Daniel Meuser (R-PA)
Growing Deposit Insurance for the Future Act
A Republican bill with no cosponsors
Last activity — Referred to the House Committee on Financial Services.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill, titled the "Growing Deposit Insurance for the Future Act," seeks to amend the Federal Deposit Insurance Act. The primary purpose is to update the inflation adjustment used for deposit and share insurance. It proposes changing a specific year from 2010 to 2030. Additionally, it replaces a fixed $100,000 amount with a reference to the standard maximum deposit insurance amount. Finally, it adjusts the effective date for these adjustments to the date this Act is enacted.
Yes· 3 of 5
- Scored +3
Would people over 65 be better off under this?
Updating the inflation adjustment for deposit insurance helps protect the savings of seniors against inflation.
- Scored +3
Would middle-income households be better off under this?
Updating the insurance cap and inflation adjustment provides better protection for middle-class savings.
- Scored +3
Would retired people be better off under this?
The bill updates insurance protections to better account for inflation, which benefits retirees relying on stable deposits.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Updated Insurance Limits: By striking the specific "$100,000" amount and replacing it with the "standard maximum deposit insurance amount described in subparagraph (E)," the bill aims to update how insurance amounts are determined (Section 2).
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Updated Adjustment Timeline: Changing the year from "2010" to "2030" updates the baseline used for the inflation adjustment (Section 2).
Potential Negative Impacts for People
- No negative impacts or burdens are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would middle-income households be better off under this? — Updating the insurance cap and inflation adjustment provides better protection for middle-class savings. Would retired people be better off under this? — The bill updates insurance protections to better account for inflation, which benefits retirees relying on stable deposits. Would people over 65 be better off under this? — Updating the inflation adjustment for deposit insurance helps protect the savings of seniors against inflation. Would households on low incomes be better off under this? — The inflation adjustment mechanism helps ensure that deposit insurance coverage remains relevant for low-income savers.
- Economy And Finance
- Is this likely to grow the economy? — By tying deposit insurance to the standard maximum amount rather than a fixed $100,000, the bill helps maintain confidence in the banking system's stability.
- 3/25/2026
- Referred to the House Committee on Financial Services.
- Introduced in House