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Committee Republicans Introduce Proposals to Reform Deposit Insurance

Washington, March 25, 2026

This week, several Republican Members of the House Financial Services Committee introduced various proposals to reform the U.S. deposit insurance framework.

Full Committee Chairman French Hill (AR-02) stated, “As Congress considers these and other proposals, the Committee will continue to work in a data-driven manner. Our guiding principles are to ensure stability of the banking system, maintain depositor confidence, fairly apportion costs, enforce market discipline, and reduce moral hazard.”

This week, Republican Members of the Committee introduced the following bills: 

H.R. ____, a bill to authorize the Secretary of the Treasury to direct the Federal Deposit Insurance Corporation and the National Credit Union Administration to establish emergency transaction account guarantee programs, and for other purposes, introduced by Subcommittee on Financial Institutions Chairman Andy Barr (KY-06).

H.R. ____, the Growing Deposit Insurance for the Future Act, introduced by Subcommittee on Oversight and Investigations Chairman Dan Meuser (PA-09).

H.R. ____, the Main Street Depositor Protection Act, introduced by Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity Chaiman Frank Lucas (OK-03).

H.R.____, a bill to require the Federal Deposit Insurance Corporation and the National Credit Union Administration to carry out an analysis to determine whether insurance coverage should be raised on covered transaction accounts, and for other purposes, introduced by Rep. Marlin Stutzman (IN-03).

Further Background: 

  • On November 18, 2025, the Committee held a hearing entitled The Future of Deposit Insurance: Exploring the Coverage Costs, and Depositor Confidence to hear from experts about the costs and benefits of various deposit insurance reform proposals.
  • On December 15, 2025, Committee leadership sent a letter to the Federal Deposit Insurance Corporation (FDIC) with questions about the data banks currently submit on their quarterly Call Reports, whether the current data is adequate to implement proposed changes to deposit insurance coverage, and whether the current data is sufficient to estimate the additional assessments banks would be required to pay to fund any increase in insurance coverage.
  • The FDIC sent its response on December 31, 2025.

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