In the wake of the failures of Silicon Valley Bank, Signature Bank, and First Republic Bank (three of the four largest bank failures in U.S. history), Samuel G. Hanson and co-authors look at two trends over the past quarter century—the substantial growth of uninsured deposits and the migration of business lending to non-banks.

Uninsured deposits should be subjected to tougher regulatory requirements to guard against the type of situation that toppled three large regional banks last spring, the authors argue in their contribution to the Brookings Papers on Economic Activity (BPEA).

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Outcomes under the No Surprises Act. The No Surprises Act created an arbitration process to settle payment disputes between insurers and providers over affected out-of-network health services. Matthew Fiedler and Loren Adler conclude that there is a realistic possibility that the bill will raise in-network prices and premiums, the opposite of what Congressional Budget Office predicted and something that the lawmakers who crafted the law said they wished to avoid.

Protecting kids online. Of the many proposals to regulate digital platforms’ content moderation processes, the Kids Online Safety Act has come the farthest, says Quinta Jurecic. Writing for Lawfare, she discusses the legislation and what it portrays about tech policymaking.

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