,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #deea  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #ba1 #bjbe,ms4  
,wat]s introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,f9ancial     
,s]vices1 & 9 addition to ! ,committee  
on ,rules1 = a p]iod to be subsequ5tly  
det]m9$ by ! ,speak]1 9 ea* case =      
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to am5d ! ,f$]al ,deposit     
,insurance ,act & ! ,f$]al ,cr$it ,union
 ,act to au?orize a tempor>y transaction
 acc\nt gu>antee program1 exp& deposit &
 %>e insurance to cov] bus9ess paym5t   
acc\nts1 & = o!r purposes4  #a4 ,%ort   
title ,?is ,act may be cit$ z !         
,employee ,pay*eck & ,small ,bus9ess    
,protection ,act4  #b4 ,exp&$ insurance 
cov]age = bus9ess paym5t acc\nts  7a7   
,insur$ depository in/itutions  7#a7 ,9 
g5]al ,section #aa7;a7 ( ! ,f$]al       
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahba7;a77 is am5d$--  7,a7 9 p>agraph  
7#a77;,b71 by /rik+ ,! net am\nt &      

ins]t+ ,except z provid$ 9 p>agraph     
7#f71 ! net am\nt2 &  7,b7 by add+ at ! 
end ! foll[+3  7#f7 ,exp&$ insurance    
cov]age = bus9ess paym5t acc\nts  7,a7  
,insurance requir$ ,not)/&+ p>agraph    
7#a71 ! ,corporation %all e/abli% a     
program "u :i* ! ,corporation %all fully
 insure ! deposits t any depositor at an
 insur$ depository in/itution ma9ta9s 9 
a cov]$ transaction acc\nt 9 accordance 
) subp>agraph 7,b74  7,b7 ,am\nt ,!     
,corporation may only provide insurance 
= deposits "u subp>agraph 7,a7 9 an     
am\nt ( net deposits up to #ajj1jjj1jjj 
p] depositor p] depository in/itution4  
7,c7 ,exclusion f net am\nt ( insur$    
deposits ,any am\nt ( deposits insur$ "u
 ?is p>agraph %all n be tak5 into acc\nt
 :5 comput+ ! net am\nt due to su*      
depositor "u p>agraph 7#a77;,b74  7,d7  
,cov]$ transaction acc\nt def9$ ,9 ?is  
p>agraph1 ! t]m cov]$ transaction acc\nt
 means a deposit or acc\nt ma9ta9$ at an
 insur$ depository in/itution--  7i7 by 
a bus9ess1 non-pr(it1 municipality1 or  

simil> organization2  7ii7 us$          
pr$om9antly = transactions1 includ+     
payroll paym5ts1 v5dor paym5ts1 & any   
o!r regul> paym5ts made to support ! "w 
or mission ( ! acc\nt hold]2 &  7iii7 t 
is non-int]e/ be>+ or t pays int]e/     
mat]ially bel[ prevail+ m>ket rates1 z  
det]m9$ by ! ,corporation4  4  7#b7     
,applicability ,! am5dm5ts made by ?is  
subsection %all apply ) respect to a    
cov]$ transaction acc\nt 7z def9$ 9     
p>agraph 7#f77;,d7 ( section #aa7;a7 ( !
 ,f$]al ,deposit ,insurance ,act1 z add$
 by ?is section7 on ! date ( ! issuance 
( a f9al rule describ$ 9 subsection 7d74
  7b7 ,cr$it unions  7#a7 ,9 g5]al      
,section #bjg7k7 ( ! ,f$]al ,cr$it      
,union ,act 7#ab ,u4,s4,c4 #aghg7k77 is 
am5d$-- 7,a7 9 p>agraph 7#a77;,a71 by   
ins]t+ & except z provid$ 9 p>agraph    
7#g7 aft] p>agraph 7#b72 &  7,b7 by add+
 at ! end ! foll[+3  7#g7 ,exp&$        
insurance cov]age = bus9ess paym5t      
acc\nts  7,a7 ,insurance requir$        
,not)/&+ p>agraph 7#a71 ! ,bo>d %all    

