To authorize the Secretary of the Treasury to direct the Federal Deposit Insurance Corporation and the National Credit Union Administration to establish emergency transaction account guarantee programs, and for other purposes.
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsor
- 1
- Latest action
- Mar 25, 2026
What it does
This bill authorizes the Secretary of the Treasury to direct the FDIC and NCUA to create emergency programs that fully insure non-interest-bearing transaction accounts at insured banks and credit unions during a banking or credit union stress event, as determined by the Secretary in consultation with the President. The programs are subject to cost and duration limits (initially 6 months, extendable by 3 months), require congressional testimony and GAO review, and mandate repayment of any losses through special assessments on affected institutions. The bill aims to stabilize the financial system during crises by temporarily expanding deposit insurance coverage for transaction accounts used…
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.
Where it goes next
While a bill can still move, the questions are about people and money.