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119-hr-4551Committee
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Employee Paycheck and Small Business Protection Act

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Summary

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This bill amends federal banking laws to expand deposit and share insurance coverage for business payment accounts at banks and credit unions. It establishes a program to fully insure deposits up to $100 million per depositor per institution for accounts used primarily for business transactions such as payroll and vendor payments. The bill requires the FDIC and NCUA to conduct data analysis and issue proposed and final rules within specified timeframes, with consideration given to financial system stability, competitive market structure, and the ability of businesses to meet payment obligations.

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Bill details

Congress
119
Bill type
hr
Introduced
July 21, 2025
Sponsor
Maxine WatersDCA
Last action
July 21, 2025— Referred to the Committee on Financial Services, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

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