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HR10821
Bill to Change Bank Deposit Insurance Limits
Last scannedOct 19, 2026, 3:30 AM
In one sentence
This bill would change the standard limit for bank deposit insurance to $750,000 and require annual adjustments based on inflation.
What it does
- Changes the standard maximum deposit insurance amount from $250,000 to $750,000.
- Requires the Federal Deposit Insurance Corporation to adjust this amount every year on January 1 based on the Consumer Price Index for All Urban Consumers.
- Specifies that the new amount takes effect 180 days after the bill becomes law.
- Requires the Federal Deposit Insurance Corporation and the National Credit Union Administration to submit a joint report to Congress within one year.
- Directs the report to analyze the appropriate insurance amount, including considerations like asset amounts, deposit distributions, and effects on the Deposit Insurance Fund.
Who it affects
- Individuals and entities with bank deposits insured by the Federal Deposit Insurance Corporation.
- The Federal Deposit Insurance Corporation.
- The National Credit Union Administration.
Limits and unknowns
- The bill has not been passed into law and is currently in committee.
- The specific inflation adjustment amount for the first year is not calculated in the text.
Plain language
Terms to know
- Standard Maximum Deposit Insurance Amount
- The maximum amount of money the government guarantees to return to a depositor if their bank fails.
- Consumer Price Index for All Urban Consumers
- A measure of inflation published by the Bureau of Labor Statistics that tracks the average change in prices paid by consumers.
- Deposit Insurance Fund
- The fund used to pay out insurance claims when a bank fails.
Official record
Sources
Official activity
Bill history
- Referred to the House Committee on Financial Services.House floor actions
- Introduced in HouseLibrary of Congress
- Introduced in HouseLibrary of Congress