e/abli% a program "u :i* ! ,bo>d %all   
fully insure ! deposits or %>es 9 memb]s
 acc\nts ( an insur$ cr$it union t are  
cov]$ transaction acc\nts 9 accordance )
 subp>agraph 7,b74  7,b7 ,am\nt ,! ,bo>d
 may only provide insurance "u          
subp>agraph 7,a7 9 an am\nt ( ! net     
deposits or %>es up to #ajj1jjj1jjj p]  
memb] p] insur$ cr$it union4  7,c7      
,exclusion f net am\nt ( insur$ deposits
 or %>es ,any am\nt ( deposits or %>es  
insur$ "u ?is p>agraph %all n be tak5   
into acc\nt :5 comput+ ! net am\nt due  
"u p>agraph 7#a77;,a74  7,d7 ,cov]$     
transaction acc\nt def9$ ,9 ?is         
p>agraph1 ! t]m cov]$ transaction acc\nt
 means a deposit1 %>e1 or acc\nt ma9ta9$
 at an insur$ cr$it union-- 7i7 by a    
bus9ess1 non-pr(it1 municipality1 or    
simil> organization2  7ii7 us$          
pr$om9antly = transactions1 includ+     
payroll paym5ts1 v5dor paym5ts1 & any   
o!r regul> paym5ts made to support ! "w 
or mission ( ! acc\nt hold]2 &  7iii7 t 
is non-int]e/ be>+ or t pays int]e/     

mat]ially bel[ prevail+ m>ket rates1 z  
det]m9$ by ! ,bo>d4  4  7#b7            
,applicability ,! am5dm5ts made by ?is  
subsection %all apply ) respect to a    
cov]$ transaction acc\nt 7z def9$ 9     
section #bjg7k77#g77;,d7 ( ! ,f$]al     
,cr$it ,union ,act1 z add$ by ?is       
section7 on ! date ( ! issuance ( a f9al
 rule describ$ 9 subsection 7d74  7c7   
,data collection & analysis  7#a7 ,9    
g5]al  7,a7 ,,fdic ,n lat] ?an #ij days 
aft] ! date ( ! enactm5t ( ?is ,act1 !  
,f$]al ,deposit ,insurance ,corporation 
%all beg9 collect+ & analyz+ data f     
insur$ depository in/itutions to e/abli%
 requirem5ts = ! program e/abli%$ "u    
p>agraph 7#f7 ( section #aa7;a7 ( !     
,f$]al ,deposit ,insurance ,act1 z add$ 
by ?is ,act1 includ+ to det]m9e !       
eligibility ( cov]$ transaction acc\nts 
& ! am\nt ( deposits to be insur$ "u su*
 program1 z appropriate4  7,b7 ,,ncua ,n
 lat] ?an #ij days aft] ! date ( !      
enactm5t ( ?is ,act1 ! ,national ,cr$it 
,union ,adm9i/ration ,bo>d %all beg9    

collect+ & analyz+ data f insur$ cr$it  
unions to e/abli% requirem5ts = !       
program e/abli%$ "u p>agraph 7#g7 (     
section #bjg7k7 ( ! ,f$]al ,cr$it ,union
 ,act1 z add$ by ?is ,act1 includ+ to   
det]m9e ! eligibility ( cov]$           
transaction acc\nts & ! am\nt ( deposits
 or %>es to be insur$ "u su* program1 z 
appropriate4  7#b7 ,elem5ts ,9 e/abli%+ 
! eligibility ( cov]$ transaction       
acc\nts & ! am\nt ( deposits or %>es to 
be insur$ z describ$ 9 p>agraph 7#a71 ! 
,f$]al ,deposit ,insurance ,corporation 
& ! ,national ,cr$it ,union             
,adm9i/ration ,bo>d1 respectively1 %all 
consid] ! foll[+3  7,a7 ,! eligibility (
 cov]$ transaction acc\nts & ! maximum  
insurance am\nt = su* deposits or %>es  
to promote safety & s\ndness ( insur$   
depository in/itutions & insur$ cr$it   
unions1 z applicable4  7,b7 ,!          
eligibility ( cov]$ transaction acc\nts 
& ! maximum insurance am\nt = su*       
deposits or %>es to promote /ability ( !
 f9ancial sy/em ( ! ,unit$ ,/ates4  7,c7

