To amend the Federal Deposit Insurance Act to provide deposit insurance for noninterest-bearing transaction accounts, and for other purposes.

H.R. 8087 would amend the Federal Deposit Insurance Act to provide deposit insurance coverage for noninterest-bearing transaction accounts. Currently, the FDIC insures most deposits up to $250,000 per depositor per bank, but this bill would potentially remove or expand deposit insurance limits specifically for noninterest-bearing transaction accounts—accounts that do not earn interest but are used for regular transactions like payroll and bill payments.

If enacted, this change could provide greater protection for businesses, nonprofits, and individuals who maintain large balances in noninterest-bearing checking accounts. The practical effect would be that depositors could hold larger amounts in these accounts without worrying about losing uninsured funds if a bank fails. The bill is currently in the House and has been referred to committee for consideration, but has not yet been voted on by the full chamber.