Main Street Depositor Protection Act

Senate Bill

S. 2999

119th Congress

Main Street Depositor Protection Act

In Committee

Introduced:Feb 5, 2026

Primary Sponsor

Sponsor information unavailable

Cosponsors

0

Quick Stats

Summary

This bill appears to address protections for people who deposit money in banks, particularly focusing on smaller community banks and local financial institutions (Main Street). While the full text is not available, the title suggests it would establish or expand safeguards for everyday depositors' money held in these institutions.

Latest Action

Committee on Banking, Housing, and Urban Affairs. Hearings held.

Introduced2/5/2026

StatusCommittee on Banking, Housing, and Urban Affairs. Hearings held.

ChamberSenate

Data from Congress.gov

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Vote Prediction

Main Street Depositor Protection Act

This bill appears to address protections for people who deposit money in banks, particularly focusing on smaller community banks and local financial institutions (Main Street). While the full text is not available, the title suggests it would establish or expa

Community Breakdown

Pass

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Fail

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0 predictions

This bill appears to address protections for people who deposit money in banks, particularly focusing on smaller community banks and local financial institutions (Main Street). While the full text is not available, the title suggests it would establish or expand safeguards for everyday depositors' money held in these institutions.

Bill Number: 2999
Introduced: 2/5/2026
Status: Committee on Banking, Housing, and Urban Affairs. Hearings held.

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Main Street Depositor Protection Act
Bill Number: 2999
Sponsor: No sponsor
Status: Committee on Banking, Housing, and Urban Affairs. Hearings held.
Introduced: 2/5/2026
Summary: This bill appears to address protections for people who deposit money in banks, particularly focusing on smaller community banks and local financial institutions (Main Street). While the full text is not available, the title suggests it would establish or expand safeguards for everyday depositors' m

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill appears to address protections for people who deposit money in banks, particularly focusing on smaller community banks and local financial institutions (Main Street). While the full text is not available, the title suggests it would establish or expand safeguards for everyday depositors' money held in these institutions.

Last updated: 2/20/2026

Key Points

Main provisions of the bill

The bill likely focuses on protecting deposits held by everyday customers at community and regional banks.
It may establish new rules or expand existing protections for bank depositors beyond current federal insurance limits.
The legislation appears aimed at Main Street financial institutions rather than large Wall Street banks.
The bill has been reviewed in committee hearings by the Senate Banking, Housing, and Urban Affairs Committee.

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily affect individuals and small businesses who keep their money in local and regional banks. If passed, it could provide additional security for depositors' funds, potentially giving customers more confidence in keeping their money at smaller financial institutions rather than only at the largest national banks.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

2999, 119th Congress (2026). "Main Street Depositor Protection Act". Source: Voter's Right Platform. https://votersright.org/bills/119-s-2999

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