A bipartisan group of lawmakers has reintroduced legislation that would expand federal deposit insurance coverage for certain bank accounts, aiming to strengthen financial stability and protect small businesses. The Main Street Depositor Protection Act would direct the Federal Deposit Insurance Corporation (FDIC) to set a higher insurance cap for noninterest-bearing transaction accounts, such as business checking accounts used for payroll and day-to-day expenses. Additional sponsors include Sens. Jim Banks, Catherine Cortez Masto, Cindy Hyde-Smith and Ruben Gallego. Supporters argue the measure is intended to prevent bank runs and protect smaller financial institutions.