Increases the standard maximum deposit insurance amount to $750,000 and requires a joint report from FDIC and NCUA.

The bill amends the Federal Deposit Insurance Act to increase the standard maximum deposit insurance amount from $250,000 to $750,000. It also mandates the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) to jointly submit a report to Congress within one year of enactment. The report must analyze the appropriate amount for the standard maximum deposit insurance amount, considering factors such as asset amounts held by institutions, deposit distribution, and the Deposit Insurance Fund.

Increases the standard maximum deposit insurance amount to $750,000 and requires a joint report from FDIC and NCUA.

The bill amends the Federal Deposit Insurance Act to increase the standard maximum deposit insurance amount from $250,000 to $750,000. It also mandates the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) to jointly submit a report to Congress within one year of enactment. The report must analyze the appropriate amount for the standard maximum deposit insurance amount, considering factors such as asset amounts held by institutions, deposit distribution, and the Deposit Insurance Fund.