The Future of Deposit Insurance: Exploring the Coverage, Costs, and Depositor... (EventID=118656)

Connect with the House Financial Services Committee
» Get the latest news: https://democrats-financialservices.h...
» Follow us on Facebook:   / ushousefsc  
» Follow us on Twitter: https://x.com/USHouseFSC
» Follow us on Instagram:   / ushousefsc  
» Follow us on Bluesky: https://bsky.app/profile/ushousefsc.b...
___________________________________

» Subscribe:    / @ushousefsc  

___________________________________

On Tuesday, November 18, 2025, at 10:00 a.m. (ET) full Committee Chairman Hill and Ranking Member Waters will host a hearing entitled, “The Future of Deposit Insurance: Exploring the Coverage, Costs, and Depositor Confidence."

___________________________________

Witnesses for this one-panel hearing will be:

• Mr. James “Jim” Ryan, Chairman and CEO, Old National Bancorp

• Mrs. Jill Castilla, President and CEO, Citizens Bank of Edmond

• Mr. Chris Furlow, President and CEO, Texas Bankers Association

• Mr. Grover Norquist, Founder and President, Americans for Tax Reform

• Mr. Jarryd E. Anderson, Partner and Co-Chair, Financial Services Group, Paul, Weiss, Rifkind, Wharton & Garrison LLP

___________________________________

This hearing will provide a comprehensive overview of the deposit and share insurance frameworks in the Unites States. It will explore the structure, function, and effectiveness of these frameworks in safeguarding depositors and promoting financial stability. The discussion will highlight the roles and responsibilities of the Federal Deposit Insurance Corporation (FDIC) and National Credit Union Administration (NCUA), the scope and limits of insurance coverage, and the funding mechanisms that support the deposit and share insurance funds. The hearing also will assess potential reforms and key policy considerations.

Legislation Noticed

1. H.R. ____, to require the FDIC and NCUA to carry out an analysis to determine whether insurance coverage should be raised on covered transaction accounts, and for other purposes: This discussion draft directs the FDIC and NCUA, respectively, to conduct studies on the scope, impact, and advisability of increased deposit insurance limits for low-to-no interest transaction accounts of businesses, non-profits, municipalities, and other similar organizations and to make the data and results of those studies publicly available.

2. H.R. ___, the Growing Deposit Insurance for the Future Act: This discussion draft makes updates to existing statutory language that requires the FDIC and NCUA to update the standard maximum deposit insurance amount (SMDIA) every five years to index for inflation. Current statutory language indexes the pre-Dodd Frank Act SMDIA of $100,000, making it functionally ineffective until an indeterminate date in the future. This bill updates the statutory indexing language to match the current SMDIA of $250,000 and mandates indexing from that level every five years.

3. H.R. ____, to authorize the FDIC and NCUA to establish emergency transaction account guarantee programs, and for other purposes: This discussion draft allows the FDIC and NCUA, respectively, to establish a temporary transaction account guarantee (TAG) program if authorized by a two-thirds majority of both the FDIC (or NCUA) and Federal Reserve Board and provided sign-off from the Secretary of the Treasury after consultation with the President. The initial duration of the program would be six months, with a single extension of three months allowed. Any further extensions require authorization from Congress. The Secretary of the Treasury, the Chairman of the Federal Reserve, and the Chairman of the FDIC (or NCUA) would be required to provide testimony to Congress following a TAG program’s creation and the Government Accountability Office would review the program and provide a report to Congress.

4. H.R. 4551, the Employee Paycheck and Small Business Protection Act (Waters): This bill requires the FDIC and NCUA to conduct a rulemaking to raise deposit insurance limits, up to a maximum of $100 million. The bill also allows the FDIC and NCUA to establish a temporary TAG program if authorized by a two-thirds majority of both the FDIC (or NCUA) and Federal Reserve Board and provided sign-off from the Secretary of the Treasury after consultation with the President.

5. H.R. ____, the Enhancing Bank Resolution Participation Act (Huizenga): This discussion draft directs the Office of the Comptroller of the Currency (OCC) and FDIC, in consultation with the Federal Reserve, to jointly study the...

___________________________________

#federalreserve #doddfrank #fdic #cfpb #occ #financialservices #regulation #sec #securities #securitiesandexchangecommission
___________________________________

Hearing page: https://democrats-financialservices.h...