To authorize the Secretary of the Treasury to direct the Federal Deposit Insurance Corporation and the National Credit Union Administration to establish emergency transaction account guarantee programs, and for other purposes.
About This Bill
Committee
Latest Action · March 25, 2026
Referred to the House Committee on Financial Services.
H.R. 8075 authorizes the Treasury Secretary to direct the Federal Deposit Insurance Corporation and the National Credit Union Administration to create emergency guarantee programs that would fully protect non-interest-bearing checking and transaction accounts at banks and credit unions during severe banking crises. The programs would be triggered only when the Treasury Secretary, consulting with the President, determines that a banking stress event exists and that the guarantee program would prevent serious economic damage. Each program would run for up to six months, with a possible three-month extension if justified by the Treasury Secretary in a report to Congress, and any costs would be recovered through special assessments on participating financial institutions rather than taxpayer funding. Within 30 days of establishing a program, the Treasury Secretary must testify before Congress, and the Government Accountability Office must review the program within 90 days of its termination and report findings to Congress.
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