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HR 3928 118th Congress House Finance and Financial Sector

Deposit Insurance Reform Act of 2023

Introduced: June 7, 2023 Introduced by: Schiff, Adam B. Democratic · California See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 7, 2023
Referred to the House Committee on Financial Services.
Jun 7, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Deposit Insurance Reform Act of 2023

This bill requires the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) to establish additional levels of deposit insurance. Currently, the FDIC and NCUA insures individual accounts up to $250,000. Under the bill, FDIC and NCUA must establish insurance amounts above existing levels that are applicable to commercial deposits. An institution may elect to apply a higher insurance amount to commercial deposits.

What's happening now June 7, 2023

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 3928: Deposit Insurance Reform Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-3928/
MLA
"H.R. 3928: Deposit Insurance Reform Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-3928/.
Bluebook (legal)
H.R. 3928, 118th Cong. (2026), https://openamerica.io/bill/118-HR-3928/.
Markdown link
[H.R. 3928: Deposit Insurance Reform Act of 2023](https://openamerica.io/bill/118-HR-3928/)
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