H.R.8090

Federal HB8090 mandates the Federal Deposit Insurance Corporation and the National Credit Union Administration to analyze raising insurance coverage.

Federal HB8090 requires the Federal Deposit Insurance Corporation and the National Credit Union Administration to conduct analyses on covered transaction accounts. These analyses include determining the impact of higher insurance amounts, defining covered transaction accounts, and preventing mischaracterization of accounts. The bill also mandates studies on the effects of higher insurance amounts on competition, distributional impact, and safety and soundness of insured institutions. The findings must be made public.