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this clause if the plan provides that the re-
serve ratio of the Fund will meet or exceed
the designated reserve ratio that was in ef-
fect before the occurrence of the event de-
scribed in subclause (I) or (II) of clause (i)
before the end of the 3-year period begin-
ning upon implementation of the plan.
‘‘(iii) REQUIREMENTS OF PLAN IF RE-
SERVE
RATIO
FALLS
BELOW
1.0
PER-
CENT.—If the reserve ratio of the Deposit
Insurance Fund has fallen below an
amount equal to 1.0 percent of the aggre-
gate estimated insured deposits, a Deposit
Insurance Fund restoration plan meets the
requirements of this clause if the plan pro-
vides that the reserve ratio of the Fund—
‘‘(I) will meet or exceed an
amount equal to 1.0 percent of the
aggregate estimated insured deposits
before the end of the 2-year period be-
ginning upon implementation of the
plan; and
‘‘(II) will meet or exceed the des-
ignated reserve ratio that was in ef-
fect before the occurrence of the event
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described in subclause (I) or (II) of
clause (i) before the end of the 3-year
period beginning on the date the re-
serve ratio first meets or exceeds an
amount equal to 1.0 percent of the
aggregate estimated insured deposits
after the implementation of the plan.
‘‘(iv) 
TRANSPARENCY.—Not 
more
than 90 days after the Corporation estab-
lishes and implements a restoration plan
under clause (i), the Corporation shall pub-
lish in the Federal Register a detailed
analysis of the factors considered and the
basis for the actions taken with regard to
the plan.’’.
SEC. 9. REGULATIONS REQUIRED.
(a) IN GENERAL.—Not later than 270 days after the
date of the enactment of this Act, the Board of Directors
of the Federal Deposit Insurance Corporation shall pre-
scribe final regulations, after notice and opportunity for
comment—
(1) designating the reserve ratio for the Deposit
Insurance Fund in accordance with section 7(b)(3)
of the Federal Deposit Insurance Act (as amended
by section 5 of this Act);
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(2) implementing increases in deposit insurance
coverage in accordance with the amendments made
by section 3 of this Act;
(3) implementing the dividend requirement
under section 7(e)(2) of the Federal Deposit Insur-
ance Act (as amended by section 7 of this Act).
(4) implementing the 1-time assessment credit
to certain insured depository institutions in accord-
ance with section 7(e)(3) of the Federal Deposit In-
surance Act, as amended by section 7 of this Act,
including the qualifications and procedures under
which the Corporation would apply assessment cred-
its; and
(5) providing for assessments under section
7(b) of the Federal Deposit Insurance Act, as
amended by this Act.
(b) RULE OF CONSTRUCTION.—No provision of this
Act or any amendment made by this Act shall be con-
strued as affecting the authority of the Corporation to set
or collect deposit insurance assessments before the effec-
tive date of the final regulation prescribed under sub-
section (a).
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SEC. 10. STUDIES OF FDIC STRUCTURE AND EXPENSES AND
CERTAIN ACTIVITIES AND FURTHER POS-
SIBLE CHANGES TO DEPOSIT INSURANCE
SYSTEM.
(a) STUDY BY COMPTROLLER GENERAL.—
(1) STUDY REQUIRED.—The Comptroller Gen-
eral shall conduct a study of the following issues:
(A) The efficiency and effectiveness of the
administration of the prompt corrective action
program under section 38 of the Federal De-
posit Insurance Act by the Federal banking
agencies (as defined in section 3 of such Act),
including the degree of effectiveness of such
agencies in identifying troubled depository insti-
tutions and taking effective action with respect
to such institutions, and the degree of accuracy
of the risk assessments made by the Corpora-
tion.
(B) The appropriateness of the organiza-
tional structure of the Federal Deposit Insur-
ance Corporation for the mission of the Cor-
poration taking into account—
(i) the current size and complexity of
the business of insured depository institu-
tions (as such term is defined in section 3
of the Federal Deposit Insurance Act);
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(ii) the extent to which the organiza-
tional structure contributes to or reduces
operational 
inefficiencies 
that 
increase
operational costs; and
(iii) the effectiveness of internal con-
trols.
(2) REPORT TO THE CONGRESS.—The Comp-
troller General shall submit a report to the Congress
before the end of the 1-year period beginning on the
date of the enactment of this Act containing the
findings and conclusions of the Comptroller General
with respect to the study required under paragraph
(1) together with such recommendations for legisla-
tive or administrative action as the Comptroller Gen-
eral may determine to be appropriate.
(b) INTERNAL STUDY BY THE FDIC.—
(1) STUDY REQUIRED.—Concurrently with the
study required to be conducted by the Comptroller
General under subsection (a), the Federal Deposit
Insurance Corporation shall conduct an internal
study of the same conditions and factors included in
the study under subsection (a).
(2) REPORT TO THE CONGRESS.—The Federal
Deposit Insurance Corporation shall submit a report
to the Congress before the end of the 1-year period