H.R. 8090 — To require the Federal Deposit Insurance Corporation and the National Credit Union Administration to carry out an analysis to determine whether insurance coverage should be raised on covered transaction accounts, and for other purposes.

This section directs the Federal Deposit Insurance Corporation (FDIC) Board of Directors and the National Credit Union Administration (NCUA) Board, not earlier than the end of the fourth full calendar quarter after enactment and not later than the end of the fifth full calendar quarter after enactment, to conduct parallel analyses of "covered transaction accounts" (i.e., transaction accounts held by businesses, nonprofits, municipalities, or similar organizations that are non-interest-bearing or pay de minimis interest/dividends). For both insured depository institutions (under FDIC) and insured credit unions (under NCUA), the analyses must (1) assess the extent to which higher standard maximum deposit/share insurance amounts should apply to such accounts; (2) evaluate economic impacts on the banking/credit union system; (3) define account characteristics and methods to prevent mischaracterization of other accounts; (4) analyze distributional effects of higher assessments on small, medium, and large institutions; (5) assess impacts on institution safety and soundness; (6) evaluate effects on competition in the banking/credit union sectors; and (7) publicly release the data and analyses.