Video & Transcript Research : 'FDIC'
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US
US Federal 2025-2026 Regular Session
Business meeting to consider an original bill entitled, "GENIUS Act of 2025", and S.875, to curtail the political weaponization of Federal banking agencies by eliminating reputational risk as a component of the supervision of depository institutions. Mar 13th, 2025 at 09:00 am
Banking, Housing, and Urban Affairs Committee
Bills:
SB875
Keywords:
banking regulation, federal agencies, reputational risk, financial services, supervision, FIRM Act, bank supervision, depository institutions, federal banking agencies, FDIC, OCC, Federal Reserve, NCUA, CFPB, credit unions, Operation Choke Point, financial discrimination, safety and soundness, supervisory guidance, examination manual
Summary:
This meeting focused on the markup of the Genius Act and the FIRM Act, two significant pieces of legislation addressing stablecoin regulation and the financial industry's regulatory framework. The Chairman noted the importance of providing clarity to the digital asset community and protecting American consumers, while also promoting innovation and competition within the financial sector. Members of both parties expressed varying viewpoints, with some highlighting concerns related to national security and the potential risks associated with stablecoins.
LA
Transcript Highlights:
- Assumed name by a legitimate FDIC-insured bank.
- And being a banker, anything FDIC changes, we have to adhere to it.
- So as bankers, we're very cognizant of what FDIC says.
- But as bankers, we always follow anything FDIC is doing.
- You may do away with NCUA and just have FDIC.
Bills:
HB387, HB673, HB947, HB975, HB1102, HB1228, HB1229, HCR66, SB102, SB165, SB280, SB291, SB326, SB521
Keywords:
engineering, land surveying, construction, state fire marshal, plan review, security cameras, abandoned property, blighted structures, property management, digital assets, abandonment, custodian, escheatment, blockchain, cryptocurrency, unclaimed property, state treasurer, Department of Public Service, statutory entities, public administration
US
US Federal 2025-2026 Regular Session
Organizational business meeting to consider an original resolution authorizing expenditures by the committee during the 119th Congress; to be immediately followed by hearings to examine the real impacts of debanking in America. Feb 5th, 2025 at 09:00 am
Banking, Housing, and Urban Affairs Committee
Transcript Highlights:
- The FDIC, however, instructed it to stop that business.
- What you pay for your FDIC insurance goes up.
- Do you agree FDIC bank? Examiners are understaffed.
- The **FDIC** does a fantastic job of handling a failed bank.
- The **FDIC** was asking banks to pause their activity with crypto.
WY
Wyoming 2026 Regular Session
House Minerals, Business & Economic Development Committee, March 2, 2026
Minerals, Business & Economic Development
Transcript Highlights:
- >
like <00:19:51.760>a doesn't have to be FDIC insured like a doesn't have to be FDIC insured - Uh, if an SPDI were to fail, there is no FDIC insurance.
- A traditional bank, if that bank fails, we hand that over to the FDIC. They resolve it.
- those things where it's a without FDIC those things where it's a without FDIC insurance<00:28:59.440
- /c><00:32:03.600>
insured being FDIC insured, you're insured being FDIC insured, you're insured
US
US Federal 2025-2026 Regular Session
Hearings to examine the Semiannual Monetary Policy Report to the Congress, including S.257, to improve the resilience of critical supply chains. Feb 11th, 2025 at 09:00 am
Banking, Housing, and Urban Affairs Committee
Transcript Highlights:
- In fact, the FDIC filed a lawsuit against bank executives, which accused SVB of egregious mismanagement
- The FDIC, under President Trump's leadership, recently released never-before-seen supervisory documents
- I'm encouraged that the FDIC has begun the process of holding SVB executives accountable.
- Morgan, we would investigate, as could the OCC, the FDIC, and the FTC.
