Main Street Depositor Protection Act
Bill Summary
Protects deposits in small and medium-sized banks by requiring the federal government to insure them, helping to prevent bank runs. Requires the government to reimburse depositors if a bank fails.
Sponsored By
Bill Journey
- Mar 25, 2026
- Mar 25, 2026You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
- TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- 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 in small and medium-sized banks, providing them with increased protection and reassurance that their money is safe. It also impacts these banks themselves, as they would be less likely to experience bank runs and more likely to maintain customer confidence.
Impact Areas
Support & Opposition
- Democratic3
- Republican4
Documents
1
Full text opens on congress.gov, the official source.
Cosponsors (6)
Bill Details
- 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.