S 4198 · 119th Congress

Main Street Depositor Protection Act

This bill expands federal deposit insurance to protect checking accounts that don't earn interest. Currently, the FDIC insures up to $250,000 per depositor at each bank. This bill adds extra protection specifically for non-interest-bearing transaction accounts—basically checking accounts where you can withdraw money…

Sponsor

Hagerty, Bill (R-Tennessee)

Introduced

2026-03-25

Policy area

Finance and Financial Sector