Main Street Depositor Protection Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 7
- Latest action
- Mar 25, 2026
What it does
The Main Street Depositor Protection Act would amend the Federal Deposit Insurance Act to extend deposit insurance coverage to noninterest-bearing transaction accounts (such as checking accounts that do not earn interest) at insured depository institutions, with the insured amount determined by a rule issued by the FDIC that must be at least the standard maximum deposit insurance amount and no more than $5 million, based on financial stability, economic growth, and fund safety considerations. The bill also extends similar insurance coverage to noninterest-bearing transaction accounts at insured credit unions, aligns definitions across banking and credit union statutes, and establishes a…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.