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United States · Bill · HR

H.R. 3928 (118th)

Deposit Insurance Reform Act of 2023

referredUnited States· United States Congress· EN

Introduced

7 June 2023

Last action

Status

Referred to the House Committee on Financial Services.

Sponsors

Subjects

Discovery layer

Source updated

24 July 2024

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.

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Documents

3 official files

Introduced in House (text)

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Sources

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