Republican Members of the U.S. Financial Services Committee have introduced a package of legislative proposals aimed at reforming the U.S. deposit insurance framework. Committee Chairman French Hill framed the work around maintaining banking system stability and depositor confidence while apportioning costs fairly, enforcing market discipline, and reducing moral hazard. The bills include a proposal to authorize the Secretary of the Treasury to direct the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) to establish emergency transaction account guarantee programmes, legislation titled the Growing Deposit Insurance for the Future Act, the Main Street Depositor Protection Act, and a bill requiring the FDIC and NCUA to analyse whether insurance coverage should be raised for covered transaction accounts. The committee linked the new proposals to earlier work on deposit insurance reform, including a 18 November 2025 hearing on coverage, costs and depositor confidence, and a 15 December 2025 letter to the FDIC seeking information on whether Call Report data would support changes to insurance coverage and related assessment estimates, which the FDIC answered on 31 December 2025.
U.S. Financial Services Committee 2026-03-25
U.S. Financial Services Committee Republicans introduce deposit insurance reform bills including authority for emergency transaction account guarantees
Republican Members of the U.S. Financial Services Committee have introduced proposals to reform the U.S. deposit insurance framework, focusing on banking stability and depositor confidence. Key measures include authorizing emergency transaction account guarantee programs and assessing increased insurance coverage for transaction accounts. These proposals build on previous reform efforts, including hearings and inquiries to the Federal Deposit Insurance Corporation (FDIC).