 ,! eligibility ( cov]$ transaction     
acc\nts & ! maximum insurance am\nt =   
su* deposits or %>es to promote a       
competitive depository m>ket /ructure t1
 z applicable1 includes-- 7i7 m9ority   
depository in/itutions 7z def9$ 9       
section #cjh ( ! ,f9ancial ,in/itutions 
,re=m1 ,recov]y1 & ,en=cem5t ,act (     
#aihi7 & m9ority insur$ cr$it unions2   
7ii7 rural depository in/itutions &     
rural insur$ cr$it unions2  7iii7       
depository in/itutions & cr$it unions t 
are community developm5t f9ancial       
in/itutions 7z def9$ 9 section #ajc7e7 (
 ! ,riegle ,community ,developm5t &     
,regulatory ,improvem5t ,act ( #aiid72 &
  7iv7 o!r l>ge1 small1 & m$ium-siz$    
insur$ depository in/itutions & insur$  
cr$it unions4  7,d7 ,! eligibility (    
cov]$ transaction acc\nts & ! maximum   
insurance am\nt = su* deposits or %>es  
to ensure hold]s ( cov]$ transaction    
acc\nts w\ld be able to meet paym5t     
obligations 9 a timely fa%ion1 includ+  
payroll & v5dor paym5t obligations4     

7,e7 ,! expect$ effect ( assessm5t or   
premium adju/m5ts on insur$ depository  
in/itutions & insur$ cr$it unions1 z    
applicable4  7#c7 ,publication ,n lat]  
?an #ah mon?s aft] ! date ( ! enactm5t (
 ?is ,act1 ! ,f$]al ,deposit ,insurance 
,corporation & ! ,national ,cr$it ,union
 ,adm9i/ration ,bo>d %all--  7,a7 make  
publicly available a report ) detail$   
analyses conduct$ "u ?is subsection1    
includ+ aggregat$ data2 &  7,b7 make    
available to ! ,committee on ,f9ancial  
,s]vices ( ! ,h\se ( ,repres5tatives &  
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs ( ! ,s5ate ! data collect$ "u  
?is subsection4  7d7 ,rulemak+  7#a7    
,propos$ rulemak+  7,a7 ,9 g5]al ,n lat]
 ?an #ah mon?s aft] ! date ( ! enactm5t 
( ?is ,act1 ! ,f$]al ,deposit ,insurance
 ,corporation & ! ,national ,cr$it      
,union ,adm9i/ration ,bo>d %all ea*     
issue a propos$ rule to c>ry out !      
requirem5ts ( ?is section & ! am5dm5ts  
made by ?is section4  7,b7 ,additional  
requirem5ts ,! ,f$]al ,deposit          

,insurance ,corporation & ! ,national   
,cr$it ,union ,adm9i/ration ,bo>d %all  
consult ) ! ,bo>d ( ,gov]nors ( ! ,f$]al
 ,res]ve ,sy/em & ! ,comptroll] ( !     
,curr5cy be=e issu+ a propos$ rule      
requir$ "u subp>agraph 7,a74  7,c7      
,te/imony ,! ,*airp]son ( ! ,f$]al      
,deposit ,insurance ,corporation & !    
,*airman ( ! ,national ,cr$it ,union    
,adm9i/ration ,bo>d %all te/ify be=e !  
,f9ancial ,s]vices ,committee ( ! ,h\se 
( ,repres5tatives & ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate1 at a "t det]m9$ by ! ,*airs ( ^?
 ,committees t is aft] ! date on :i* !  
propos$ rule describ$ 9 subp>agraph 7,a7
 is issu$4  7#b7 ,f9al rulemak+  7,a7 ,9
 g5]al ,n lat] ?an #cj mon?s aft] ! date
 ( ! enactm5t ( ?is ,act1 ! ,f$]al      
,deposit ,insurance ,corporation & !    
,national ,cr$it ,union ,adm9i/ration   
,bo>d %all ea* issue a f9al rule to c>ry
 out ! requirem5ts ( ?is section & !    
am5dm5ts made by ?is section4  7,b7     
,jo9t det]m9ations requir$ ,ea* rule    

