Increase deposit insurance coverage levels for business checking accounts at most banks and credit unions.

Senators Angela Alsobrooks (D-Md.) and Bill Hagerty (R-Tenn.) introduced the Main Street Depositor Protection Act, bipartisan legislation aimed at increasing deposit insurance coverage levels for business checking accounts at most banks and credit unions.

Alsobrooks has introduced bipartisan legislation to increase deposit insurance coverage for business checking accounts.

Alsobrooks, Hagerty Introduce Deposit Insurance Legislation
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Alsobrooks ... noted working with Sen. Bill Hagerty on a proposal to raise Federal Deposit Insurance Corporation coverage limits on business accounts.

Alsobrooks noted involvement in a legislative proposal to raise FDIC coverage limits on business accounts.

HBCU News - Sen. Angela Alsobrooks Highlights Economic Opportunity, Small Business Support, and HBCUs at Milken Institute Finance Conference
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“This bipartisan legislation would require a data-driven process to increase deposit insurance coverage levels for business checking accounts at most banks and credit unions,” Alsobrooks said.

Angela Alsobrooks pledged to require a data-driven process to increase deposit insurance coverage levels for business checking accounts at most banks and credit unions.

Lawmakers introduce revamped bipartisan deposit insurance bill | Semafor
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The Main Street Depositor Protection Act would raise the deposit insurance coverage limits for noninterest-bearing transaction accounts from $250,000 to $5 million for certain banks and credit unions. The legislation was reintroduced in the Senate by Sens. Angela Alsobrooks (D-Md.), Bill Hagerty (R-Tenn.) and others...

Angela Alsobrooks is supporting and reintroducing legislation to significantly raise the FDIC insurance limit for noninterest-bearing business accounts at banks and credit unions.

Lawmakers introduce deposit insurance reform bills | ABA Banking Journal
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The Main Street Depositor Protection Act, reintroduced by Senators Hagerty and Alsobrooks, aims to enhance financial stability by expanding deposit insurance coverage for noninterest-bearing transaction accounts. The bill directs the FDIC to set a new cap between $250,000 and $5 million for these accounts at eligible banks and credit unions.

Angela D. Alsobrooks is co-sponsoring legislation to increase deposit insurance caps for noninterest-bearing business accounts at eligible banks and credit unions, directing the FDIC to set the new cap between $250,000 and $5 million.

Hagerty, Alsobrooks, Colleagues Reintroduce Main Street Depositor Protection Act
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On March 25, 2026, Senators Angela Alsobrooks (D-Md.) and Bill Hagerty (R-Tenn.), along with other bipartisan colleagues, introduced the Main Street Depositor Protection Act. This legislation directs the Federal Deposit Insurance Corporation (FDIC) to set a new cap between $250,000 and $5 million of additional deposit insurance coverage for noninterest-bearing transaction accounts at eligible banks and credit unions.

Senator Alsobrooks co-introduced the Main Street Depositor Protection Act to increase deposit insurance coverage for business checking accounts.

partial same_term A for effort

Alsobrooks, Hagerty Introduce Deposit Insurance Legislation
primary · model gpt-4.1 · confidence 0%

The Main Street Depositor Protection Act, reintroduced by Senators Hagerty and Alsobrooks, aims to enhance financial stability by expanding deposit insurance coverage for noninterest-bearing transaction accounts. The bill directs the FDIC to set a new cap between $250,000 and $5 million for these accounts at eligible banks and credit unions.

The reintroduced bill seeks to increase deposit insurance coverage for business checking accounts, aligning with Senator Alsobrooks' commitment.

partial same_term A for effort

Hagerty, Alsobrooks, Colleagues Reintroduce Main Street Depositor Protection Act
primary · model gpt-4.1 · confidence 0%

Lawmakers in the House and Senate announced the introduction of four bills to revise the deposit insurance framework, focusing on noninterest-bearing transaction accounts. The Main Street Depositor Protection Act, reintroduced by Senators Alsobrooks and Hagerty, proposes raising the deposit insurance coverage limits for these accounts from $250,000 to $5 million for certain banks and credit unions.

The bipartisan bill introduced by Senator Alsobrooks aims to increase deposit insurance coverage for business checking accounts.

partial same_term A for effort

Lawmakers introduce deposit insurance reform bills | ABA Banking Journal
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A bipartisan pair of senators, including Angela Alsobrooks, introduced legislation that would give the FDIC six months to decide whether to raise its cap on deposit insurance as high as $5 million for some accounts. This bill is a narrower version of their earlier proposal to guarantee non-interest-bearing transaction accounts up to $10 million.

Senator Alsobrooks introduced a bill to potentially increase deposit insurance coverage for business checking accounts up to $5 million.

partial same_term A for effort

Lawmakers introduce revamped bipartisan deposit insurance bill | Semafor
primary · model gpt-4.1 · confidence 0%