Uniform Special Deposits Act of 2025

Where it is in the process

Plain-English Summary

As introduced Bill 26-32 would establish clear criteria for special deposits and clarify the treatment of special deposits in the event of the bankruptcy of a depositor. It also clarifies the applicability of the creditor process on a special deposit. It is an “opt-in” statute, which is available to banks and depositors to suit their needs for particular purposes.

Source: Legistar · DC Council · fetched February 27, 2026

Who it affects

W-2 worker (non-union)indirect

Clarifies the treatment of special deposits in the event of the bankruptcy of a depositor, which could affect individuals who have made such deposits.

AI-extracted

Who This AffectsAI analysis

W-2 worker (non-union)indirectMinor impactMedium certainty
Clarifies the treatment of special deposits in the event of the bankruptcy of a depositor, which could affect individuals who have made such deposits.
“clarify the treatment of special deposits in the event of the bankruptcy of a depositor.”· As introduced

What the Bill Does

Establish clear criteria for special deposits.
Clarify the treatment of special deposits in the event of a depositor's bankruptcy.
Clarify the applicability of the creditor process on a special deposit.

Votes

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