describ$ "u subp>agraph 7,a7 %all conta9
 ! foll[+1 :i* %all be jo9tly det]m9$ by
 ! ,f$]al ,deposit ,insurance           
,corporation & ! ,national ,cr$it ,union
 ,adm9i/ration ,bo>d3 7i7 ,a def9ition (
 ! t]m deposits & deposits or %>es t    
applies to bo? programs4  7ii7 ,a       
maximum insurance am\nt = deposits or   
%>es held 9 a cov]$ transaction acc\nt t
 applies to bo? programs4  7#c7 ,failure
 to issue a f9al rule ,if ! ,f$]al      
,deposit ,insurance ,corporation or !   
,national ,cr$it ,union ,adm9i/ration   
,bo>d d n issue a f9al rule requir$ "u  
p>agraph 7#b7 be=e ! deadl9e describ$ 9 
t p>agraph--  7,a7 ! ,*air ( ea* ag5cy  
fail+ to issue a f9al rule %all-- 7i7   
te/ify be=e ! ,committee on ,f9ancial   
,s]vices ( ! ,h\se ( ,repres5tatives &  
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs ( ! ,s5ate reg>d+ ! reasons :y 
! ag5cy has n yet issu$ a f9al rule2 &  
7ii7 submit a report to su* ,committees 
t includes-- 7,i7 an assessm5t ( !      
b5efits & *all5ges pos$ by exp&+ deposit

 or %>e insurance z requir$1 z          
applicable1 "u ! program e/abli%$ "u    
p>agraph 7#f7 ( section #aa7;a7 ( !     
,f$]al ,deposit ,insurance ,act 7z add$ 
by ?is ,act7 & ! program e/abli%$ "u    
p>agraph 7#g7 ( section #bjg7k7 ( !     
,f$]al ,cr$it ,union ,act 7z add$ by ?is
 ,act72 &  7,,ii7 any recomm5dations =  
adm9i/rative or legislative             
modifications2 &  7,b7 ! ,comptroll]    
,g5]al ( ! ,unit$ ,/ate %all conduct a  
review ( ! reports requir$ "u subsection
 7c71 along ) any o!r relevant data1 &  
submit to ,congress a report on-- 7i7 ! 
b5efits & *all5ges pos$ by--  7,i7 !    
program e/abli%$ "u p>agraph 7#f7 (     
section #aa7;a7 ( ! ,f$]al ,deposit     
,insurance ,act1 z add$ by ?is ,act2 &  
7,,ii7 ! program e/abli%$ "u p>agraph   
7#g7 ( section #bjg7k7 ( ! ,f$]al ,cr$it
 ,union ,act1 z add$ by ?is ,act2 &     
7ii7 any recomm5dations = legislative or
 regulatory actions4  7e7 ,ext5sion (   
,deposit ,insurance ,fund & ,national   
,cr$it ,union ,%>e ,insurance ,fund     

re/oration plans ,a ,deposit ,insurance 
,fund re/oration plan 7z def9$ "u       
section #g7;b77#c77;,e7 ( ! ,f$]al      
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahag7;b77#c77;,e777 or a re/oration    
plan = ! ,national ,cr$it ,union ,%>e   
,insurance ,fund 7z describ$ 9 section  
#bjb7;c77#b77;,d7 ( ! ,f$]al ,cr$it     
,union ,act 7#ab ,u4,s4,c4              
#aghb7;c77#b77;,d777 9 effect on ! date 
( ! enactm5t ( ?is ,act %all be ext5d$ =
 a p]iod ( #h ye>s beg9n+ on ! effective
 date ( a f9al rule issu$ by !          
applicable ag5cy pursuant to subsection 
7d74  #c4 ,tempor>y ,transaction ,acc\nt
 ,gu>antee ,program  7a7 ,insur$        
depository in/itutions ,section #ac ( ! 
,f$]al ,deposit ,insurance ,act 7#ab    
,u4,s4,c4 #ahbc7 is am5d$ by add+ at !  
end ! foll[+3  7l7 ,insurance ( c]ta9   
un9sur$ deposits ,to pres]ve f9ancial   
/ability  7#a7 ,e/abli%m5t ( ,program   
framework ,! ,corporation %all1 by rule1
 e/abli% a framework = a ,tempor>y      
,transaction ,acc\nt ,gu>antee ,program 

