H.R. 10821, Deposit Insurance Expansion. Quorum's AI analysis reads it as a trade-off: gains for some, costs for others.
H.R. 10821 · Mixed
What it does
This bill raises the federal deposit insurance limit from $250,000 to $750,000 per depositor per bank, effective 180 days after enactment, and adds automatic annual inflation adjustments tied to the Consumer Price Index. It also directs the FDIC and NCUA to study whether this new amount is appropriate and report back within one year.
The analysis names Large depositors (households with $250k–$750k in savings) — and 2 more groups — among the beneficiaries.
The trade-off
Raises the moral hazard threshold: banks can now attract and retain deposits up to $750k with full federal backing, reducing market incentive to maintain capital reserves or manage risk conservatively.
Transparency scores 85%, with a medium warning level and no provisions unrelated to the bill's subject.
Who is behind it
Filed by Josh Gottheimer.
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