Updates the inflation adjustment for deposit insurance under the Federal Deposit Insurance Act.
The Growing Deposit Insurance for the Future Act amends the Federal Deposit Insurance Act to update the inflation adjustment applicable to deposit insurance and share insurance. The bill modifies the date for the inflation adjustment to 2030, replacing the previous date of 2010. This change affects the standard maximum deposit insurance amount and the date of enactment of the Growing Deposit Insurance for the Future Act.
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