This legislation aims to modernize the process by which deposit and share insurance limits are adjusted for inflation under the Federal Deposit Insurance Act. By updating these mechanisms, the bill seeks to ensure that the value of insured deposits keeps pace with economic changes over time, providing greater protection for account holders. Specifically, the bill makes several key changes to the inflation adjustment formula. It revises the base year for calculating inflation adjustments from 2010 to 2030 . Furthermore, it stipulates that the starting amount for these adjustments will be the standard maximum deposit insurance amount , rather than a fixed $100,000, and resets the effective date for these adjustments to the date of the bill's enactment.