,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #deja  ,,in ,,the ,,house ,,of  
,,representatives  ,september #bf1      
#bjai,mr4 ,williams 7for himself and    
,ms4 ,moore7 introduced the following   
bill2 which was referred to the         
,committee on ,financial ,services  ,a  
,,bill  ,to amend the ,federal ,deposit 
,insurance ,act to provide that the     
consumer transaction account deposits of
 an insured depository institution are  
not considered to be funds obtained by  
or through a deposit broker1 and for    
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,consumer      
,transaction ,account ,protection ,act  
of #bjai4  #b4 ,limited exception for   
consumer transaction account deposits   
,section #bi of the ,federal ,deposit   
,insurance ,act 7#ab ,u4,s4,c4 #ahca;f7 
is amended by adding at the end the     
following new subsection3  7j7 ,limited 
exception for consumer transaction      
account deposits  7#a7 ,in general      
,consumer transaction account deposits  

of an insured depository institution    
shall not be considered to be funds     
obtained1 directly or indirectly1 by or 
through a deposit broker4  7#b7         
,consumer transaction account deposit   
defined ,for purposes of this           
subsection1 the term consumer           
transaction account deposit means a     
deposit in a transaction account1 as    
defined in section #ai7;b77#a7 of the   
,federal ,reserve ,act1 with an insured 
depository institution--  7,a7 that is  
entirely covered by deposit insurance2  
7,b7 that is opened by a natural person2
  7,c7 that is held in the name of such 
natural person2  7,d7 that is used      
monthly by such natural person to make  
payments to1 and to receive deposits    
from1 third parties2 and  7,e7 with     
respect to which only such natural      
person is recognized by the insured     
depository institution as being         
authorized to designate that withdrawals
 or payments be made from the account4  
4