HR 8087
Main Street Depositor Protection Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 3:41 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Main Street Depositor Protection Act aims to expand deposit insurance to include noninterest-bearing transaction accounts at banks and credit unions. Currently, deposit insurance primarily covers interest-bearing accounts. This bill would establish a maximum insurance limit of $5,000,000 for these accounts, subject to certain exclusions and a gradual increase to full coverage over 10 years. It also modifies relevant laws to define ‘noninterest-bearing transaction accounts’ and addresses potential assessments on banks during the transition period.
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