WASHINGTON, March 25 -- Sen. Angela Alsobrooks issued the following press release:
As reported in Semafor (https://www.semafor.com/article/03/25/2026/lawmakers-introduce-revamped-bipartisan-deposit-insurance-bill), Senators Angela Alsobrooks (D-Md.), Bill Hagerty (R-Tenn.), Catherine Cortez Masto (D-Nev.), Jim Banks (R-Ind.), Ruben Gallego (D-Ariz.), and Cindy Hyde-Smith (R-Miss.) introduced the Main Street Depositor Protection Act.
"I am proud to have worked with Senator Hagerty to introduce our updated Main Street Depositor Protection Act with Senators Cortez Masto, Hyde-Smith, Gallego, and Banks. This bipartisan legislation would require a data driven process to increase deposit insurance coverage levels for business checking accounts ...