,,ii #aaf? ,,congress #b;d ,session ,s4 #cbih ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,febru>y #ac1 #bjbj,mr4 ,rubio 7= himself1 ,mr4 ,cram]1 ,mr4 ,cotton1 & ,mrs4 ,blackburn7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to am5d ! ,f$]al ,deposit ,insurance ,act to p]mit ! ,f$]al ,deposit ,insurance ,corporation to t]m9ate ! insur$ /atus ( a depository in/itution t refuses to provide s]vices to c]ta9 ,f$]al contractors1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,f9ancial ,def5se = ,indu/rial ,contractors ,act or ! ,,fdic ,act4 #b4 ,t]m9ation ( insurance ,section #h ( ! ,f$]al ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahah7 is am5d$-- 7#a7 9 subsection 7a77#c71 by ins]t+ or 7x7 aft] subsection 7w72 & 7#b7 by add+ at ! end ! foll[+3 7x7 ,t]m9ation ( insurance relat+ to d5ial ( s]vices to ,f$]al contractors 7#a7 ,def9itions ,9 ?is subsection-- 7,a7 ! t]m contractor means an entity t-- 7i7 is a p>ty to a contract ) ! ,f$]al ,gov]nm5t2 7ii7 has compli$ ) all applicable laws & regulations 9 fulfill+ ! responsibilities ( ! entity ) respect to ! contract describ$ 9 clause 7i72 & 7iii7 satisfies traditional und]writ+ & cr$it /&>ds ) respect to ! bank+ s]vice s\ght by ! entity "u p>agraph 7#b72 & 7,b7 ! t]m cov]$ in/itution means an insur$ depository in/itution t has m ?an #ej1jjj1jjj1jjj 9 total consolidat$ assets4 7#b7 ,notice ( t]m9ation2 pret]m9ation he>+ ,if a cov]$ in/itution refuses to provide a bank+ s]vice s\ght by a contractor1 ! ,bo>d ( ,directors %all-- 7,a7 issue to ! insur$ depository in/itution a notice ( its int5tion to t]m9ate ! insur$ /atus ( ! insur$ depository in/itution2 & 7,b7 s*$ule a he>+ on ! matt]1 :i* %all be conduct$ 9 all respects z a t]m9ation he>+ pursuant to p>agraphs 7#c7 ?r\gh 7#e7 ( subsection 7a74 7#c7 ,tempor>y insurance ( previ\sly insur$ deposits ,^u t]m9ation ( ! insur$ /atus ( any depository in/itution pursuant to p>agraph 7#b71 ! deposits ( su* depository in/itution %all be treat$ 9 accordance ) subsection 7a77#g74 4