,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #hjhg  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #be1 #bjbf,mr4   
,lucas introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to am5d ! ,f$]al  
,deposit ,insurance ,act to provide     
deposit insurance = non9t]e/-be>+       
transaction acc\nts1 & = o!r purposes4  
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,ma9 ,/reet ,depositor ,protection    
,act4  #b4 ,transaction acc\nt insurance
  7a7 ,depository in/itutions  7#a7 ,9  
g5]al ,section #aa7;a77#a7 ( ! ,f$]al   
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahba7;a77#a77 is am5d$ by /rik+        
subp>agraph 7,b7 & ins]t+ ! foll[+3     
7,b7 ,net am\nt ( insur$ deposit  7i7 ,9
 g5]al ,! net am\nt due to any depositor
 at an insur$ depository in/itution %all
 n exce$ ! sum (-- 7,i7 ! /&>d maximum  
deposit insurance am\nt z det]m9$ 9     
accordance ) subp>agraphs 7,c71 7,d71   
7,e71 & 7,f7 & p>agraph 7#c72 &  7,,ii7 
! net am\nt "u clause 7ii74  7ii7       

,insurance = non9t]e/-be>+ transaction  
acc\nts  7,i7 ,9 g5]al ,except z provid$
 9 subclause 7,,iv71 n lat] ?an ! end ( 
! #f-mon? p]iod beg9n+ on ! date (      
enactm5t ( ?is clause1 ! ,corporation   
%all insure ! net am\nt t any depositor 
ma9ta9s1 9 ! aggregate1 9 #a or m       
non9t]e/-be>+ transaction acc\nts at an 
insur$ depository in/itution1 9 ! am\nt 
det]m9$ "u subclause 7,,ii74  7,,ii7    
,insur$ am\nt ,! ,corporation %all issue
 a rule to e/abli% ! maximum am\nt =    
insurance describ$ 9 subclause 7,i71 :i*
 %all be 9 an am\nt t is-- 7aa7 n less  
?an ! /&>d maximum deposit insurance    
am\nt on ! date su* rule is issu$2  7bb7
 n m ?an #e1jjj1jjj2 &  7cc7 bas$ on    
consid]ations ( enhanc+ ! f9ancial      
/ability ( ! bank+ sy/em1 promot+       
economic gr[?1 & provid+ = ! safety ( ! 
,deposit ,insurance ,fund4  7,,iii7     
,aggregation ,= ! purpose ( det]m9+ !   
net am\nt due to any depositor "u       
subclause 7,i71 ! ,corporation %all     
aggregate ! am\nts ( all deposits 9     

non9t]e/-be>+ transaction acc\nts at    
insur$ depository in/itutions t are     
subsidi>ies ( a s+le depository         
in/itution hold+ company4  7,,iv7       
,exclusion  7aa7 ,def9ition ,9 ?is      
subclause1 ! t]m =eign bank does n      
include any bank organiz$ "u ! laws (   
any t]ritory ( ! ,unit$ ,/ates1 ,pu]to  
,rico1 ,guam1 ,am]ican ,samoa1 or !     
,virg9 ,isl&s1 ! deposits ( :i* are     
insur$ by ! ,corporation pursuant to ?is
 ,act4  7bb7 ,exclusion ,! ,corporation 
may n insure "u subclause 7,i7 am\nts   
ma9ta9$ at-- 7,,aa7 any insur$          
depository in/itution t is a subsidi>y (
 a bank hold+ company t is id5tifi$ z a 
global sy/emically important ,,bhc "u   
section #bag4djb ( title #ab1 ,code (   
,f$]al ,regulations 7or any successor   
regulation72 or 7,,bb7 any insur$ bran* 
( a =eign bank4  7cc7 ,rule (           
con/ruction ,no?+ 9 ?is subclause may be
 con/ru$ to exclude any insur$          
depository in/itution describ$ 9 subitem
 7,,aa7 f ! /&>d maximum deposit        

