Deposit Security Act
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Deposit Security Act
This bill increases the amount of deposit insurance available to noninterest-bearing transaction accounts through the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA). Under current law, deposits are generally insured up to $250,000.
Specifically, noninterest-bearing transaction accounts at FDIC-insured depository institutions and at NCUA-insured credit unions must be insured up to $10 million. However, an institution or credit union may opt-out of this insurance during the 30-day period beginning on the date the program starts.
In addition, the maximum deposit insurance amount must be adjusted for inflation every two years.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 3012: Deposit Security Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-3012/
"S. 3012: Deposit Security Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-3012/.
S. 3012, 118th Cong. (2026), https://openamerica.io/bill/118-S-3012/.
[S. 3012: Deposit Security Act](https://openamerica.io/bill/118-S-3012/)