[H.R.384.RFS] Section 703

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703. Borrowing authority.

Section 14(a) of the Federal Deposit Insurance Act (12 U.S.C. 1824(a)) is amended--

(1) by striking `$30,000,000,000' and inserting `$100,000,000,000'; and

(2) by inserting prior to the last sentence, the following new sentence: `The Corporation may request in writing to borrow, and the Secretary may authorize and approve the borrowing of, additional amounts above $100,000,000,000 to the extent that the Board of Directors and the Secretary determine such borrowing to be necessary.'.