,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #hjge  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #be1 #bjbf,mr4   
,b>r introduc$ ! foll[+ bill2 :i* 0     
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to au?orize !     
,secret>y ( ! ,treasury to direct !     
,f$]al ,deposit ,insurance ,corporation 
& ! ,national ,cr$it ,union             
,adm9i/ration to e/abli% em]g5cy        
transaction acc\nt gu>antee programs1 & 
= o!r purposes4  #a4 ,em]g5cy ,,tag     
program au?ority  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 ,em]g5cy ,,tag program     
au?ority  7#a7 ,9 g5]al ,aft] a         
det]m9ation by ! ,secret>y ( ! ,treasury
 "u p>agraph 7#b71 & subject to ! limits
 9 p>agraph 7#c71 ! ,bo>d ( ,directors  
may e/abli% an em]g5cy transaction      
acc\nt gu>antee program "u :i* !        
,corporation fully insures ! deposits ( 
all insur$ depository in/itutions t are 

ma9ta9$ 9 non-int]e/-be>+ transaction   
acc\nts4  7#b7 ,bank+ /ress ev5t        
det]m9ation ,! ,bo>d ( ,directors may   
e/abli% a program "u p>agraph 7#a7 only 
if-- 7,a7 ! ,secret>y ( ! ,treasury1 9  
consultation ) ! ,presid5t1 det]m9es t--
  7i7 a bank+ /ress ev5t exi/s t pres5ts
 s]i\s adv]se effects on economic       
conditions or ! /ability ( ! bank+      
sy/em2 &  7ii7 use ( ! program au?oriz$ 
"u ?is subsection w\ld avoid or mitigate
 su* adv]se effects2 &  7,b7 ! ,secret>y
 ( ! ,treasury gives imm$iate notice (  
su* det]m9ation to ! ,bo>d ( ,directors 
& ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve
 ,sy/em4  7#c7 ,program limitations     
7,a7 ,limitation on size  7i7 ,9 g5]al  
,be=e ! ,corporation insures any        
deposits pursuant to a program e/abli%$ 
"u p>agraph 7#a71 ! ,secret>y ( !       
,treasury %all1 9 consultation ) !      
,presid5t1 det]m9e ! maximum am\nt (    
co/s t ! ,deposit ,insurance ,fund may  
incur "u ! program4  7ii7 ,increase     
,not)/&+ clause 7i71 ! maximum am\nt (  

co/s = a program e/abli%$ "u p>agraph   
7#a7 may be increas$1 if-- 7,i7 su*     
increase is approv$ 9 ! same mann] z a  
program e/abli%$ "u p>agraph 7#a72 &    
7,,ii7 ! ,secret>y ( ! ,treasury issues 
a report to ! ,congress conta9+ data &  
analysis ju/ify+ ! increase4  7,b7      
,limitation on duration  7i7 ,9 g5]al ,!
 ,corporation %all t]m9ate ea* program  
e/abli%$ "u p>agraph 7#a7 no lat] ?an ! 
date t is #f mon?s aft] ! date (        
comm5cem5t ( ! program4  7ii7 ,ext5sion 
,not)/&+ clause 7i71 ! t]m9ation date = 
a program e/abli%$ "u p>agraph 7#a7 may 
be ext5d$ "o "t = an additional #c-mon? 
p]iod1 if-- 7,i7 su* ext5sion is approv$
 9 ! same mann] z a program e/abli%$ "u 
p>agraph 7#a72 &  7,,ii7 ! ,secret>y ( !
 ,treasury issues a report to !         
,congress conta9+ data & analysis       
ju/ify+ ! ext5sion4  7#d7 ,te/imony to  
,congress ,n lat] ?an #cj days aft] a   
program is e/abli%$ "u p>agraph 7#a71 ! 
,secret>y ( ! ,treasury %all te/ify be=e
 ! ,committee on ,f9ancial ,s]vices ( ! 

