ICBA Thanks Lawmakers for Introducing New Bills Advancing the Deposit Insurance Debate

Washington, D.C. (March 25, 2026) - Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the introduction of several bills in the House and Senate to reform the nation's deposit insurance system.

"ICBA and the nation's community bankers thank members of Congress for introducing several bills that continue advancing the legislative debate over strengthening our nation's deposit insurance system. These efforts will help ensure community banks continue to support the needs of consumers and small businesses in local communities across America. We look forward to working with Congress to enhance the deposit insurance system to mitigate the risk of deposit flight from community banks to too-big-to-fail financial institutions during times of stress as we saw in the aftermath of the failure of Silicon Valley Bank."

In a statement for the record for a House Financial Services Committee hearing on deposit insurance reform last fall, ICBA laid out its key principles for deposit insurance reform, including requiring the largest banks to pay systemic risk premiums to fund the FDIC's Deposit Insurance Fund, extending insurance coverage for transaction accounts, and ensuring any reforms mitigate deposit insurance costs for community banks.

ICBA looks forward to continuing to work with the 119th Congress and the Trump administration on deposit insurance reforms and resolution requirements that support the local communities that community banks serve.

About ICBA

The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation's community banks through effective advocacy, education, and innovation.

As local and trusted sources of credit, America's community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers' financial goals and dreams. For more information, visit ICBA's website at icba.org.