To amend the Federal Deposit Insurance Act to provide deposit insurance for noninterest-bearing transaction accounts, and for other purposes

Currently, FDIC insurance typically covers deposits up to $250,000 per account. **Who it affects:** - Bank customers with noninterest-bearing checking accounts - Banks that offer these accounts - The FDIC insurance system **What would change:** Customers with basic checking accounts would have complete protection for their deposits, regardless of the amount. This means even deposits over $250,000 in these specific accounts would be fully insured against bank failures. **Current status:** The bill is still in committee and has not been voted on by Congress. This change would provide greater financial security for people and businesses using basic checking accounts while potentially increasing costs for the federal insurance system.