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BillHR 8087 · 119

Main Street Depositor Protection Act

Introduced
Mar 25, 2026
Cosponsors
0
Traction
0
Last Action
Mar 25, 2026

Bill Summary

Protects depositors of main street banks by ensuring their deposits are insured and secure. Requires financial institutions to maintain sufficient funds to cover deposits in case of bank failures.

Sponsored By

Frank D. Lucas
Republican · Oklahoma · House

Bill Journey

  1. Mar 25, 2026
  2. Mar 25, 2026You Are Here

    The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.

  3. TBD

    The full chamber debates the bill, may amend it, and votes on whether to pass it.

  4. TBD

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  5. TBD

    If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

This bill affects depositors of main street banks, providing them with increased security and insurance for their deposits. It also impacts financial institutions, which would be required to maintain higher reserve levels to protect depositors' funds.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
1backer
  • Republican1
Cross-party cosponsors0 · 0%

Documents

1

Full text opens on congress.gov, the official source.

Bill Details

Bill TypeHouse Bill · Federal
Primary TopicMoney & Economy
IntroducedMar 25, 2026
Last UpdatedMar 25, 2026
Latest ActionReferred to the House Committee on Financial Services.
Subjects
  • Economy

Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.