7! ,program7 "u :i* ! ,corporation fully
 insures ! net am\nt any depositor at an
 insur$ depository in/itution ma9ta9s 9 
a cov]$ transaction acc\nt = a s+le     
p]iod n to exce$ #ahj days4  7#b7       
,implem5tation ,! ,corporation may      
implem5t ! ,program only if1 ^u ! writt5
 recomm5dation ( ! ,bo>d ( ,directors   
7^u a vote ( n less ?an two-?irds ( !   
memb]s ( ! ,bo>d ( ,directors7 & ! ,bo>d
 ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em  
7^u a vote ( n less ?an two-?irds ( !   
memb]s ( su* ,bo>d71 ! ,secret>y ( !    
,treasury 79 consultation ) ! ,presid5t7
 det]m9es t ! failure to implem5t !     
program w\ld h s]i\s adv]se effects on  
f9ancial /ability or economic conditions
 9 ! ,unit$ ,/ates4  7#c7 ,eligibility  
,an insolv5t insur$ depository          
in/itution is n eligible to be enroll$ 9
 ! ,program4  7#d7 ,fund+ ,9 implem5t+ !
 ,program1 ! ,corporation may-- 7,a7    
e/abli% assessm5ts on insur$ depository 
in/itutions t p>ticipate 9 ! ,program2 &
  7,b7 use am\nts available 9 ! ,deposit

 ,insurance ,fund4  7#e7 ,ext5sion ,!   
,corporation may ext5d ! p]iod describ$ 
9 p>agraph 7#b7 = an additional #ij days
 if--  7,a7 ! ,bo>d ( ,directors 7^u a  
vote ( n less ?an two-?irds ( ! memb]s (
 ! ,bo>d ( ,directors71 ! ,bo>d (       
,gov]nors ( ! ,f$]al ,res]ve ,sy/em 7^u 
a vote ( n less ?an two-?irds ( ! memb]s
 ( su* ,bo>d71 & ! ,secret>y 79         
consultation ) ! ,presid5t7 det]m9es t !
 failure to ext5d su* program w\ld h    
s]i\s adv]se effects on f9ancial        
/ability or economic conditions 9 !     
,unit$ ,/ates2 &  7,b7 ! ,secret>y ( !  
,treasury submits to ,congress a report 
conta9+ data & analysis1 includ+ data & 
analysis f ! ,bo>d ( ,directors & !     
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em1 ju/ify+ su* ext5sion4  7#f7     
,te/imony ,n lat] ?an #de days aft] any 
implem5tation ( ! ,program1 ! ,*airp]son
 ( ! ,bo>d ( ,directors1 ! ,*airman ( ! 
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em1 & ! ,secret>y ( ! ,treasury %all
 provide te/imony to ! ,committee on    

,f9ancial ,s]vices ,committee ( ! ,h\se 
( ,repres5tatives & ! ,committee on     
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate describ+ ! data1 analysis1 &     
ju/ification = implem5t+ ! ,program4    
7#g7 ,,gao report ,n lat] ?an #ij days  
aft] any implem5tation ( ! ,program1 !  
,comptroll] ,g5]al ( ! ,unit$ ,/ates    
%all submit to ,congress a report       
describ+ ! implem5tation ( ! ,program4  
7#h7 ,cov]$ transaction acc\nt def9$ ,9 
?is subsection1 ! t]m cov]$ transaction 
acc\nt means a transaction acc\nt t is  
non-int]e/ be>+ or t pays int]e/        
mat]ially bel[ prevail+ m>ket rates1 z  
det]m9$ by ! ,corporation4  7#i7        
,t]m9ation  7,a7 ,9 g5]al ,any          
implem5tation ( ! ,program %all t]m9ate 
n lat] ?an #bgj days aft] ! date (      
implem5tation unless ! ,bo>d (          
,directors 7^u a vote ( n less ?an      
two-?irds ( ! memb]s ( ! ,bo>d (        
,directors7 & ! ,bo>d ( ,gov]nors ( !   
,f$]al ,res]ve ,sy/em 7^u a vote ( n    
less ?an two-?irds ( ! memb]s ( su*     

