# 119-hr-8075: To authorize the Secretary of the Treasury to direct the Federal Deposit Insurance Corporation and the National Credit Union Administration to establish emergency transaction account guarantee programs, and for other purposes.

119-hr-8075, To authorize the Secretary of the Treasury to direct the Federal Deposit Insurance Corporation and the National Credit Union Administration to establish emergency transaction account guarantee programs, and for other purposes., is a 119th Congress bill sponsored by Rep. Barr, Andy [R-KY-6] (R-KY); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-8075
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8075
- Congress: 119
- Title: To authorize the Secretary of the Treasury to direct the Federal Deposit Insurance Corporation and the National Credit Union Administration to establish emergency transaction account guarantee programs, and for other purposes.
- Status: introduced
- Introduced: 2026-03-25
- Sponsor: Rep. Barr, Andy [R-KY-6] (R-KY)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Creates temporary full insurance for non-interest-bearing transaction accounts during declared bank or credit union stress events.** The Treasury would be able to direct the FDIC and the National Credit Union Administration to set up short-term guarantee programs to protect those transaction balances when broad deposit instability threatens the financial system. - Families and everyday account holders: Would see their non-interest-bearing checking and transaction accounts fully protected while a Treasury-declared stress event is in effect. This covers accounts that do not pay interest or pay only a de minimis amount. - Banks and credit unions: Would face limits on program size set by the Treasury and could be hit with special assessments to repay any losses to the Deposit Insurance Fund or the National Credit Union Share Insurance Fund. Programs would end within 6 months and could be extended one time for 3 months with additional justification. - Oversight and transparency: The Treasury must consult the President before declaring a stress event and must testify to Congress within 30 days of starting a program. The Government Accountability Office must review the program and report within 90 days after it ends.

## Provisions PRIA read

- Temporary full insurance for bank checking: mixed, medium. If enacted, your non‑interest transaction account at an FDIC‑insured bank would be fully insured during a Treasury‑declared banking stress event. The Secretary of the Treasury and the President would have to first declare the event and set the maximum amount the Deposit Insurance Fund may spend bef…
- Temporary full insurance for credit union accounts: mixed, medium. If enacted, your non‑interest transaction account or share at an NCUA‑insured credit union would be fully insured during a Treasury‑declared credit union stress event. The Secretary of the Treasury and the President would have to first declare the event and set the maximum amount the Share Insuranc…

## Related bills

- 119-hr-137: TCJA Permanency Act
- 119-hr-4312: SCORE Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-6955: Main Street Capital Access Act
- 119-hr-8398: Guidelines for Use, Access, and Responsible Disclosure of Financial Data Act
- 119-hr-2246: Foreign Investment Guardrails to Help Thwart (FIGHT) China Act

## Sources
- [119-hr-8075 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8075)

## Related
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-4312: SCORE Act](https://policyrisk.com/legislation/119-hr-4312)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-6955: Main Street Capital Access Act](https://policyrisk.com/legislation/119-hr-6955)
- [119-hr-8398: Guidelines for Use, Access, and Responsible Disclosure of Financial Data Act](https://policyrisk.com/legislation/119-hr-8398)
- [119-hr-2246: Foreign Investment Guardrails to Help Thwart (FIGHT) China Act](https://policyrisk.com/legislation/119-hr-2246)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8075 (as of 2026-04-21).