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Updating Bank Deposit Insurance to Keep Pace With Inflation

This bill amends the Federal Deposit Insurance Act to update the inflation adjustment applicable to deposit insurance and share insurance by changing the base year and reference amounts.
Key points
Updates the inflation adjustment base year from 2010 to 2030.
Replaces the $100,000 figure with the standard maximum deposit insurance amount before any adjustment.
Changes the effective date reference to the date of enactment of the Growing Deposit Insurance for the Future Act.
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Status:
Introduced
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Additional Information
Growing Deposit Insurance for the Future Act
Print number: HR 8088
Sponsor: Rep. Meuser, Daniel [R-PA-9]
Process start date: 2026-03-25
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Summarized by: gemini-3.1-pro-preview
Source data: api.congress.gov
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Summary & Status

Key Questions about Updating Bank Deposit Insurance to Keep Pace With Inflation

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 8088.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2026-03-25.

What are the main provisions?

Key points include:

  • Updates the inflation adjustment base year from 2010 to 2030.
  • Replaces the $100,000 figure with the standard maximum deposit insurance amount before any adjustment.
  • Changes the effective date reference to the date of enactment of the Growing Deposit Insurance for the Future Act.

What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Meuser, Daniel [R-PA-9].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-04-13.

Analysis and Potential Impact of HR 8088

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy