Defense and Compliance Attorneys
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Republican leaders on the House Financial Services Committee have sent a detailed letter to FDIC Chairman Travis Hill demanding more granular data and answers to a series of questions as they consider possible reforms to the U.S. deposit insurance framework.
What Republicans Are Asking For
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Committee Republicans want the FDIC to provide additional data on insured and uninsured deposits, including more granular breakdowns than are available in current Call Report data.
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They say existing data are not sufficient to evaluate how different reform options would affect banks, the Deposit Insurance Fund, and overall system stability.
Why They Say Data Are Needed
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The members argue Congress must have “sufficient and accurate data” to ensure any reforms are responsive to clearly defined problems, precisely implemented, and based on a full understanding of costs.
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They frame deposit insurance changes as part of a broader, “data‑driven” review following recent debates over coverage limits and lessons from the 2023 regional bank failures.
Who Signed the Letter
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The letter is led by Chairman French Hill (R‑AR) and Vice Chairman Bill Huizenga (R‑MI).
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It is also signed by Republican subcommittee chairs including Ann Wagner, Andy Barr, Warren Davidson, Bryan Steil, Dan Meuser, Mike Flood, and Frank Lucas, reflecting a broad bloc of committee leadership.
Context: Ongoing Deposit Insurance Debate
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The House Financial Services Committee recently held a full committee hearing titled “The Future of Deposit Insurance: Exploring the Coverage, Costs, and Depositor Confidence,” examining the current framework and potential reforms.
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Lawmakers are weighing multiple bills and proposals, with Republicans stressing that any changes to deposit insurance should not substitute for sound bank risk management and effective supervision.
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