,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #fchj  ,,in ,,the ,,house ,,of  
,,representatives  ,march #bd1 #bjbj,mr4
 ,green of ,texas 7for himself1 ,ms4    
,garcia of ,texas1 ,mr4 ,meeks1 ,mr4    
,cleaver1 and ,mrs4 ,beatty7 introduced 
the following bill2 which was referred  
to the ,committee on ,financial         
,services  ,a ,,bill  ,to temporarily   
provide for ,federal insurance of       
transaction accounts during the         
,,covid-#ai emergency4  #a4 ,insurance  
of transaction accounts  7a7 ,banks and 
savings associations  7#a7 ,amendments  
,section #aa7;a77#a7 of the ,federal    
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahba7;a77#a77 is amended-- 7,a7 in     
subparagraph 7,b7-- 7i7 by striking ,the
 net amount and inserting the following3
  7i7 ,in general ,subject to clause    
7ii71 the net amount  2 and  7ii7 by    
adding at the end the following new     
clauses3  7ii7 ,authorization for       
insurance for transaction accounts      
,notwithstanding clause 7i71 the        

,corporation may fully insure the net   
amount that any depositor at an insured 
depository institution maintains in a   
transaction account4 ,such amount shall 
not be taken into account when computing
 the net amount due to such depositor   
under clause 7i74  7iii7 ,transaction   
account defined ,for purposes of this   
subparagraph1 the term transaction      
account has the meaning given that term 
under section #ai of the ,federal       
,reserve ,act 7#ab ,u4,s4,c4 #dfa74  2  
and  7,b7 in subparagraph 7,c71 by      
striking subparagraph 7,b7 and inserting
 subparagraph 7,b77i74  7#b7            
,prospective repeal ,effective ,january 
#a1 #bjbb1 section #aa7;a77#a7 of the   
,federal ,deposit ,insurance ,act 7#ab  
,u4,s4,c4 #ahba7;a77#a771 as amended by 
paragraph 7#a71 is amended-- 7,a7 in    
subparagraph 7,b7-- 7i7 by striking     
deposit4-- and all that follows through 
clause 7ii71 the net amount and insert  
deposit4--,the net amount2 and  7ii7 by 
striking clauses 7ii7 and 7iii72 and    

7,b7 in subparagraph 7,c71 by striking  
subparagraph 7,b77i7 and inserting      
subparagraph 7,b74  7b7 ,credit unions  
7#a7 ,amendments ,section #bjg7k77#a7 of
 the ,federal ,credit ,union ,act 7#ab  
,u4,s4,c4 #aghg7k77#a77 is amended--    
7,a7 in subparagraph 7,a7-- 7i7 by      
striking ,subject to the provisions of  
paragraph 7#b71 the net amount and      
inserting the following3  7i7 ,net      
amount of insurance payable ,subject to 
clause 7ii7 and the provisions of       
paragraph 7#b71 the net amount  2 and   
7ii7 by adding at the end the following 
new clauses3  7ii7 ,authorization for   
insurance for transaction accounts      
,notwithstanding clause 7i71 the ,board 
may fully insure the net amount that any
 member or depositor at an insured      
credit union maintains in a transaction 
account4 ,such amount shall not be taken
 into account when computing the net    
amount due to such member or depositor  
under clause 7i74  7iii7 ,transaction   
account defined ,for purposes of this   

subparagraph1 the term transaction      
account has the meaning given that term 
under section #ai of the ,federal       
,reserve ,act 7#ab ,u4,s4,c4 #dfa74  2  
and  7,b7 in subparagraph 7,b71 by      
striking subparagraph 7,a7 and inserting
 subparagraph 7,a77i74  7#b7            
,prospective repeal ,effective ,january 
#a1 #bjbb1 section #bjg7k77#a7 of the   
,federal ,credit ,union ,act 7#ab       
,u4,s4,c4 #aghg7k77#a771 as amended by  
paragraph 7#a71 is amended-- 7,a7 in    
subparagraph 7,a7-- 7i7 by striking 7i7 
,net amount of insurance payable4-- and 
all that follows through paragraph 7#b71
 the net amount and inserting ,subject  
to the provisions of paragraph 7#b71 the
 net amount2 and  7ii7 by striking      
clauses 7ii7 and 7iii72 and  7,b7 in    
subparagraph 7,b71 by striking          
subparagraph 7,a77i7 and inserting      
subparagraph 7,a74  7c7 ,,covid-#ai     
emergency defined ,in this section1 the 
term ,,covid-#ai emergency means the    
period that begins upon the date of the 

enactment of this ,act and ends upon the
 date of the termination by the ,federal
 ,emergency ,management ,agency of the  
emergency declared on ,march #ac1 #bjbj1
 by the ,president under the ,robert ,t4
 ,stafford ,disaster ,relief and        
,emergency ,assistance ,act 7#db        
,u4,s4,c4 #daba et seq47 relating to the
 ,coronavirus ,disease #bjai            
7,,covid-#ai7 pandemic4