Medicare Patient Choice Act

House Bill

H.R. 4204

119th Congress

Medicare Patient Choice Act

In Committee

Introduced:Jun 26, 2025

Primary Sponsor

Lloyd Smucker

Representative

Republican

PA-11

Cosponsors

1

Quick Stats

Policy Area

Finance and Financial Sector

Summary

The Medicare Patient Choice Act aims to shield small banks and financial institutions from paying higher fees to the Federal Deposit Insurance Corporation (FDIC) in the event of a bank failure. It would exempt smaller banks from these special assessments and require the FDIC to ensure that smaller institutions pay a significantly smaller proportion of the assessment compared to larger banks.

Latest Action

Referred to the House Committee on Financial Services.

SponsorLloyd Smucker (R-PA)

Introduced6/26/2025

StatusReferred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce

ChamberHouse

Data from Congress.gov

See this page through your district lens

Enter ZIP to personalize representatives and vote context.

Stay on top of this issue

Subscribe for weekly bill and representative updates.

Vote Prediction

Medicare Patient Choice Act

The Medicare Patient Choice Act aims to shield small banks and financial institutions from paying higher fees to the Federal Deposit Insurance Corporation (FDIC) in the event of a bank failure. It would exempt smaller banks from these special assessments and r

Community Breakdown

Pass

0%

Fail

0%

0 predictions

The Medicare Patient Choice Act aims to shield small banks and financial institutions from paying higher fees to the Federal Deposit Insurance Corporation (FDIC) in the event of a bank failure. It would exempt smaller banks from these special assessments and require the FDIC to ensure that smaller institutions pay a significantly smaller proportion of the assessment compared to larger banks.

Bill Number: 4204
Sponsor: Lloyd Smucker (R-PA)
Introduced: 6/26/2025
Status: Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce
Policy Area: Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Medicare Patient Choice Act
Bill Number: 4204
Sponsor: Lloyd Smucker (R-PA)
Status: Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce
Introduced: 6/26/2025
Summary: The Medicare Patient Choice Act aims to shield small banks and financial institutions from paying higher fees to the Federal Deposit Insurance Corporation (FDIC) in the event of a bank failure. It would exempt smaller banks from these special assessments and require the FDIC to ensure that smaller i

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

The Medicare Patient Choice Act aims to shield small banks and financial institutions from paying higher fees to the Federal Deposit Insurance Corporation (FDIC) in the event of a bank failure. It would exempt smaller banks from these special assessments and require the FDIC to ensure that smaller institutions pay a significantly smaller proportion of the assessment compared to larger banks.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Shielding Community Banks from Systemic Risk Assessments Act This bill directs the Federal Deposit Insurance Corporation (FDIC) to exempt small insured depository institutions and depository institution holding companies from special assessments related to the use of FDIC's systemic risk authority. (In the event of a bank failure, FDIC may provide monetary assistance for the purpose of winding up the insured depository institution. FDIC then recovers any resulting loss through a special assessment on insured depository institutions, depository institution holding companies, or both.) Further, FDIC must graduate the amount of the special assessment so that, of the remaining institutions and companies that must pay the assessment, smaller institutions and companies pay a significantly smaller proportion than the largest.

Key Points

Main provisions of the bill

The bill would exempt small insured depository institutions and depository institution holding companies from FDIC special assessments related to the agency's systemic risk authority.
It would require the FDIC to graduate the amount of the special assessment so that smaller institutions pay a significantly smaller proportion than the largest institutions.
The goal is to protect smaller banks and financial firms from having to pay disproportionately high fees to the FDIC when a bank failure occurs.

How This Impacts Americans

Potential effects on citizens and communities

If this bill becomes law, it would directly benefit small banks and financial institutions by shielding them from having to pay higher fees to the FDIC. This could help maintain the financial health and stability of community banks, which play a crucial role in providing services and lending to local communities across the United States.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

4204, 119th Congress (2025). "Medicare Patient Choice Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-4204

Public Opinions

Community submissions related to this bill.

Share your opinion

No public opinions yet. Be the first to submit one for this bill.

Related Bills in Finance and Financial Sector

HR 2225

Access to Small Business Investor Capital Act

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban A

S 1381

Protecting Employees and Retirees in Business Bankruptcies Act of 2025

Read twice and referred to the Committee on the Judiciary. (text: CR S2523-2527: 2)

S 780

SAFE Lending Act of 2025

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR 2152

AI PLAN Act

Referred to the House Committee on Financial Services.