House passes amended bill on custodial bank deposits
The bill changes when certain custodial deposits at insured banks are classified as brokered deposits. Under the version summarized, qualifying deposits at banks with under $10 billion in assets would be excluded from that category if they meet limits and bank-soundness conditions. The House voted to pass the bill as amended; this was a passage vote, not merely a vote to begin considering it.
Context: The background summarizes the version reported to the House on November 4, 2025; the supplied record does not identify the changes in the amended text voted on.