To amend the Federal Deposit Insurance Act to make changes to the Standard Maximum Deposit Insurance Amount, and for other purposes.

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 10821 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                               H. R. 10821

   To amend the Federal Deposit Insurance Act to make changes to the 
   Standard Maximum Deposit Insurance Amount, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            October 15, 2026

Mr. Gottheimer introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL

 
   To amend the Federal Deposit Insurance Act to make changes to the 
   Standard Maximum Deposit Insurance Amount, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. STANDARD MAXIMUM DEPOSIT INSURANCE AMOUNT.

    (a) In General.--Section 11(a) of the Federal Deposit Insurance Act 
(12 U.S.C. 1821(a)) is amended--
            (1) in subparagraph (E)--
                    (A) by striking ``$250,000'' and inserting 
                ``$750,000''; and
                    (B) by striking ``after March 31, 2010'' and all 
                that follows through to the end of subparagraph (E); 
                and
            (2) by striking subparagraph (F) and inserting the 
        following:
                    ``(F) CPI adjustment.--On January 1 of the year 
                following the year during which this subparagraph was 
                enacted, and each January 1 thereafter, the Corporation 
                shall--
                            ``(i) adjust the first dollar figure 
                        described in subparagraph (E) by a percentage 
                        equal to the percentage increase, if any, in 
                        the Consumer Price Index for All Urban 
                        Consumers published by the Bureau of Labor 
                        Statistics for the most recent 12-month period 
                        for which data are available; and
                            ``(ii) round each adjusted dollar figure 
                        down to the nearest $10,000.''.
    (b) Effective Date.--The amendments made by this section shall take 
effect 180 days after the date of the enactment of this section.

SEC. 2. STUDY.

    (a) In General.--The Federal Deposit Insurance Corporation and the 
National Credit Union Administration shall jointly, not later than 1 
year after the date of the enactment of this section, submit a report 
to the Congress after conducting research and analysis that determines 
the appropriate amount for the standard maximum deposit insurance 
amount under section 11(A)(1)(E) of the Federal Deposit Insurance Act.
    (b) Considerations.--When determining the appropriate amount for 
the standard maximum deposit insurance amount under section 11(A)(1)(E) 
of the Federal Deposit Insurance Act the Federal Deposit Insurance 
Corporation and the National Credit Union Administration shall consider 
the amounts of assets held by institutions, the distribution of deposit 
balances across institutions, the ratio between insured and uninsured 
deposits, and effects on the Deposit Insurance Fund.
    (c) Inclusion.--The report submitted by the Federal Deposit 
Insurance Corporation and the National Credit Union Administration 
under subsection (a) shall include information about--
            (1) any tools and resources the Federal Deposit Insurance 
        Corporation and the National Credit Union Administration would 
        need to effectively implement the standard maximum deposit 
        insurance amount determined appropriate by the Federal Deposit 
        Insurance Corporation and the National Credit Union 
        Administration;
            (2) the benefits that would be associated with implementing 
        the standard maximum deposit insurance amount determined 
        appropriate by the Federal Deposit Insurance Corporation and 
        the National Credit Union Administration; and
            (3) any operational or administrative protocols the Federal 
        Deposit Insurance Corporation and the National Credit Union 
        Administration would need to establish to implement and 
        administer the standard maximum deposit insurance amount 
        determined appropriate by the Federal Deposit Insurance 
        Corporation and the National Credit Union Administration, 
        including protocols for the annual adjustment described under 
        section 11(a)(1)(F) of the Federal Deposit Insurance Act.
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