# 119-hr-8087: Main Street Depositor Protection Act

119-hr-8087, Main Street Depositor Protection Act, is a 119th Congress bill sponsored by Rep. Lucas, Frank D. [R-OK-3] (R-OK); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-8087
- 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-8087
- Congress: 119
- Title: Main Street Depositor Protection Act
- Status: introduced
- Introduced: 2026-03-25
- Sponsor: Rep. Lucas, Frank D. [R-OK-3] (R-OK)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Extended insurance for noninterest-bearing transaction accounts**. The bill creates a separate layer of federal deposit insurance for accounts that do not earn interest and adds it on top of the existing standard insurance limit.

## Provisions PRIA read

- More insurance for transaction accounts: benefit, high. This bill would require the FDIC to insure money in noninterest-bearing transaction accounts in addition to the standard limit. The FDIC must issue a rule within 6 months setting the extra insured amount at least equal to the current standard limit and no more than $5,000,000. The NCUA would insure…
- Small banks shielded from transition fees: benefit, medium. During the 10-year phase-in, banks with $10 billion or less in assets would not have to pay certain special assessments tied to the new transaction-account insurance. The bill would also bar assessment increases charged only to offset reserve impacts from the expanded coverage for those small banks…
- Excluded banks lose new coverage: cost, high. If enacted, the expanded insurance for noninterest transaction accounts would not apply to accounts at certain institutions. The bill would exclude insured depository institution subsidiaries of global systemically important bank holding companies and insured branches of foreign banks from the new…
- FDIC cap can't change without Congress: mixed, medium. The bill would say that once the FDIC sets the extra insured amount for noninterest transaction accounts, only Congress could change or repeal that amount. That gives depositors certainty about the level of protection. It also limits the FDIC's ability to adjust insurance levels without new legisla…

## Related bills

- 119-hr-3816: Weather Act Reauthorization Act of 2025
- 119-hr-5089: Weather Act Reauthorization Act of 2025
- 119-hr-137: TCJA Permanency Act
- 119-hr-6955: Main Street Capital Access Act
- 119-hr-7613: ALERT Act
- 119-hr-2548: Sanctioning Russia Act of 2025

## Sources
- [119-hr-8087 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8087)

## Related
- [119-hr-3816: Weather Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-hr-3816)
- [119-hr-5089: Weather Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-hr-5089)
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-6955: Main Street Capital Access Act](https://policyrisk.com/legislation/119-hr-6955)
- [119-hr-7613: ALERT Act](https://policyrisk.com/legislation/119-hr-7613)
- [119-hr-2548: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-hr-2548)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8087 (as of 2026-04-21).