Growing Deposit Insurance for the Future Act

This bill changes the rules for adjusting federal deposit insurance limits for inflation. It changes the year in the existing inflation adjustment process from 2010 to 2030. It bases the adjustment on the current standard maximum deposit insurance amount instead of $100,000. It measures inflation starting from the date this bill becomes law instead of the date set under a 2005 law.

Full text and official record on Congress.gov

Sponsors

• Daniel Meuser Republican sponsor
• 0 cosponsors