S 4198
Main Street Depositor Protection Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 7:54 AM
Take action
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Main Street Depositor Protection Act aims to expand federal deposit insurance to include noninterest-bearing transaction accounts held 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 implementation plan. It also modifies relevant legislation to explicitly define ‘noninterest-bearing transaction accounts’ and includes provisions for credit unions.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.