Congress·In Committee·H.R. 8088

Growing Deposit Insurance for the Future Act

Bank Deposit Insurance: Inflation Adjustments

Mar 25·View on Congress.gov·Read full text

Next up: A house committee

This bill is currently in the House Committee on Financial Services. It has not seen any action since March 2026, which means it has been stalled for about three months. The House committee must review the bill before it can move forward, but most bills do not receive a committee vote.

Legislative Progress

House

Senate

President

Law

Unlikely to pass

Most bills introduced in the House do not make it past the committee stage. While it deals with a common issue, it currently lacks broad bipartisan support or a Senate companion.

Key Points

This bill changes how the government calculates inflation for bank deposit insurance. Currently, the FDIC protects your money if a bank fails. This plan ensures that the amount of money protected keeps up with the rising cost of living in the future.
The proposal updates the starting point for these calculations from the year 2010 to the year 2030. This helps make sure the math used to protect your savings stays current with the modern economy rather than using outdated numbers from years ago.
It affects almost everyone with a bank account or a credit union account. By making these updates, the bill aims to keep people's savings safe even as prices for goods and services go up over time. This provides more peace of mind for families saving for the future.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

Mar 25, 2026House

Referred to the House Committee on Financial Services.

Mar 25, 2026

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

No votes, news coverage, or related bills recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

Growing Deposit Insurance for the Future Act

Bill NumberHR 8088

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the House Committee on Financial Services.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Analysis generated by AI. Always verify with official sources.