Marlin Stutzman

03/26/2026 | Press release | Distributed by Public on 03/26/2026 10:04

REP. STUTZMAN INTRODUCES LEGISLATION TO REFORM DEPOSIT INSURANCE

WASHINGTON, DC - Rep. Marlin Stutzman (IN-03) introduced a bill to require the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) to carry out an analysis to determine whether insurance coverage should be raised on covered transaction accounts, and for other purposes.
The legislation is one of various proposalsintroduced by House Financial Services Committee members to reform the U.S. deposit insurance framework.
Rep. Stutzman's legislation will direct the FDIC and the NCUA to conduct a comprehensive study that:
  • Evaluates whether higher deposit insurance coverage is warranted for transaction accounts, including business and nonprofit operating accounts.
  • Assesses the economic impact of increasing coverage on banks and credit unions.
  • Examines effects on financial stability, including safety-and-soundness considerations.
  • Analyzes how changes would influence competition among small, mid-sized, and large institutions.
  • Identifies potential incentives for depositors or institutions to reclassify accounts to obtain higher coverage and recommends safeguards to prevent abuse.
  • Reviews how increased insurance assessments would be distributed across institutions of different sizes.
"Policymakers should have the information they need to ensure the stability of our financial system and empower the banks and credit unions that serve Hoosier communities," said Rep. Stutzman. "My legislation will provide the tools needed to preserve the confidence of Americans when depositing their hard-earned savings into these institutions. I thank Chairman Hill for his leadership in keeping the American financial sector fair and secure."
Marlin Stutzman published this content on March 26, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on March 26, 2026 at 16:04 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]