- Eager to get together with new colleagues from the FDIC, new leadership at the FDIC, and the OCC to try
Bills:
SB257
Keywords:
supply chain resilience, critical supply chains, critical goods, manufacturing, domestic manufacturing, reshoring, nearshoring, supply chain security, supply chain shock, supply chain disruption, critical infrastructure, emerging technologies, semiconductors, microelectronics, artificial intelligence, quantum computing, robotics, advanced manufacturing, blockchain, cybersecurity
WY
Wyoming 2026 Regular Session
Senate Minerals, Business & Economic Development Committee, February 18, 2026
Minerals, Business & Economic Development
Transcript Highlights:
- So if a traditional bank fails, they have FDIC insurance.
- is not required to have FDIC insurance; the FDIC is not involved.
- is not required to have FDIC insurance; the FDIC is not involved.
- Obviously, I don't think anybody anticipated at the time quite how big of a problem the FDIC was going
- <00:59:29.440>
insurance could meet needs without FDIC insurance could meet needs without
Keywords:
stable token, liquidity, trust account, Wyoming, fund distribution, financial regulation, state commission, decentralized, nonprofit association, merger, conversion, liability, membership, governance, indemnification, banking regulation, special purpose depository institution, conversion process, Wyoming state laws, financial services
NH
New Hampshire 2026 Regular Session
Commission to Study Stable Tokens (03/10/2026)
Transcript Highlights:
- We'll look at the FDIC and NCUA as well.
- And I at the FDIC and NCUA as well.
- activities and we'll see how the FDIC activities and we'll see how the FDIC authorizes<00:32:30.159
- The NCUA largely follows the FDIC in terms of timelines.
- <00:45:04.160>
and dependency that the OC, the FDIC and dependency that the OC, the FDIC and
Summary:
The meeting began with roll call and introductions of commission members and guests, followed by approval of the agenda and a motion to approve the February 10 minutes with a correction clarifying that one quoted statement was misattributed. The commission then moved into presentations.
The main presentation came from the Conference of State Bank Supervisors on implementation of the federal GENIUS Act for stablecoins. The speaker reviewed the OCC’s recent 367-page proposed rule, noting it raises many open questions and design choices for states, and discussed expected upcoming rulemaking from the FDIC, Federal Reserve, and Treasury. The presentation focused on six areas: permissible issuer activities, reserve assets and redemption, risk management and supervision, treatment of state-qualified issuers, capital/operational backstops, and foreign issuers. It also flagged unresolved issues around Bank Secrecy Act/AML requirements and the meaning of “digital asset service provider” activities.
A substantial portion of the discussion addressed yield restrictions, with the presenter explaining the OCC’s broad definition of yield and its rebuttable presumption against issuer-affiliated or related third-party yield arrangements. The speaker said this likely forecloses many existing white-label structures but leaves some room for third-party payments depending on distance from the issuer, and noted ongoing Senate debate over similar provisions. The presentation also covered reserve valuation, liquidity and diversification requirements, redemption timing, and supervisory expectations such as third-party oversight, IT security, exam cycles, and reporting. No additional votes or formal actions were taken beyond approving the amended minutes.
NH
New Hampshire 2025 Regular Session
House Commerce and Consumer Affairs (02/11/2025)
Transcript Highlights:
- because the FDIC provides the insurance for banks, and so the banks basically cowed what the FDIC wants
- <03:36:30.920>
has happening right now is the FDIC has happening right now is the FDIC has - <03:36:57.640>
because we're at the mercy of the FDIC because we're at the mercy of the FDIC - >
insurance <03:36:59.600>for the FDIC provides the insurance for the FDIC provides the - The FDIC defines as a safe asset is somewhat the tail that wags the dog.
Summary:
The discussion focused on a cannabis legalization/regulation bill and whether it should be retained for further study or moved forward. Members debated the fiscal impact, with one side emphasizing that the bill would cost about $7.1 million in the first two years before generating revenue, while supporters argued the House should make a statement in favor of legalization despite likely opposition from the Senate and governor. There was also disagreement over strategy: some said retaining the bill until closer to the next election would give the issue more visibility, while others said delaying would only avoid sending a bill the Senate was unlikely to take up anyway.
