Main Street Depositor Protection Act
Current understanding
The Main Street Depositor Protection Act (S. 4198) was introduced in the 119th Congress and referred to the Senate Committee on Banking, Housing, and Urban Affairs. Substantive provisions and any changes to FDIC deposit insurance coverage or assessment structure are not yet detailed in this vault; status is ‘introduced’ (pre-committee action).
Evidence log
- 2026-02-05 — Main Street Depositor Protection Act: S.2999 (Main Street Depositor Protection Act) introduced in the Senate and referred to committee; bill text pending review to determine specific changes to deposit insurance or banking safety framework. (novelty: 2)
- 2026-03-25 — Growing Deposit Insurance for the Future Act: cross-connection with fdic-deposit-insurance-assessments: HR8088 joins the Main Street Depositor Protection Act as a 119th Congress vehicle for adjusting FDIC deposit insurance coverage. (novelty: 2)
- 2026-03-25 — 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.: cross-connection with transaction-account-insurance-coverage-study: Both bills revisit the statutory deposit insurance coverage ceiling; HR8090 mandates an FDIC/NCUA analysis of transaction account coverage, while the Main Street Depositor Protection Act pursues coverage changes directly. (novelty: 2)