,,ii  #aafth ,,congress  #ast ,session  
,s4 #cajh  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,december #ai1 
#bjai,mr4 ,jones 7for himself1 ,mr4     
,moran1 and ,mr4 ,perdue7 introduced the
 following bill2 which was read twice   
and referred to the ,committee on       
,banking1 ,housing1 and ,urban ,affairs 
,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 ,definitions ,in this     
subsection3 7,a7 ,consumer transaction  
account deposit ,the term consumer      
transaction account deposit means a     
deposit in a transaction account with an
 insured depository institution--  7i7  
that is entirely covered by deposit     
insurance2  7ii7 that is opened by an   
individual2  7iii7 that is held in the  
name of the individual2  7iv7 that is   
used monthly by the individual to make  
payments to1 and to receive deposits    
from1 third parties2 and  7v7 with      
respect to which only the individual is 
recognized by the insured depository    
institution as being authorized to      
designate that withdrawals or payments  
be made from the account4  7,b7         
,transaction account ,the term          
transaction account has the meaning     

given the term in section #ai7;b77#a7 of
 the ,federal ,reserve ,act 7#ab        
,u4,s4,c4 #dfa7;b77#a774  4