Search
 

Reid Submits Bill to Extend Unlimited FDIC Coverage (The Hill)

Transaction Account Guarantee program due to expire at year-end.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Senate Majority Leader Harry Reid, D-Nev., has introduced a bill that would extend the Federal Deposit Insurance Corp.’s Transaction Account Guarantee (TAG) program, The Hill reports. TAG, which provides unlimited FDIC coverage on non-interest-bearing checking accounts, affecting an estimated $1.4 trillion in assets.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Treasury and Risk

Treasury and Risk

Treasury and Risk Staff Writers

More from this author

Recommended Stories

Coronavirus Pandemic Slows M&A National Security Reviews

MP McQueen |

While mergers and acquisitions were declining as the novel coronavirus spread across the globe, the CFIUS, which reviews transactions for national security concerns, is also impacted by the new working conditions.

FDIC Eases Path for Amazon and Facebook to Become Lenders

Jesse Hamilton |

“Just before the last crisis, regulators gutted financial rules and even considered letting mega-corporations like Walmart own banks -- and here we go again,” said Sen. Sherrod Brown.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.