,bo>d7 submits to ! ,secret>y ( !       
,treasury a writt5 recomm5dation to n   
t]m9ate ! program1 &--  7i7 ! ,secret>y 
( ! ,treasury-- 7,i7 submits to         
,congress a report conta9+ data &       
analysis to ju/ify n t]m9at+ ! ,program 
t includes data & analysis f ! ,bo>d (  
,directors & ! ,bo>d ( ,gov]nors ( !    
,f$]al ,res]ve ,sy/em2 &  7,,ii7 reque/s
 approval f ,congress to ext5d !        
,program = a specifi$ p]iod ( "t2 &     
7ii7 a jo9t resolution ( approval is    
enact$ to ext5d ! ,program4  7,b7       
,proc$ures = jo9t resolution ( approval 
,! proc$ures provid$ = congressional    
consid]ation ( a jo9t resolution "u     
section #aaje7;d7 ( ! ,dodd-,frank ,wall
 ,/reet ,re=m & ,consum] ,protection    
,act %all apply to a jo9t resolution (  
approval describ$ "u subp>agraph        
7,a77ii74  4  7b7 ,insur$ cr$it unions  
,section #bjg ( ! ,f$]al ,cr$it ,union  
,act 7#ab ,u4,s4,c4 #aghg7 is am5d$ by  
add+ at ! end ! foll[+3  7s7 ,insurance 
( c]ta9 un9sur$ deposits ,to pres]ve    

f9ancial /ability  7#a7 ,9 g5]al ,!     
,national ,cr$it ,union ,adm9i/ration   
,bo>d may e/abli% a program "u :i* !    
,bo>d fully insures ! net am\nt 9 memb] 
acc\nts ( an insur$ cr$it union t are   
cov]$ transaction acc\nts = a s+le p]iod
 n to exce$ #ahj days if1 ^u ! writt5   
recomm5dation ( su* ,bo>d 7^u a vote ( n
 less ?an two-?irds ( ! memb]s ( su*    
,bo>d7 & ! ,bo>d ( ,gov]nors ( ! ,f$]al 
,res]ve ,sy/em 7^u a vote ( n less ?an  
two-?irds ( ! memb]s ( su* ,bo>d71 !    
,secret>y ( ! ,treasury 79 consultation 
) ! ,presid5t7 det]m9es t ! failure to  
e/abli% su* program w\ld h s]i\s adv]se 
effects on f9ancial /ability or economic
 conditions 9 ! ,unit$ ,/ates4  7#b7    
,eligibility ,an insolv5t insur$ cr$it  
union is n eligible to be enroll$ 9 a   
program e/abli%$ "u ?is subsection4     
7#c7 ,fund+ ,to c>ry out a program "u   
?is subsection1 ! ,bo>d may-- 7,a7      
e/abli% assessm5ts on insur$ cr$it      
unions t p>ticipate 9 su* a program2 &  
7,b7 use am\nts available 9 ! ,fund4    