A major point of contention was whether cannabis should be regulated by a new cannabis commission or placed under the Liquor Commission. Supporters of the Liquor Commission argued it already has enforcement infrastructure, especially for age restrictions, and could handle cannabis more efficiently without creating a new bureaucracy. Opponents said cannabis is a different industry that would require specialized expertise, and they objected to expanding the Liquor Commission, which they described as unpopular and costly. The committee also discussed past versions of the bill, including concerns about limited licenses and the perception that the earlier approach favored large businesses.
Members reviewed specific provisions such as licensing fees, THC limits, and cultivation categories. One member noted a $10,000 fee for retail cannabis stores and cannabis product manufacturers authorized to perform extractions, while a smaller tier-one cultivator fee was described as a lower-cost option for small growers. There was also discussion of whether the bill would allow sales through general retail outlets or only dedicated cannabis stores, and whether plants and seeds were covered. No final vote or action was clearly recorded in the excerpt, but the main procedural question was whether to retain the bill for more work or advance it as written.
NH
Transcript Highlights:
- But what really drives it is the participation by the NCUA, the FDIC, and the Fed.
- But what really drives it is the participation by the NCUA, the FDIC, and the Fed.
- But what really drives it is the participation by the NCUA, the FDIC, and the Fed.
- But what really drives it is the participation by the NCUA, the FDIC, and the Fed.
- But what really drives it is the participation by the NCUA, the FDIC, and the Fed.
AL
Alabama 2026 Regular Session
Alabama Joint Contract Review Committee May 7th, 2026
Transcript Highlights:
- We have a new contract today for a former FDIC examiner who will be offering training in some specialized
- Uh, we're again very lucky to snag a former FDIC examiner while we can.
- FDIC examiner who will be offering FDIC examiner who will be offering training<00:10:36.640>
in <00:10:45.560>snag <00:10:46.160>a <00:10:46.240>former <00:10:46.600>FDIC - <00:10:47.160>
examiner lucky to snag a former FDIC examiner lucky to snag a former FDIC examiner
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Tuesday, May 19, 2026)
US Federal House Floor Meeting
Transcript Highlights:
- As a former FDIC insurance coverage.
- The bill also directs the FDIC to risk.
- The bill also directs the FDIC to study<05:09:11.520>
reciprocal <05:09:12.160>deposits - payroll and other expenses, the FDIC payroll and other expenses, the FDIC only<05:10:35.520>
- <05:36:38.958>
has <05:36:39.200>long <05:36:39.520>recognized The FDIC has
TX
Texas 89th Regular
Pensions, Investments & Financial Services Apr 14th, 2025
Pensions, Investments & Financial Services
Transcript Highlights:
- And since FDIC insurance... Limits deposit insurance to $250,000 per entity.
- To keep these funds both liquid and fully insured by the FDIC, I would need to identify and work with
- This program allows a participating bank to provide FDIC insurance on deposits exceeding the standard
- This helps maintain full FDIC coverage while enabling the investment of large sums.
- the funds are ultimately distributed to 12 banks nationwide with varying deposit amounts under the FDIC
Bills:
HB245, HB700, HB2783, HB3526, HB3900, HB4061, HB4124, HB4166, HB4395, HB4534, HB4609, HB4641, HB4736, HB4738, HB4739, HB4945, HB5015, HJR175, HB245
Keywords:
military service, retirement, law enforcement, custodial officer, Employees Retirement System, commercial financing, brokers, registration, disclosures, finance, consumer protection, fees, deferred compensation, automatic participation, county employees, payroll deductions, retirement plans, fiscal transparency, local government, bond issuance
NH
New Hampshire 2025 Regular Session
House Commerce and Consumer Affairs (05/06/2025)
Transcript Highlights:
- So all that does, that component of the bill, just aligns it with the current FDIC. Okay.
- The FDIC is three years, correct? So what? Yeah. Federally chartered. What are their limitations?
- They still have the FDIC as their federal regulator even though they are a state-chartered bank.
- They still have the FDIC um as Correct.
