To reform the Federal Deposit Insurance System, and for other purposes.

Summary

Amends the Federal Deposit Insurance Act to increase the standard maximum amount of deposit insurance from $100,000 to: (1) $500,000, at the option of the insured depository institution; and (2) $250,000 or $500,000 for eligible retirement accounts, at the institution's option. Requires an annual inflation adjustment. Directs the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) Board to report to Congress and publish in the Federal Register any such inflation adjustments to the standard maximum deposit insurance amount and to the standard maximum share insurance amount.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 September 2008

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• Introduced in House (PDF)

  Introduced in House · EN · 29 September 2008

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 29 September 2008

  Open at official source

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