Odds Improving for Congress to Strike a Deal on FDIC Cap, Key US Senator Says
- Brown says handful of ideas being discussed ahead of hearing
- Senators discussing lifting $250,000 cap and who should pay
This article is for subscribers only.
Senate Banking Committee Chairman Sherrod Brown says prospects are improving for legislation lifting the Federal Deposit Insurance Corp. cap, as senators discuss several ideas ahead of a key hearing next week on the failures of Silicon Valley Bank and Signature Bank.
“There seems to be more commonality about what to do with FDIC than there was four or five days ago,” Brown told reporters Tuesday evening. “By our hearing next week, we may have some clarifying thoughts that there can be some consensus.”