U.S. Congress legislation · 119th Congress
HB8087: Main Street Depositor Protection Act
Status: In committee, March 25, 2026
To amend the Federal Deposit Insurance Act to provide deposit insurance for noninterest-bearing transaction accounts, and for other purposes.
What the bill says
To amend the Federal Deposit Insurance Act to provide deposit insurance for noninterest-bearing transaction accounts, and for other purposes.
From the introduced text, March 25, 2026:
A BILL To amend the Federal Deposit Insurance Act to provide deposit insurance for noninterest-bearing transaction accounts, and for other purposes. SECTION 1. Short title This Act may be cited as the Main Street Depositor Protection Act . SECTION 2. Transaction account insurance (a) Depository institutions (1) In general Section 11(a)(1) of the Federal Deposit Insurance Act ( 12 U.S.C. 1821(a)(1) ) is amended by striking subparagraph (B) and inserting the following: (B) Net amount of insured deposit (i) In general The net amount due to any depositor at an insured depository institution shall not exceed the sum of-- (I) the standard maximum deposit insurance amount as determined in accordance with subparagraphs (C), (D), (E), and (F) and paragraph (3); and (II) the net amount under clause (ii). (ii) Insurance for noninterest-bearing transaction accounts (I) In general Except as provided in subclause (IV), not later than the end of the 6-month period beginning on the date of enactment of this clause, the Corporation shall insure the net amount that any depositor maintains, in the aggregate, in 1 or more noninterest-bearing transaction accounts at an insured depository institution, in the amount determined under subclause (II). (II) Insured amount The Corporation shall issue a rule to establish the maximum amount for insurance described in subclause (I), which shall be in an amount …
Sponsors
- Frank Lucas (R) · primary sponsor
Latest actions
- : Referred to the House Committee on Financial Services.
- : Introduced in House
Subjects: Finance and Financial Sector
Common questions
- What is HB8087?
- HB8087 is a bill in Congress (119th Congress): Main Street Depositor Protection Act.
- What does HB8087 do?
- In its own words: To amend the Federal Deposit Insurance Act to provide deposit insurance for noninterest-bearing transaction accounts, and for other purposes.
- What is the status of HB8087?
- In committee as of March 25, 2026. Latest action: Referred to the House Committee on Financial Services. (March 25, 2026).
- Who sponsored HB8087?
- Frank Lucas (R).
- Where is the official record for HB8087?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/8087
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.