Main Street Depositor Protection Act
Sponsored by Hagerty, Bill (Republican-TN) · Senate · Introduced Mar 25, 2026
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Plain-English Summary (AI-assisted)
This bill would amend federal deposit insurance rules to provide full insurance coverage for noninterest-bearing transaction accounts (checking accounts that don't earn interest) without regard to the standard deposit insurance limit. Currently, the FDIC insures most deposits up to $250,000 per depositor per bank; this change would remove that cap for certain transaction accounts.
Legislative Status Timeline
Introduced
Mar 25, 2026
In Committee
Mar 25, 2026
Passed House
Pending
Passed Senate
Pending
Presidential Action
Pending
Sponsor
Hagerty, Bill
Independent · TN
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