Main Street Depositor Protection Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2999 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2999 To amend the Federal Deposit Insurance Act to provide deposit insurance for noninterest-bearing transaction accounts, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES October 9, 2025 Mr. Hagerty (for himself and Ms. Alsobrooks) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To amend the Federal Deposit Insurance Act to provide deposit insurance for noninterest-bearing transaction accounts, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Main Street Depositor Protection Act''. SEC. 2. TRANSACTION ACCOUNT INSURANCE. (a) Depository Institutions.-- (1) In general.--Section 11(a)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1821(a)(1)) is amended b…