,,ii  #aah? ,,congress  #a/ ,session    
,s4 #cjab  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,octob] #d1 #bjbc,mr4  
,man*9 7= himself1 ,mr4 ,braun1 & ,mr4  
,hick5loop]7 introduc$ ! foll[+ bill2   
:i* 0 read twice & ref]r$ to !          
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs  ,a ,,bill  ,to am5d ! ,f$]al  
,deposit ,insurance ,act to provide =   
insurance = non9t]e/-be>+ transaction   
acc\nts1 & = o!r purposes4  #a4 ,%ort   
title ,?is ,act may be cit$ z ! ,deposit
 ,security ,act4  #b4 ,insurance (      
transaction acc\nts  7a7 ,banks & sav+s 
associations ,section #aa7;a77#a7 ( !   
,f$]al ,deposit ,insurance ,act 7#ab    
,u4,s4,c4 #ahba7;a77#a77 is am5d$-- 7#a7
 9 subp>agraph 7,b7-- 7,a7 by /rik+ ,!  
net am\nt & ins]t+ ! foll[+3  7i7 ,9    
g5]al ,subject to clause 7ii71 ! net    
am\nt  2 &  7,b7 by add+ at ! end !     
foll[+ new clauses3  7ii7 ,insurance =  
non9t]e/-be>+ transaction acc\nts       
,not)/&+ clause 7i71 ! ,corporation %all
 insure ! net am\nt t any depositor at  

an insur$ depository in/itution ma9ta9s 
9 a non9t]e/-be>+ transaction acc\nt 9  
an am\nt n m ?an #aj1jjj1jjj4 ,su* am\nt
 %all n be tak5 into acc\nt :5 comput+ !
 net am\nt due to su* depositor "u      
clause 7i74  7iii7 ,opt-out & opt-9     
7,i7 ,opt-out ,an insur$ depository     
in/itution may opt out ( ! insurance    
describ$ 9 clause 7ii7 dur+ ! #cj-;day  
p]iod beg9n+ on ! date on :i* ! program 
is e/abli%$4  7,,ii7 ,opt-9 ,an insur$  
depository in/itution t opts out "u     
subclause 7,i7 may opt into ! program e 
#e ye>s4  7iv7 ,non9t]e/-be>+           
transaction acc\nt def9$ ,= purposes (  
?is subp>agraph1 ! t]m non9t]e/-be>+    
transaction acc\nt means a deposit or   
acc\nt ma9ta9$ at an insur$ depository  
in/itution-- 7,i7 ) respect to :i*      
int]e/ is nei!r accru$ nor paid2  7,,ii7
 on :i* ! depositor or acc\nt hold] is  
p]mitt$ to make )drawals by negotiable  
or transf]able in/rum5t1 paym5t ord]s ( 
)drawal1 telephone or o!r electronic    
m$ia transf]s1 or o!r simil> items = !  

purpose ( mak+ paym5ts or transf]s to   
?ird p>ties or o!rs2 &  7,,iii7 on :i* !
 insur$ depository in/itution does n    
res]ve ! "r to require advance notice ( 
an int5d$ )drawal4  2 &  7#b7 9         
subp>agraph 7,c71 by /rik+ subp>agraph  
7,b7 & ins]t+ subp>agraph 7,b77i74  7b7 
,cr$it unions ,section #bjg7k77#a7 ( !  
,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4
 #aghg7k77#a77 is am5d$-- 7#a7 9        
subp>agraph 7,a7-- 7,a7 by /rik+        
,subject to ! provisions ( p>agraph     
7#b71 ! net am\nt & ins]t+ ! foll[+3    
7i7 ,net am\nt ( insurance payable      
,subject to clause 7ii7 & ! provisions (
 p>agraph 7#b71 ! net am\nt  2 &  7,b7  
by add+ at ! end ! foll[+ new clauses3  
7ii7 ,insurance = non9t]e/-be>+         
transaction acc\nts ,not)/&+ clause 7i71
 ! ,bo>d %all fully insure ! net am\nt t
 any memb] or depositor at an insur$    
cr$it union ma9ta9s 9 a non9t]e/-be>+   
transaction acc\nt 9 an am\nt n m ?an   
#aj1jjj1jjj4 ,su* am\nt %all n be tak5  
into acc\nt :5 comput+ ! net am\nt due  

to su* memb] or depositor "u clause 7i74
  7iii7 ,opt-out & opt-9  7,i7 ,opt-out 
,an insur$ cr$it union may opt out ( !  
insurance describ$ 9 clause 7ii7 dur+ ! 
#cj-;day p]iod beg9n+ on ! date on :i* !
 program is e/abli%$4  7,,ii7 ,opt-9 ,an
 insur$ cr$it union t opts out "u       
subclause 7,i7 may opt into ! program e 
#e ye>s4  7iv7 ,non9t]e/-be>+           
transaction acc\nt def9$ ,= purposes (  
?is subp>agraph1 ! t]m non9t]e/-be>+    
transaction acc\nt means an acc\nt or   
deposit ma9ta9$ at an insur$ cr$it      
union-- 7,i7 ) respect to :i* int]e/ is 
nei!r accru$ nor paid2  7,,ii7 on :i* ! 
acc\nt hold] or depositor is p]mitt$ to 
make )drawals by negotiable or          
transf]able in/rum5t1 paym5t ord]s (    
)drawal1 telephone or o!r electronic    
m$ia transf]s1 or o!r simil> items = !  
purpose ( mak+ paym5ts or transf]s to   
?ird p>ties or o!rs2 &  7,,iii7 on :i* !
 insur$ cr$it union does n res]ve ! "r  
to require advance notice ( an int5d$   
)drawal4  2 &  7#b7 9 subp>agraph 7,b71 

by /rik+ subp>agraph 7,a7 & ins]t+      
subp>agraph 7,a77i74  #c4 ,inflation    
adju/m5t ( deposit insurance limit      
,section #aa7;a77#a7 ( ! ,f$]al ,deposit
 ,insurance ,act 7#ab ,u4,s4,c4         
#ahba7;a77#a77 is am5d$ by /rik+        
subp>agraph 7,f7 & ins]t+ ! foll[+3     
7,f7 ,inflation adju/m5t ,! ,bo>d (     
,directors & ! ,national ,cr$it ,union  
,adm9i/ration ,bo>d %all jo9tly         
prescribe ! am\nt by :i* ! /&>d maximum 
deposit insurance am\nt & ! /&>d maximum
 %>e insurance am\nt 7z def9$ 9 section 
#bjg7k7 ( ! ,f$]al ,cr$it ,union ,act7  
applicable to any depositor at an insur$
 depository in/itution %all be adju/$ on
 ,janu>y #a once dur+ e #b-ye> p]iod to 
reflect ! p]c5tage increase1 if any1 f !
 prec$+ fiscal ye> 9 ! ,consum] ,price  
,index ,= ,all ,urban ,consum]s1 publi%$
 by ! ,bureau ( ,labor ,/ati/ics ( !    
,dep>tm5t ( ,labor74  4