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Press Release2026-02-04

Lucas and Bessent agree: Expanding deposit insurance strengthens the banking system

Frank D. Lucas
Frank D. Lucas
ROK-3 · Representative
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Lucas and Bessent agree: Expanding deposit insurance strengthens the banking system

Washington, DC – Today, the House Financial Services Committee held a hearing entitled, “The Annual Report of the Financial Stability Oversight Council” with Treasury Secretary Scott Bessent. Congressman Frank D. Lucas and Secretary Bessent discussed the urgent need for a targeted expansion of deposit insurance in order to put smaller institutions on a level playing […] The post Lucas and Bessent agree: Expanding deposit insurance strengthens the banking system appeared first on Frank Lucas .
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