,h\se ( ,repres5tatives & ! ,committee  
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate ) respect to ! program4  7#e7    
,,gao review  ,n lat] ?an #ij days aft] 
! t]m9ation ( a program e/abli%$ "u     
p>agraph 7#a71 ! ,comptroll] ,g5]al ( ! 
,unit$ ,/ates %all review ! program &   
issue a report to ! ,committee on       
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives & ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate conta9+ all f9d+s & det]m9ations 
made 9 c>ry+ out su* review4  7#f7      
,repaym5t ( loss  7,a7 ,9 g5]al ,!      
,corporation %all recov] any loss to !  
,deposit ,insurance ,fund aris+ f any   
program e/abli%$ "u p>agraph 7#a7 f #a  
or m special assessm5ts on insur$       
depository in/itutions1 depository      
in/itution hold+ companies 7except t a  
special assessm5t on a depository       
in/itution hold+ company %all require ! 
concurr5ce ( ! ,secret>y ( ! ,treasury71
 or bo?1 z ! ,corporation det]m9es to be
 appropriate4  7,b7 ,rule ( application 

,= purposes ( ?is p>agraph1 sections    
#g7;c77#b7 & #ah7;h7 %all apply to      
depository in/itution hold+ companies z 
if !y 7 insur$ depository in/itutions4  
7#g7 ,rulemak+ ,! ,corporation may issue
 su* rules z ! ,corporation det]m9es to 
be appropriate to c>ry out ! provisions 
( ?is subsection4  7#h7 ,def9itions ,9  
?is subsection3  7,a7 ,bank+ /ress ev5t 
,! t]m bank+ /ress ev5t means an        
exceptional & broad r$uction 9 !        
/ability ( deposits at insur$ depository
 in/itutions4  7,b7 ,non-int]e/-be>+    
transaction acc\nt ,! t]m               
non-int]e/-be>+ transaction acc\nt means
 a transaction acc\nt t--  7i7 is       
non-int]e/-be>+2 or  7ii7 pays a de     
m9imis am\nt ( int]e/1 z e/abli%$ by !  
,corporation4  7,c7 ,transaction acc\nt 
,! t]m transaction acc\nt means a       
deposit or acc\nt f :i* ! depositor or  
acc\nt hold] is p]mitt$ to make transf]s
 or )drawals by negotiable or           
transf]able in/rum5t1 paym5t ord] (     
)drawal1 telephone transf]1 or o!r      

simil> device = ! purpose ( mak+ paym5ts
 or transf]s to ?ird p]sons or o!rs or f
 :i* ! depositor or acc\nt hold] may    
make ?ird-p>ty paym5ts at an automat$   
tell] ma*9e or a remote s]vice unit1 or 
o!r electronic device1 includ+ by debit 
c>d1 & includes su* o!r deposits or     
acc\nts ma9ta9$ at an insur$ depository 
in/itution t ! ,corporation may det]m9e 
consi/5t ) ?is def9ition4  4  7b7       
,insur$ cr$it unions ,section #bjg7k7 ( 
! ,f$]al ,cr$it ,union ,act 7#ab        
,u4,s4,c4 #aghg7k77 is am5d$ by add+ at 
! end ! foll[+3  7#g7 ,em]g5cy ,,tag    
program au?ority  7,a7 ,9 g5]al ,aft] a 
det]m9ation by ! ,secret>y ( ! ,treasury
 "u subp>agraph 7,b71 & subject to !    
limits 9 subp>agraph 7,c71 ! ,bo>d may  
e/abli% an em]g5cy transaction acc\nt   
gu>antee program "u :i* ! ,adm9i/ration 
fully insures ! deposits & %>es ( all   
insur$ cr$it unions t are ma9ta9$ 9     
non-int]e/-be>+ transaction acc\nts4    
7,b7 ,cr$it union /ress ev5t det]m9ation
 ,! ,bo>d may e/abli% a program "u      

subp>agraph 7,a7 only if-- 7i7 !        
,secret>y ( ! ,treasury1 9 consultation 
) ! ,presid5t1 det]m9es t--  7,i7 a     
cr$it union /ress ev5t exi/s t pres5ts  
s]i\s adv]se effects on economic        
conditions or ! /ability ( ! cr$it union
 sy/em2 &  7,,ii7 use ( ! program       
au?oriz$ "u ?is subsection w\ld avoid or
 mitigate su* adv]se effects2 &  7ii7 ! 
,secret>y ( ! ,treasury gives imm$iate  
notice ( su* det]m9ation to ! ,bo>d & ! 
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em4  7,c7 ,program limitations  7i7 
,limitation on size  7,i7 ,9 g5]al ,be=e
 ! ,bo>d insures any deposits or %>es   
pursuant to a program e/abli%$ "u       
subp>agraph 7,a71 ! ,secret>y ( !       
,treasury %all1 9 consultation ) !      
,presid5t1 det]m9e ! maximum am\nt (    
co/s t ! ,national ,cr$it ,union ,%>e   
,insurance ,fund may incur "u ! program4
  7,,ii7 ,increase ,not)/&+ subclause   
7,i71 ! maximum am\nt ( co/s = a program
 e/abli%$ "u subp>agraph 7,a7 may be    
increas$1 if-- 7aa7 su* increase is     

