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Rounds, Warner Introduce Legislation to Support Financial Resilience
September 10, 2025
WASHINGTON, Sept. 10 -- Sen. Mike Rounds, R-South Dakota, issued the following news release:

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Rounds, Warner Introduce Legislation to Support Financial Resilience

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WASHINGTON - U.S. Senators Mike Rounds (R-S.D.) and Mark Warner (D-Va.) today introduced the Keeping Deposits Local Act, bipartisan legislation to modernize outdated rules on reciprocal deposits. Reciprocal deposits allow community banks to offer customers full FDIC insurance w . . .

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