- FDIC. Okay. Thank you. You're welcome. FDIC. Okay. Thank you. You're welcome.
Summary:
The subcommittee took up HB 164, dealing with homeowners and certain service agreements tied to residential real estate. Much of the discussion focused on whether the bill should be framed as prohibiting “service agreements” or more specifically as banning “future right to listing” agreements, and whether the bill should mirror Maine’s newer law. Mike Padmore of AARP New Hampshire presented suggested edits, including clarifying that the agreements are unenforceable, striking a provision at Roman 6C, and adding language making clear that registry of deeds staff are not liable when they record documents they are statutorily required to file. Bob Quinn of the New Hampshire Association of Realtors said the bill and Maine’s law reach the same result, but he preferred simpler wording and argued the bill should not include a two-year time limit because legitimate listing agreements should not create liens at all.
Members and witnesses debated whether the bill should simply make the practice illegal outright, whether the Consumer Protection Act is the right enforcement vehicle, and whether the lien-removal process should be modeled on the recent undischarged mortgage bill. A consumer protection official said the bureau supports the statute and explained that under RSA 358-A, consumers could seek damages and equitable relief to strike a lien, while also noting that the bureau often uses the Consumer Protection Act as an enforcement tool. The committee also discussed narrowing the bill to residential real estate, with the sponsor and witnesses saying the problem has been seen in residential transactions and that commercial property was not the focus.
The testimony described the underlying problem as companies, often national rather than New Hampshire-based, using long-term or future listing agreements to impose liens or penalties on homeowners, sometimes in connection with estate transfers or home sales. Witnesses said legitimate real estate listings do not normally place liens on houses, but these arrangements can include hidden or unclear penalties, including a reported 3% charge on home value. No vote was taken in the excerpt, but the committee appeared to be working through possible amendments and whether to adopt Maine-style language or a simpler New Hampshire-specific approach.
MN
Minnesota 2025-2026 Regular Session
Committee on Commerce and Consumer Protection - 03/10/26
Commerce and Consumer Protection
Transcript Highlights:
- Larson said it is his understanding that banks or financial institutions regulated by the OCC and FDIC
- Larson said that banks or financial institutions regulated by the OCC and FDIC are actually allowed to
- <02:05:36.760>
certain We know the FDIC insures certain We know the FDIC insures certain accounts - insure it would would that does the FDIC insure it would it<02:05:50.640>
insure <02:05:51.000 - <02:06:07.480>
uh kind of a standard amount for FDIC uh kind of a standard amount for FDIC
MN
Minnesota 2025 1st Special Session
Press Conference: Outlining the Impact of Eliminating the US Consumer Financial Protection Bureau Feb 21st, 2025
Transcript Highlights:
- of the CFPB say, you know, it's a redundant government entity because there's the FTC, there's the FDIC
- entity because there's the FTC<00:18:26.440>
there's <00:18:26.679>the <00:18:27.280>FDIC - ><00:18:28.280>
anybody <00:18:28.600>want <00:18:28.799>want FTC there's the FDIC - anybody want want FTC there's the FDIC anybody want want to<00:18:29.000>
take <00:18:29.200><
HI
Transcript Highlights:
- Um there's no FDIC still a claimant.
- It is not the U.S. dollar, and also it is not FDIC insured.
- The fact that there is no FDIC insurance.
- The fact that it's there<01:38:43.440>
is <01:38:43.600>no <01:38:43.840>FDIC <01 - . uh the fact there is no FDIC insurance. uh the fact that<01:38:46.159>
there <01:38:46.400>
Summary:
The Hawaii State Senate Committee on Commerce and Consumer Protection held an informational briefing on digital assets, blockchain, and related regulatory developments. Chair Jarrett Keohoko said the committee was focusing on national and state policy issues around digital assets, while leaving the separate issue of Bitcoin kiosks and fraud to the House Consumer Protection Committee, which had already noticed a similar briefing. No public testimony was taken; the session was for informational updates and member questions.
