Sherrod Brown

Sen. Sherrod Brown, wearing a gray suit with a light blue shirt and a dark blue tie, speaks into a microphone mounted on a desk.

Democrats call for raising FDIC insurance limits at Senate hearing

BY: - July 24, 2023

WASHINGTON DC — Members of the Senate banking committee explored the pros and cons of reforming deposit insurance on Thursday, which has been a topic of debate among policymakers since the aftermath of bank collapses earlier this year. The Federal Deposit Insurance Corporation (FDIC) insures each depositor for up to $250,000 — a fact that […]