Growing Deposit Insurance for the Future Act

Daniel Meuser

Republican · PA · Representative

Source: Congress.gov · FEC

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Referred to the House Committee on Financial Services.

2026-03-25

Source: Congress.gov

This bill would increase the amount of money the federal government guarantees to protect in individual bank accounts if a bank fails, likely raising the current $250,000 limit per account holder. The change would give depositors greater peace of mind that their savings are safe, though it could also increase costs for the insurance fund that backs these guarantees. Banks and their customers would be the primary groups affected by any increase in deposit protection.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8088 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8088 To amend the Federal Deposit Insurance Act to update the inflation adjustment applicable to deposit insurance and share insurance. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 25, 2026 Mr. Meuser introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To amend the Federal Deposit Insurance Act to update the inflation adjustment applicable to deposit insurance and share insurance. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Growing Deposit Insurance for the Future Act''. SEC. 2. INSURANCE INFLATION ADJUSTMENT. Section 11(a)(1)(F)(i) of the Federal Deposit Insurance Act (12 U.S.C. 1821(a)(1)(F)(i)) is amended-- (1) by striking ``2010'' and inserting ``2030''; (2) in subclause (I), by striking ``$100,000'' and inserting ``the standard maximum deposit insurance amount described in subparagraph (E), before any adjustment as provided under this subparagraph''; and (3) in subclause (II), by striking ``the date this subparagraph takes effect under the Federal Deposit Insurance Reform Act of 2005'' and inserting ``the date of enactment of the Growing Deposit Insurance for the Future Act''. <all>

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