HR 3928
118th Congress
House
Finance and Financial Sector
Deposit Insurance Reform Act of 2023
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
Plain-English summary
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
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1