insurance am\nt describ$ 9 clause       
7i77,i74  7,v7 ,no subsequ5t adju/m5ts  
,aft] ! ,corporation issues a rule      
pursuant to subclause 7,,ii71 ! am\nt ( 
insurance provid$ "u subclause 7,i7 may 
n subsequ5tly be modifi$ or repeal$     
except by an ,act ( ,congress4  4  7#b7 
,te*nical & con=m+ am5dm5t ,section     
#c7m7 ( ! ,f$]al ,deposit ,insurance    
,act 7#ab ,u4,s4,c4 #ahac7m77 is am5d$--
  7,a7 9 p>agraph 7#a71 by ins]t+ 1     
includ+ deposits 9 a non9t]e/-be>+      
transaction acc\nt1 aft] deposits2 &    
7,b7 by add+ at ! end ! foll[+3  7#e7   
,non9t]e/-be>+ transaction acc\nt ,! t]m
 non9t]e/-be>+ transaction acc\nt means 
a deposit or acc\nt ma9ta9$ at an insur$
 depository in/itution-- 7,a7 ) respect 
to :i* int]e/ is nei!r accru$ nor paid2 
7,b7 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,c7
 on :i* ! insur$ depository in/itution  
does n res]ve ! "r to require advance   
notice ( an int5d$ )drawal4  4  7#c7    
,assessm5ts ,dur+ ! transition p]iod "u 
subsection 7c71 no insur$ depository    
in/itution ) total assets (             
#aj1jjj1jjj1jjj or less %all be requir$ 
to pay-- 7,a7 any special assessm5t "u  
section #g7;b77#e7 or #ac7;c77#d77;,g7 (
 ! ,f$]al ,deposit ,insurance ,act 7#ab 
,u4,s4,c4 #ahag7;b77#e71                
#ahbc7;c77#d77;,g77 z a condition to    
insurance on a non9t]e/-be>+ transaction
 acc\nt1 z def9$ 9 p>agraph 7#e7 (      
section #c7m7 ( ! ,f$]al ,deposit       
,insurance ,act 7#ab ,u4,s4,c4          
#ahac7m771 z add$ by p>agraph 7#b7 ( ?is
 subsection2 or  7,b7 any increase 9    
assessm5ts "u section #g7;b77#b7 ( !    
,f$]al ,deposit ,insurance ,act 7#ab    
,u4,s4,c4 #ahag7;b77#b77 solely to (fset
 any impact on ! res]ve ratio aris+ out 
( ! ext5sion ( insurance to             
non9t]e/-be>+ transaction acc\nts 9     

excess ( ! /&>d maximum deposit         
insurance am\nt z det]m9$ 9 accordance )
 subp>agraphs 7,c71 7,d71 7,e71 & 7,f7 (
 p>agraph 7#a7 & p>agraph 7#c7 ( section
 #aa7;a7 ( t ,act 7#ab ,u4,s4,c4        
#ahba7;a774  7b7 ,cr$it unions  7#a7 ,9 
g5]al ,section #bjg7k77#a77;,a7 ( !     
,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4
 #aghg7k77#a77;,a77 is am5d$--  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[+3    
7ii7 ,insurance = non9t]e/-be>+         
transaction acc\nts  7,i7 ,9 g5]al      
,not)/&+ clause 7i71 ! ,bo>d %all insure
 ! net am\nt t any memb]1 or any p]son )
 funds lawfully held 9 a memb] acc\nt1  
ma9ta9s1 9 ! aggregate1 9 #a or m       
non9t]e/-be>+ transaction acc\nts at an 
insur$ cr$it union4  7,,ii7 ,insur$     
am\nt ,! maximum am\nt = insurance      
describ$ 9 subclause 7,i7 %all be !     

maximum am\nt det]m9$ 9 ! rule issu$ by 
! ,f$]al ,deposit ,insurance            
,corporation pursuant to section        
#aa7;a77#a77;,b77ii77,,ii7 ( ! ,f$]al   
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahba7;a77#a77;,b77ii77,,ii774  7,,iii7 
,exclusion ,! am\nt describ$ 9 subclause
 7,i7 %all n be tak5 into acc\nt :5     
comput+ ! net am\nt due to a memb]1 or  
to any p]son ) funds lawfully held 9 a  
memb] acc\nt1 describ$ 9 t subclause "u 
clause 7i74  4  7#b7 ,te*nical & con=m+ 
am5dm5ts ,section #aja ( ! ,f$]al ,cr$it
 ,union ,act 7#ab ,u4,s4,c4 #ageb7 is   
am5d$-- 7,a7 9 p>agraph 7#e71 by ins]t+ 
su* t]ms mean a non9t]e/-be>+           
transaction acc\nt1 aft] ,act12  7,b7 9 
p>agraph 7#h71 by /rik+ & at ! end2     
7,c7 9 p>agraph 7#i71 by /rik+ ! p]iod  
at ! end & ins]t+ 2 &2 &  7,d7 by add+  
at ! end ! foll[+3  7#aj7 ,! t]m        
non9t]e/-be>+ transaction acc\nt means  
an acc\nt ( a memb]1 or nonmemb] t is   
eligible to ma9ta9 an insur$ acc\nt1    
ma9ta9$ at an insur$ cr$it union--  7,a7

