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Deposit Insurance - Are the deposits at my bank FDIC-insured? Deposits held at FDIC-insured depository institutions are insured up to $250,000 per...

Federal officials should have protected both banks' uninsured depositors by following the law's carefully designed framework for dealing with failures of systemically important banks.

The House passed the Financial CHOICE Act (H.R. 10) in June 2017. The CHOICE Act is a comprehensive financial regulatory reform bill that would replace large parts of the 2010 Dodd–Frank Act. The Senate has not yet passed its own reform bill, but the Senate Banking Committee recently passed the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155) with votes from four Democratic members of the committee.

In June 2017, the House passed H.R. 10, the Financial CHOICE Act. The CHOICE Act is a comprehensive financial regulatory reform bill that would replace large parts of the 2010 Dodd–Frank Wall Street Reform and Consumer Protection Act. The cornerstone of the CHOICE Act is a regulatory off-ramp, a provision that provides regulatory relief to all banks that choose to maintain a higher equity–capital ratio than currently required.

The Dodd–Frank Act is every bit as far-reaching in its consequences for the U.S. economy as Obamacare is for the U.S. health care system. Dodd–Frank relies on the federal government to plan, protect, and prop up the financial system, an approach based on the mistaken belief that the 2008 crisis stemmed from too little regulation in financial markets.