7#d7 ,ext5sion ,! ,national ,cr$it      
,union ,adm9i/ration ,bo>d may ext5d !  
p]iod describ$ 9 p>agraph 7#a7 = an     
additional #ij days if--  7,a7 !        
,national ,cr$it ,union ,adm9i/ration   
,bo>d 7^u a vote ( n less ?an two-?irds 
( ! memb]s ( su* ,bo>d71 ! ,bo>d (      
,gov]nors ( ! ,f$]al ,res]ve ,sy/em 7^u 
a vote ( n less ?an two-?irds ( ! memb]s
 ( su* ,bo>d71 & ! ,secret>y ( !        
,treasury 79 consultation ) ! ,presid5t7
 det]m9es t ! failure to ext5d su*      
program w\ld h s]i\s adv]se effects on  
f9ancial /ability or economic conditions
 9 ! ,unit$ ,/ates2 &  7,b7 ! ,secret>y 
( ! ,treasury submits to ,congress a    
report conta9+ data & analysis1 includ+ 
data & analysis f ! ,bo>d ( ,directors &
 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve 
,sy/em1 ju/ify+ su* ext5sion4  7#e7     
,te/imony ,n lat] ?an #de days aft] !   
e/abli%m5t ( a program "u ?is           
subsection1 ! ,*airman1 ! ,*airman ( !  
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em1 & ! ,secret>y ( ! ,treasury %all

 provide te/imony to ! ,committee on    
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives & ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate describ+ ! data1 analysis1 &     
ju/ification = e/abli%+ ! program "u ?is
 subsection4  7#f7 ,,gao report ,n lat] 
?an #ij days aft] ! e/abli%m5t ( a      
program "u ?is subsection1 ! ,comptroll]
 ,g5]al ( ! ,unit$ ,/ates %all submit to
 ,congress a report describ+ !          
e/abli%m5t ( su* program4  7#g7 ,cov]$  
transaction acc\nt def9$ ,9 ?is         
subsection1 ! t]m cov]$ transaction     
acc\nt means a transaction acc\nt t is  
non-int]e/ be>+ or t pays int]e/        
mat]ially bel[ prevail+ m>ket rates1 z  
det]m9$ by ! ,national ,cr$it ,union    
,adm9i/ration ,bo>d4  7#h7 ,t]m9ation   
7,a7 ,9 g5]al ,a program e/abli%$ "u ?is
 subsection %all t]m9ate n lat] ?an #bgj
 days aft] ! date ( e/abli%m5t unless ! 
,bo>d 7^u a vote ( n less ?an two-?irds 
( ! memb]s ( su* ,bo>d7 & ! ,bo>d (     
,gov]nors ( ! ,f$]al ,res]ve ,sy/em 7^u 

a vote ( n less ?an two-?irds ( ! memb]s
 ( su* ,bo>d7 submits to ! ,secret>y ( !
 ,treasury a writt5 recomm5dation to n  
t]m9ate ! program1 &--  7i7 ! ,secret>y 
( ! ,treasury-- 7,i7 submits to         
,congress a report conta9+ data &       
analysis to ju/ify n t]m9at+ ! program t
 includes data & analysis f ! ,bo>d & ! 
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em2 &  7,,ii7 reque/s approval f    
,congress to ext5d ! program = a        
specifi$ p]iod ( "t2 &  7ii7 a jo9t     
resolution ( approval is enact$ to ext5d
 ! program4  7,b7 ,proc$ures = jo9t     
resolution ( approval ,! proc$ures      
provid$ = congressional consid]ation ( a
 jo9t resolution "u section #aaje7;d7 ( 
! ,dodd-,frank ,wall ,/reet ,re=m &     
,consum] ,protection ,act %all apply to 
a jo9t resolution ( approval describ$ "u
 subp>agraph 7,a77ii74  4  7c7          
,modification to exp$it$ proc$ures      
,section #aaje7;d7 ( ! ,dodd-,frank     
,wall ,/reet ,re=m & ,consum]           
,protection ,act 7#ab ,u4,s4,c4         

#efab7;d77 is am5d$--  7#a7 by          
r$esignat+ p>agraph 7#d7 z p>agraph     
7#e72 &  7#b7 by ins]t+ aft] p>agraph   
7#c7 ! foll[+3  7#d7 ,consid]ation 9 !  
,h\se ( ,repres5tatives ,^u receipt ( a 
reque/ "u subsection 7c71 a jo9t        
resolution introduc$ 9 ! ,h\se (        
,repres5tatives 9 connection ) su*      
reque/ %all be privileg$4  4