 ) respect to :i* int]e/ is nei!r accru$
 nor paid2  7,b7 on :i* ! memb] 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$ia transf]s1 or o!r simil>
 items = ! purpose ( mak+ paym5ts or    
transf]s to ?ird p>ties or o!rs2 &  7,c7
 on :i* ! insur$ cr$it union does n     
res]ve ! "r to require advance notice ( 
an int5d$ )drawal4  4  7c7 ,transition  
p]iod  7#a7 ,depository in/itutions     
7,a7 ,9 g5]al ,not)/&+ any o!r provision
 ( law1 insur$ deposits 9 non9t]e/-be>+ 
transaction acc\nts1 z describ$ 9 clause
 7ii7 ( section #aa7;a77#a77;,b7 ( !    
,f$]al ,deposit ,insurance ,act 7#ab    
,u4,s4,c4 #ahba7;a77#a77;,b771 z add$ by
 subsection 7a77#a7 ( ?is section1 %all 
be includ$ 9 ! det]m9ation ( ! value ( !
 e/imat$ insur$ deposits describ$ 9     
sections #c7y77#c7 & #g7;b77#c77;,b7 ( t
 ,act 7#ab ,u4,s4,c4 #ahac7y77#c71      
#ahag7;b77#c77;,b77 9 accordance ) !    
plan requir$ "u subp>agraph 7,b74  7,b7 

,plan ,n lat] ?an #a ye> aft] ! date (  
enactm5t ( ?is ,act1 ! ,f$]al ,deposit  
,insurance ,corporation %all publi% 9 ! 
,f$]al ,regi/] a plan = gradually       
increas+1 dur+ ! p]iod end+ on ! date t 
is #aj ye>s aft] ! date ( enactm5t ( ?is
 ,act1 ! portion ( insur$ deposits      
describ$ 9 subp>agraph 7,a7 9 !         
det]m9ation describ$ 9 t subp>agraph1   
rea*+ #ajj p]c5t at ! end ( ! p]iod4    
7#b7 ,cr$it unions  7,a7 ,9 g5]al       
,not)/&+ any o!r provision ( law1 insur$
 %>es 9 non9t]e/-be>+ transaction       
acc\nts1 z describ$ 9 clause 7ii7 (     
section #bjg7k77#a77;,a7 ( ! ,f$]al     
,cr$it ,union ,act 7#ab ,u4,s4,c4       
#aghg7k77#a77;,a771 z add$ by subsection
 7b77#a7 ( ?is section1 %all be includ$ 
9 ! det]m9ation ( ! value ( ! aggregate 
am\nt ( ! insur$ %>es1 z def9$ 9 section
 #bjb7;h7 ( t ,act 7#ab ,u4,s4,c4       
#aghb7;h771 9 accordance ) ! plan       
requir$ "u subp>agraph 7,b74  7,b7 ,plan
 ,n lat] ?an #a ye> aft] ! date (       
enactm5t ( ?is ,act1 ! ,national ,cr$it 

,union ,adm9i/ration ,bo>d %all publi% 9
 ! ,f$]al ,regi/] a plan = gradually    
increas+1 dur+ ! p]iod end+ on ! date t 
is #aj ye>s aft] ! date ( enactm5t ( ?is
 ,act1 ! portion ( insur$ %>es describ$ 
9 subp>agraph 7,a7 9 ! det]m9ation      
describ$ 9 t subp>agraph1 rea*+ #ajj    
p]c5t at ! end ( ! p]iod4  7,c7         
,regulations ,! ,national ,cr$it ,union 
,adm9i/ration ,bo>d may promulgate      
regulations to ensure t ! ,national     
,cr$it ,union ,%>e ,insurance ,fund     
rema9s well-capitaliz$4  7d7            
,regulations ,! ,f$]al ,deposit         
,insurance ,corporation & ! ,national   
,cr$it ,union ,adm9i/ration ,bo>d may   
promulgate regulations c>ry+ out !      
am5dm5ts made by ?is section1 includ+   
prohibit+ insur$ depository in/itutions1
 z def9$ 9 section #c ( ! ,f$]al        
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahac71 insur$ cr$it unions1 z def9$ 9  
section #aja ( ! ,f$]al ,cr$it ,union   
,act 7#ab ,u4,s4,c4 #ageb71 & ?ird      
p>ties1 z applicable1 f evad+ !         

limitation ( insurance e/abli%$ "u ^?   
am5dm5ts to only-- 7#a7 non9t]e/-be>+   
transaction acc\nts2  7#b7 deposits or  
acc\nts at insur$ depository in/itutions
 n exclud$ "u clause 7ii77,,iv7 (       
section #aa7;a77#a77;,b7 ( ! ,f$]al     
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahba7;a77#a77;,b771 z add$ by          
subsection 7a7 ( ?is section2 &  7#c7   
%>es1 deposits1 or acc\nts at insur$    
cr$it unions4