IndividualHATTIESBURG, MS
$3,300
Nov 1, 2024
Rep. Sessions, Pete [R-TX-17]
ID: S000250
Top Contributors
10
1
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$5,000
May 16, 2024
2
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$5,000
Sep 12, 2023
3
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$3,300
Jun 17, 2024
4
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$3,300
May 24, 2023
5
ALABAMA-COUSHATTA TRIBE
OrganizationLIVINGSTON, TX
$1,000
Sep 30, 2024
6
HOWARD, RONALD VANCE
BANKERS LIFE • MANAGEMENT
IndividualHUNTSVILLE, TX
$5,000
Mar 13, 2023
7
HOWARD, KAREN
ELEMENTS MASSAGE • MANAGEMENT
IndividualHUNTSVILLE, TX
$5,000
Mar 13, 2023
8
SINGH, PRITPAL
BETA SOFT SYSTEMS • MANAGEMENT
IndividualFREMONT, CA
$5,000
Jun 23, 2023
9
KAUR, MANJIT
SINGH SEMICONDUCTORS & SYSTEMS • MANAGEMENT
IndividualFREMONT, CA
$5,000
Jun 23, 2023
10
BEHRINGER, TODD
THE BEHRINGER GROUP, LLC • CONSTRUCTION
IndividualWOODWAY, TX
$3,400
Sep 1, 2023
Rep. Golden, Jared F. [D-ME-2]
ID: G000592
Top Contributors
10
1
PENOBSCOT INDIAN NATION
OrganizationINDIAN ISLAND, ME
$3,300
Oct 19, 2024
2
EASTERN BAND OF CHEROKEE INDIANS
OrganizationCHEROKEE, NC
$3,300
Feb 8, 2024
3
FEDERATED INDIANS OF GRATON RANCHERIA
OrganizationROHNERT PARK, CA
$3,300
Mar 13, 2024
4
SAN MANUEL BAND OF MISSION INDIANS
OrganizationLOS ANGELES, CA
$3,300
Sep 28, 2023
5
NOTTAWASEPPI HURON BAND OF THE POTAWATOMI
OrganizationFULTON, MI
$2,000
Oct 15, 2024
6
PASSAMAQUODDY TRIBE AT INDIAN TOWNSHIP
OrganizationPERRY, ME
$1,000
Oct 28, 2024
7
SANTA YNEZ BAND OF MISSION INDIANS
OrganizationSANTA YNEZ, CA
$1,000
Oct 31, 2024
8
MORONGO BAND OF MISSION INDIANS
OrganizationBANNING, CA
$1,000
Jun 27, 2024
9
ONEIDA NATION
OrganizationONEIDA, WI
$1,000
Sep 26, 2024
10
KIRK, GARRETT JR
SELF EMPLOYED • INVESTOR
IndividualNEW YORK, NY
$6,600
Nov 2, 2024
Rep. Bergman, Jack [R-MI-1]
ID: B001301
Top Contributors
10
1
MATCH-E-BE-NASH-SHE-WISH BAND OF POTTAWATOMI INDIANS
OrganizationSHELBYVILLE, MI
$3,300
Dec 8, 2023
2
SAGINAW CHIPPEWA INDIAN TRIBE
OrganizationMT. PLEASANT, MI
$3,300
Dec 8, 2023
3
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$3,300
Jun 17, 2024
4
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$3,300
Jun 30, 2023
5
PECHANGA BAND OF LUISENO INDIANS
OrganizationTEMECULA, CA
$3,000
Dec 31, 2023
6
SAULT STE MARIE TRIBE OF CHIPPEWA INDIANS
OrganizationSAULT SAINTE MARIE, MI
$2,900
Dec 7, 2023
7
DRESNER, LINDA
DRESNER DESIGNS • CEO
IndividualBIRMINGHAM, MI
$6,600
Dec 6, 2023
8
LEVY, EDWARD
WEST BAY BEACH RESORT • PRESIDENT
IndividualBIRMINGHAM, MI
$6,600
Dec 6, 2023
9
TAYLOR, MARGARETTA J. MS
NONE • RETIRED
IndividualNEW YORK, NY
$6,600
Mar 5, 2024
10
GREENBLATT, SCOTT
VETERANS GUARDIAN VA CLAIM CONSULTING • CEO
IndividualPINEHURST, NC
$6,600
Jun 29, 2023
Donor Network - Rep. Emmer, Tom [R-MN-6]
PACs
Organizations
Individuals
Politicians
Hub layout: Politicians in center, donors arranged by type in rings around them.
Loading...
Showing 86 nodes and 45 connections (85 secondary connections hidden)
Total contributions: $1,210,769
Top Donors - Rep. Emmer, Tom [R-MN-6]
Showing top 21 donors by contribution amount
14 Orgs7 Individuals
Industry Impact
Which industries are materially affected by specific provisions in this bill. 1 helped.
- +Commercial Banksconfidence 0.95
Section 2 modifies the amount of reciprocal deposits that are not considered brokered deposits, allowing banks to hold more reciprocal deposits without being deemed broker-dependent, which benefits commercial banks by expanding their funding options and reducing regulatory burden. Section 3 adjusts the definition of agent institution to include CAMELS ratings 1-3, broadening eligibility. Section 5 reduces the dollar amount under section 7(a)(3)(A) of the Federal Reserve Act by $28 million, effec
Who funds the sponsor on these industries
For each industry this bill affects, here's what the sponsor (Rep. Emmer, Tom [R-MN-6])received from donors associated with that industry during the 2022–present cycles. Donations are not proof of intent — they are a record of who funds the people writing the law.
Industries this bill HELPS
- Commercial Banks$300from 1 contribution
- HEULE, PETER A. MR.$300
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Other Bills by Rep. Emmer, Tom
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