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 Home > Learning Center > [H.R.384.RFS]

701. Permanent increase in deposit insurance.
 
(a) Amendments to Federal Deposit Insurance Act- Section 11(a)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1821(a)) is amended--
    (1) in paragraph (1)(E), by striking `$100,000' and inserting `$250,000';
    (2) in paragraph (1)(F)(i), by striking `2010' and inserting `2015';
    (3) in subclause (I) of paragraph (1)(F)(i), by striking `$100,000' and inserting `$250,000';
    (4) in subclause (II) of paragraph (1)(F)(i), by striking `the calendar year preceding the date this subparagraph takes effect under the Federal Deposit Insurance Reform Act of 2005' and inserting `calendar year 2008'; and
    (5) in paragraph (3)(A)(iii), by striking `, except that $250,000 shall be substituted for $100,000 wherever such term appears in such paragraph'.
(b) Repeal of EESA Provision- Section 136 of the Emergency Economic Stabilization Act (Public Law 110-343; 122 Stat. 3765) is hereby repealed.

(c) Amendment to Federal Credit Union Act- Section 207(k) of the Federal Credit Union Act (12 U.S.C. 1787(k) is amended--

(1) in paragraph (3)--

      (A) by striking the opening quotation mark before `$250,000';
      (B) by striking `, except that $250,000 shall be substituted for $100,000 wherever such term appears in such section'; and
      (C) by striking the closing quotation mark after the closing parenthesis; and

(2) in paragraph (5), by striking `$100,000' and inserting `$250,000';

 
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