Representatives from the Aptos Foundation, including JC Yun and Michael Cheng, gave a detailed presentation on blockchain basics and Aptos’s technology. They described blockchain as a tamper-resistant digital ledger, explained proof-of-work and proof-of-stake systems, and argued that proof-of-stake networks are faster, cheaper, and more environmentally friendly. They also emphasized smart contracts and potential uses beyond speculation, such as car titles, college transcripts, collectibles, digital IDs, real estate, and other tokenized assets.
The presenters highlighted Aptos’s Hawaii connections and said the technology could help local residents and businesses participate in the digital economy. They cited adoption statistics, including billions of transactions on Aptos, tokenized money market funds from major financial firms, micro-lending applications, decentralized cloud infrastructure, and the rapid growth of stablecoins. They acknowledged concerns about scams and consumer protection, but argued that the answer is stronger regulation and education rather than avoiding the technology altogether.
CA
California 2025-2026 Regular Session
Assembly Banking and Finance Committee Jun 8th, 2026
Banking and Finance
Transcript Highlights:
- Schultz’s members have to abide by—KYC, know your customer; AML, anti-money laundering; FDIC insurance
- And even if you say, well, this is FDIC insured, which I think the author has been trying to make that
Summary:
The committee heard AB 2285, a bill focused on cryptocurrency staking and related consumer protections. The author said the amendments would give California clearer guidelines for staking-as-a-service, preserve disclosure requirements, and remove a fee cap to allow a workable business model. Supporters, including the Crypto Council for Innovation, said the bill would give Californians access to an important blockchain utility and provide needed clarity.
Opposition came from the Consumer Federation of California, bankers, and credit unions, who argued the bill would weaken consumer protections, create an uneven playing field for state-chartered institutions, and move California into an unsettled federal debate over the Clarity Act. They also raised concerns about fraud, money laundering, and the bill’s effect on DFPI oversight, especially given pending litigation involving Coinbase and the state. The author responded that staking is distinct from buying crypto, that blockchain can improve traceability and security, and that the bill was still a work in progress with room for further amendments.
Members questioned whether the bill was premature given the evolving federal framework and whether it could be aligned with future federal law. The author said California should act where federal law is unclear and that the state should continue to lead on consumer protection and blockchain policy. The committee then adopted a due pass as amended motion on a 7-2 vote, and the bill was reported out.
CA
California 2025-2026 Regular Session
Assembly Banking and Finance Committee Jun 8th, 2026
Transcript Highlights:
- Schultz's members have to abide by, KYC, know your customer, AML, anti-money laundering, FDIC insurance
- And even if you say, well, this is FDIC insured, which I think the author has been trying to make that
Summary:
The committee took up AB 2285, a bill related to cryptocurrency staking and broader crypto regulatory issues. The author said the amendments would give California clearer guidelines for staking-as-a-service, maintain consumer disclosures, and remove a fee cap to make the business model workable. Supporters, including representatives of the Crypto Council for Innovation and the Satoshi Action Fund, said the bill would provide needed clarity and help Californians participate in blockchain-related opportunities.
Opposition came from the Consumer Federation of California and credit union representatives, who argued the bill would weaken consumer protections, create an uneven playing field for state-chartered institutions, and move California into the middle of unresolved federal debates over the Clarity Act. They also raised concerns about fraud, money laundering, and the effect of the bill on DFPI’s authority and pending litigation involving Coinbase. The author responded that staking is distinct from buying crypto, that blockchain can improve traceability, and that the bill was still a work in progress with room for further amendments.
Members discussed preemption, the pending federal framework, and whether the bill should wait until federal law is settled. The chair emphasized California’s role in setting policy and said other states were allowing consumers to benefit from staking. The committee ultimately adopted a due pass as amended motion and sent AB 2285 out on a 7-2 vote.
