,i  #aahth ,,congress  #ast ,session    
,h4 ,r4 #cibh  ,,in ,,the ,,house ,,of  
,,representatives  ,june #g1 #bjbc ,mr4 
,schiff introduced the following bill2  
which was referred to the ,committee on 
,financial ,services  ,a ,,bill  ,to    
amend the ,federal ,deposit ,insurance  
,act to permit an insured depository    
institution to elect to have a higher   
standard maximum deposit insurance      
amount applicable to commercial deposits
 of the institution and to require      
higher assessments of such an           
institution1 to amend the ,federal      
,credit ,union ,act to provide a similar
 program for insured credit unions1 and 
for other purposes4  #a4 ,short title   
,this ,act may be cited as the ,deposit 
,insurance ,reform ,act of #bjbc4  #b4  
,election of higher standard maximum    
deposit insurance amount for commercial 
deposits ,section #aa of the ,federal   
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahba7 is amended by adding at the end  
the following3  7x7 ,election of higher 

standard maximum deposit insurance      
amount for commercial deposits  7#a7    
,multiple levels of deposit insurance   
,the ,corporation shall establish       
multiple levels of standard maximum     
deposit insurance amounts that are      
applicable to commercial deposits and   
are above the amount defined under      
subsection 7a77#a77;,e74  7#b7 ,election
 ,an insured depository institution may 
elect to apply a standard maximum       
deposit insurance amount established    
under paragraph 7#a7 to the commercial  
deposits of the insured depository      
institution4  7#c7 ,deposit ,insurance  
,fund assessments ,the ,corporation     
shall set the assessment rate of an     
insured depository institution making an
 election under paragraph 7#b7 at such  
higher rate as is necessary to reflect  
the increased risk to the ,deposit      
,insurance ,fund from the failure of an 
insured depository institution with a   
higher standard maximum deposit         
insurance4  7#d7 ,rulemaking ,the       

,corporation shall issue such rules as  
may be necessary to carry out this      
subsection4  7#e7 ,commercial deposits  
defined ,in this subsection1 the term   
commercial deposits means any deposits  
other than deposits of an individual    
7unless the individual is operating in  
the capacity of a sole proprietorship74 
4  #c4 ,election of higher standard     
maximum share insurance amount for      
commercial deposits ,section #bjg7k7 of 
the ,federal ,credit ,union ,act 7#ab   
,u4,s4,c4 #aghg7k77 is amended by adding
 at the end the following3  7#g7        
,election of higher standard maximum    
share insurance amount for commercial   
deposits  7,a7 ,multiple levels of share
 insurance ,the ,board shall establish  
multiple levels of standard maximum     
share insurance amounts that are        
applicable to commercial deposits and   
are above the amount defined under      
paragraph 7#f74  7,b7 ,election ,an     
insured credit union may elect to apply 
a standard maximum share insurance      

amount established under subparagraph   
7,a7 to the commercial deposits instead 
of the amount defined under paragraph   
7#f74  7,c7 ,fund premium charges ,the  
,board shall set the premium charge rate
 applicable to an insured credit union  
making an election under subparagraph   
7,b7 at such higher rate as is necessary
 to reflect the increased risk to the   
,fund from the failure of an insured    
credit union with a higher standard     
maximum share insurance amount4  7,d7   
,rulemaking ,the ,board shall issue such
 rules as may be necessary to carry out 
this paragraph4  7,e7 ,commercial       
deposits defined ,in this paragraph1 the
 term commercial deposits means any     
deposits other than deposits of an      
individual 7unless the individual is    
operating in the capacity of a sole     
proprietorship74  4