To make permanent the temporary increase in deposit insurance coverage, and for other purposes.

Summary

Amends the Federal Deposit Insurance Act (FDIA) and the Federal Credit Union Act (FCUA) to redefine the standard maximum deposit insurance amount and the standard maximum share insurance amount as being $250,000, respectively (thus making such increase permanent). Amends the FDIA to: (1) extend from five years to eight years the period during which the restoration plan for the Deposit Insurance Fund (DIF) must rebuild its statutory reserve ratio; (2) increase to $100 billion the borrowing authority of the Federal Deposit Insurance Corporation (FDIC); and (3) authorize the FDIC to impose special assessments upon depository institution holding companies to recover losses to the DIF.

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Documents

6 official files

• Reported in House (text)

  Reported in House · EN · 23 February 2009

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• Reported in House (PDF)

  Reported in House · EN · 23 February 2009

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• Reported to House with amendment(s)

  summary · EN · 23 February 2009

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• Introduced in House (text)

  Introduced in House · EN · 2 February 2009

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• Introduced in House (PDF)

  Introduced in House · EN · 2 February 2009

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• Introduced in House

  summary · EN · 2 February 2009

  Open at official source

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