NY
Transcript Highlights:
- I also coordinated between the 12 banks, the 12 district banks, as well as the OCC and the FDIC in that
- We've had meetings, excuse me, with the Federal Reserve, with the FDIC, to get them online in terms of
Summary:
The Senate Banking Committee met for its first meeting of the session, with Chair James Sanders Jr. and Ranking Member George Borrello opening the hearing and noting a collaborative approach to committee work. The committee first considered and advanced several bills: S.114, which would prohibit state-chartered banks from investing in or financing private prisons; S.2040, which would require money transmitters to provide a consumer warning; S.5473, which would require disclosures in advertisements involving virtual tokens; and S.8406, Sanders’ bill to amend the community bank deposit program. Each bill was moved and approved by committee, with S.8406 passing unanimously.
The committee then heard from Caitlin Azar, Acting Superintendent of the Department of Financial Services (DFS), who outlined her background and DFS priorities. She emphasized affordability, consumer protection, stability, and innovation, and discussed DFS-led initiatives in the governor’s budget, including Banking Development Districts, non-bank mortgage CRA regulations, CDFI investment guidance, and consumer restitution. She also said DFS plans to issue buy-now-pay-later regulations in February, expand student lending protections and borrower education, and continue work on insurance affordability, including auto and homeowners insurance reforms, anti-fraud efforts, and discounts tied to telematics, dash cameras, and safe-driving courses.
Members questioned Azar about the balance between regulation and access, especially in crypto, buy-now-pay-later, and insurance markets. She said DFS aims to preserve competition while preventing discriminatory or excessive practices, and described existing oversight of virtual currency, including coordination with federal regulators. Another member asked about AI in auto insurance underwriting and pricing; Azar said DFS requires transparency, bias review, governance controls, and consumer recourse, and that credit scores cannot be used to deny or increase rates. The chair also raised concerns about foreclosure in Southeast Queens, improving BDD paperwork and data collection, and increasing the number of state-chartered credit unions. Azar said DFS is working on process improvements, community input, and maintaining open communication with the committee, but no additional votes or formal actions were taken during the DFS hearing.
CA
California 2025-2026 Regular Session
Assembly Banking and Finance Committee Apr 21st, 2025
Transcript Highlights:
- Further, the FDIC found in an updated study that the number of unbanked California households is continuing
- Further, the FDIC found in an updated study that the number of unbanked California households is continuing
- As referenced in the committee analysis, the 2021 FDIC Annual Report had shown that the Bank On program
Summary:
The Assembly Banking and Finance Committee heard several bills, beginning with AB 407, which would expand the California Pollution Control Financing Authority. The author said the measure would increase flexibility and access to resources, and the bill was approved 7-0 and sent to the Committee on Local Government. The committee also adopted the consent calendar, which included AB 76, by a 7-0 vote.
A lengthy portion of the meeting focused on AB 1065, which would prohibit swipe fees on the sales tax portion of credit card transactions. Supporters, including small business owners, restaurant and grocery representatives, and a payments-policy expert, argued the bill would reduce costs for merchants and consumers and rein in dominant card networks. Opponents, including banks, credit unions, and payment industry groups, argued the bill is likely preempted by federal law, would be difficult to implement, and could disproportionately affect community banks and credit unions. After extensive questioning about preemption, fraud, implementation, and consumer impacts, the committee rejected the bill on a 6-0 vote, but then granted reconsideration by a 7-1 vote.
The committee then heard AB 1365, which would create the Cal Account Program, a zero-fee, zero-penalty state banking account for unbanked and underbanked Californians. Supporters said the program would help low-income households, survivors of abuse, and others facing barriers to traditional banking, while opponents from community banks and credit unions argued existing low-cost accounts and the Bank On program already address the need and raised concerns about cost, feasibility, and duplication. The bill advanced on a 6-0 vote and later received enough votes on the reopened roll to move forward to the Committee on Labor and Employment.
The committee also approved AB 1052, which would create a legal framework for digital assets and address unclaimed digital property and restrictions on public officials issuing or promoting digital assets, and AB 1180, which would create a pilot program for paying state fees with digital financial assets and require a report on broader adoption. Both bills passed with broad support after brief testimony and discussion. Final roll calls later confirmed AB 1052 and AB 1180, along with AB 407 and AB 1365, were moved out of committee.