approv$ 9 ! same mann] z a program      
e/abli%$ "u subp>agraph 7,a72 &  7bb7 ! 
,secret>y ( ! ,treasury issues a report 
to ! ,congress conta9+ data & analysis  
ju/ify+ ! increase4  7ii7 ,limitation on
 duration  7,i7 ,9 g5]al ,! ,bo>d %all  
t]m9ate ea* program ! ,bo>d e/abli%es "u
 subp>agraph 7,a7 no lat] ?an ! date t  
is #f mon?s aft] ! date ( comm5cem5t ( !
 program4  7,,ii7 ,ext5sion ,not)/&+    
subclause 7,i71 ! t]m9ation date = a    
program e/abli%$ "u subp>agraph 7,a7 may
 be ext5d$ "o "t = an additional #c-mon?
 p]iod1 if-- 7aa7 su* ext5sion is       
approv$ 9 ! same mann] z a program      
e/abli%$ "u subp>agraph 7,a72 &  7bb7 ! 
,secret>y ( ! ,treasury issues a report 
to ! ,congress conta9+ data & analysis  
ju/ify+ ! ext5sion4  7,d7 ,te/imony to  
,congress ,n lat] ?an #cj days aft] a   
program is e/abli%$ "u subp>agraph 7,a71
 ! ,secret>y ( ! ,treasury %all te/ify  
be=e ! ,committee on ,f9ancial ,s]vices 
( ! ,h\se ( ,repres5tatives & !         
,committee on ,bank+1 ,h\s+1 & ,urban   

,affairs ( ! ,s5ate ) respect to !      
program4  7,e7  ,,gao review  ,n lat]   
?an #ij days aft] ! t]m9ation ( a       
program e/abli%$ "u subp>agraph 7,a71 ! 
,comptroll] ,g5]al ( ! ,unit$ ,/ates    
%all review ! program & issue a report  
to ! ,committee on ,f9ancial ,s]vices ( 
! ,h\se ( ,repres5tatives & ! ,committee
 on ,bank+1 ,h\s+1 & ,urban ,affairs ( !
 ,s5ate conta9+ all f9d+s & det]m9ations
 made 9 c>ry+ out su* review4  7,f7     
,repaym5t ( loss ,! ,bo>d %all recov]   
any loss to ! ,national ,cr$it ,union   
,%>e ,insurance ,fund aris+ f any       
program e/abli%$ "u subp>agraph 7,a7 f  
#a or m special assessm5ts on insur$    
cr$it unions4  7,g7 ,rulemak+ ,! ,bo>d  
may issue su* rules z ! ,bo>d det]m9es  
to be appropriate to c>ry out !         
provisions ( ?is subsection4  7,h7      
,def9itions ,9 ?is p>agraph3 7i7 ,cr$it 
union /ress ev5t ,! t]m cr$it union     
/ress ev5t means an exceptional & broad 
r$uction 9 ! /ability ( %>es & deposits 
at insur$ cr$it unions4  7ii7           

,non-int]e/-be>+ transaction acc\nt ,!  
t]m non-int]e/-be>+ transaction acc\nt  
means a transaction acc\nt t-- 7,i7 does
 n pay a divid5d2 or  7,,ii7 pays a de  
m9imis divid5d1 z e/abli%$ by ! ,bo>d4  
7iii7 ,transaction acc\nt ,! t]m        
transaction acc\nt means a deposit1 %>e1
 or acc\nt f :i* ! depositor or acc\nt  
hold] is p]mitt$ to make transf]s or    
)drawals by negotiable or transf]able   
in/rum5t1 paym5t ord] ( )drawal1        
telephone transf]1 or o!r simil> device 
= ! purpose ( mak+ paym5ts or transf]s  
to ?ird p]sons or o!rs or f :i* !       
depositor or acc\nt hold] may make      
?ird-p>ty paym5ts at an automat$ tell]  
ma*9e or a remote s]vice unit1 or o!r   
electronic device1 includ+ by debit c>d1
 & includes su* o!r deposits or acc\nts 
ma9ta9$ at an insur$ cr$it union t !    
,bo>d may det]m9e consi/5t ) ?is        
def9ition4  4