To make permanent the temporary increase in deposit insurance coverage, and for other purposes.

Hozzl · 2025-04-07T15:35:14Z

Explore the details of House Bill 786 To make permanent the temporary increase in deposit insurance coverage, and for other purposes. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

4/7/2025, 3:35 PM

Summary of Bill HR 786

Bill 111 HR 786, also known as the "Deposit Insurance Coverage Extension Act," aims to make permanent the temporary increase in deposit insurance coverage that was put in place during the COVID-19 pandemic. This increase raised the standard deposit insurance coverage from $250,000 to $500,000 per depositor, providing greater protection for individuals' savings in the event of a bank failure.

The bill also includes provisions for other purposes related to deposit insurance, although specific details on these additional purposes are not provided in the summary. The goal of the legislation is to ensure that individuals' deposits are fully protected and to provide stability and confidence in the banking system.

Overall, Bill 111 HR 786 seeks to address the needs of depositors and strengthen the financial security of individuals by making the temporary increase in deposit insurance coverage permanent. The bill is currently under consideration in Congress and has the potential to have a significant impact on the banking industry and consumers' financial well-being.

Current Status of Bill HR 786

Bill HR 786 is currently in the status of Bill Introduced since February 2, 2009. Bill HR 786 was introduced during Congress 111 and was introduced to the House on February 2, 2009. Bill HR 786's most recent activity was Placed on the Union Calendar, Calendar No. 6. as of February 23, 2009