October 15, 2026
Mr. Gottheimer introduced the following bill; which was referred to the Committee on Financial Services
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.