Main Street Depositor Protection Act

TL;DR (AI)

• This bill amends the Federal Deposit Insurance Act to provide deposit insurance for noninterest-bearing transaction accounts.
• The bill establishes a maximum amount for insured noninterest-bearing transaction accounts, determined by a rule considering financial stability and the Deposit Insurance Fund.
• Insured depository institutions with assets of $10 billion or less are temporarily exempt from certain assessments during the transition period.