‘‘(5) STANDARD MAXIMUM SHARE INSURANCE 
AMOUNT DEFINED.—For purposes of this Act, the 
term ‘standard maximum share insurance amount’ 
means $100,000, adjusted as provided under section 
11(a)(1)(F) of the Federal Deposit Insurance Act.’’. 
(2) INCREASE IN SHARE INSURANCE FOR CER-
TAIN
RETIREMENT
ACCOUNTS.—Section 207(k)(3) 
of the Federal Credit Union Act (12 U.S.C. 
1787(k)(3)) is amended by striking ‘‘$100,000’’ and 
inserting ‘‘ ‘$250,000 (which amount shall be subject 
to inflation adjustments as provided under section 
11(a)(1)(F) of the Federal Deposit Insurance Act, 
except that $250,000 shall be substituted for 
$100,000 wherever such term appears in such sec-
tion)’ ’’. 
(3) OTHER
TECHNICAL
AND
CONFORMING 
AMENDMENTS.—Section 205(a) of the Federal Cred-
it Union Act (12 U.S.C. 1785(a)) is amended to 
read as follows: 
‘‘(a) INSURANCE LOGO.— 
‘‘(1) INSURED CREDIT UNIONS.— 
‘‘(A) IN
GENERAL.—Each insured credit 
union shall display at each place of business 
maintained by that credit union a sign or signs 
relating to the insurance of the share accounts
of the institution, in accordance with regula-
tions to be prescribed by the Board. 
‘‘(B) STATEMENT
TO
BE
INCLUDED.— 
Each sign required under subparagraph (A) 
shall include a statement that insured share ac-
counts are backed by the full faith and credit 
of the United States Government. 
‘‘(2) REGULATIONS.—The Board shall prescribe 
regulations to carry out this subsection, including 
regulations governing the substance of signs re-
quired by paragraph (1) and the manner of display 
or use of such signs. 
‘‘(3) PENALTIES.—For each day that an in-
sured credit union continues to violate this sub-
section or any regulation issued under this sub-
section, it shall be subject to a penalty of not more 
than $100, which the Board may recover for its 
use.’’. 
(e) EFFECTIVE DATE.—This section and the amend-
ments made by this section shall take effect on the date 
on which the final regulations required under section 
2109(a)(2) of the Federal Deposit Insurance Reform Act 
of 2005 take effect.
SEC. 3. CONFORMING AMENDMENTS RELATING TO ASSESS-
MENTS AND REPEAL OF SPECIAL RULES RE-
LATING TO MINIMUM ASSESSMENTS AND 
FREE DEPOSIT INSURANCE. 
(a) IN GENERAL.—The Federal Deposit Insurance 
Act (12 U.S.C. 1811 et seq.) is amended as follows: 
(1) Paragraph (3) of section 7(a) of the Fed-
eral Deposit Insurance Act (12 U.S.C. 1817(a)) is 
amended by striking the 3d sentence and inserting 
the following: ‘‘Such reports of condition shall be the 
basis for the certified statements to be filed pursu-
ant to subsection (c).’’. 
(2) Subparagraphs (B)(ii) and (C) of section 
7(b)(1) of the Federal Deposit Insurance Act (12 
U.S.C. 1817(b)(1)) are each amended by striking 
‘‘semiannual’’ where such term appears in each such 
subparagraph. 
(3) Section 7(b)(2) of the Federal Deposit In-
surance Act (12 U.S.C. 1817(b)(2)) is amended— 
(A) by striking subparagraphs (E), (F), 
and (G); 
(B) in subparagraph (C), by striking 
‘‘semiannual’’; and 
(C) by redesignating subparagraph (H) (as 
amended by subsection (e)(2) of this section) as 
subparagraph (E).
(4) Section 7(b) of the Federal Deposit Insur-
ance Act (12 U.S.C. 1817(b)) is amended by strik-
ing paragraph (4) and redesignating paragraphs (5) 
(as amended by subsection (b) of this section), (6), 
and (7) as paragraphs (4), (5), and (6) respectively. 
(5) Section 7(c) of the Federal Deposit Insur-
ance Act (12 U.S.C. 1817(c)) is amended— 
(A) in paragraph (1)(A), by striking 
‘‘semiannual’’; 
(B) in paragraph (2)(A), by striking 
‘‘semiannual’’; and 
(C) in paragraph (3), by striking ‘‘semi-
annual period’’ and inserting ‘‘initial assess-
ment period’’. 
(6) Section 8(p) of the Federal Deposit Insur-
ance Act (12 U.S.C. 1818(p)) is amended by strik-
ing ‘‘semiannual’’. 
(7) Section 8(q) of the Federal Deposit Insur-
ance Act (12 U.S.C. 1818(q)) is amended by strik-
ing ‘‘semiannual period’’ and inserting ‘‘assessment 
period’’. 
(8) Section 13(c)(4)(G)(ii)(II) of the Federal 
Deposit 
Insurance 
Act 
(12 
U.S.C. 
1823(c)(4)(G)(ii)(II)) is amended by striking ‘‘semi-
annual period’’ and inserting ‘‘assessment period’’.