I 
111TH CONGRESS 
1ST SESSION 
H. R. 786 
To make permanent the temporary increase in deposit insurance coverage, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 2, 2009 
Mr. FRANK of Massachusetts introduced the following bill; which was referred 
to the Committee on Financial Services 
A BILL 
To make permanent the temporary increase in deposit 
insurance coverage, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. PERMANENT INCREASE IN DEPOSIT INSUR-
ANCE. 
(a) AMENDMENTS TO FEDERAL DEPOSIT INSURANCE 
ACT.—Effective upon the date of the enactment of this 
Act, section 11(a)(1) of the Federal Deposit Insurance Act 
(12 U.S.C. 1821(a)) is amended— 
(1) 
in 
paragraph 
(1)(E), 
by 
striking 
‘‘$100,000’’ and inserting ‘‘$250,000’’; 
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(2) in paragraph (1)(F)(i), by striking ‘‘2010’’ 
and inserting ‘‘2015’’; 
(3) in subclause (I) of paragraph (1)(F)(i), by 
striking ‘‘$100,000’’ and inserting ‘‘$250,000’’; 
(4) in subclause (II) of paragraph (1)(F)(i), by 
striking ‘‘the calendar year preceding the date this 
subparagraph takes effect under the Federal Deposit 
Insurance Reform Act of 2005’’ and inserting ‘‘cal-
endar year 2008’’; and 
(5) in paragraph (3)(A)(iii), by striking ‘‘, ex-
cept that $250,000 shall be substituted for $100,000 
wherever such term appears in such paragraph’’. 
(b) AMENDMENT
TO
FEDERAL
CREDIT
UNION 
ACT.—Section 207(k) of the Federal Credit Union Act 
(12 U.S.C. 1787(k)) is amended— 
(1) in paragraph (3)— 
(A) by striking the opening quotation mark 
before ‘‘$250,000’’; 
(B) by striking ‘‘, except that $250,000 
shall be substituted for $100,000 wherever such 
term appears in such section’’; and 
(C) by striking the closing quotation mark 
after the closing parenthesis; and 
(2) in paragraph (5), by striking ‘‘$100,000’’ 
and inserting ‘‘$250,000’’. 
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(c) RULE OF CONSTRUCTION.—No provision of law, 
other than a provision of the Federal Deposit Insurance 
Act (with respect to the Federal Deposit Insurance Cor-
poration and insured depository institutions) or the Fed-
eral Credit Union Act (with respect to the National Credit 
Union Administration and insured credit unions), may be 
construed as limiting the authority of— 
(1) the Board of Directors of the Federal De-
posit Insurance Corporation to set assessments 
under section 7(b)(2) of the Federal Deposit Insur-
ance Act or to make any inflation adjustment under 
section 11(a)(1)(F) of such Act; or 
(2) the National Credit Union Administration 
Board to periodically adjust the amount of an in-
sured credit union’s deposit under section 202(c)(1) 
of the Federal Credit Union Act, set the insurance 
premium charge under section 202(c)(2) of such 
Act, or to make any inflation adjustment pursuant 
to section 207(k)(5) of such Act. 
SEC. 2. EXTENSION OF RESTORATION PLAN PERIOD. 
Section 7(b)(3)(E)(ii) of the Federal Deposit Insur-
ance Act (12 U.S.C. 1817(b)(3)(E)(ii)) is amended by 
striking ‘‘5-year period’’ and inserting ‘‘8-year period’’. 
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SEC. 3. FDIC 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 insert-
ing ‘‘$100,000,000,000’’; and 
(2) by inserting prior to the last sentence, the 
following new sentence: ‘‘The Corporation may re-
quest 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.’’. 
SEC. 4. EXPANDING SYSTEMIC RISK SPECIAL ASSESS-
MENTS. 
Section 13(c)(4)(G)(ii) of the Federal Deposit Insur-
ance Act (12 U.S.C. 1823(c)(4)(G)(ii)) is amended to read 
as follows: 
‘‘(ii) REPAYMENT OF LOSS.— 
‘‘(I) IN GENERAL.—The Corpora-
tion shall recover the loss to the De-
posit Insurance Fund arising from 
any action taken or assistance pro-
vided with respect to an insured de-
pository institution under clause (i) 
from 1 or more special assessments on 
insured depository institutions, deposi-
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tory institution holding companies 
(with the concurrence of the Secretary 
of the Treasury with respect to hold-
ing companies), or both, as the Cor-
poration determines to be appropriate. 
‘‘(II) TREATMENT
OF
DEPOSI-
TORY INSTITUTION HOLDING COMPA-
NIES.—For purposes of this clause, 
sections 7(c)(2) and 18(h) shall apply 
to depository institution holding com-
panies as if they were insured deposi-
tory institutions. 
‘‘(III) REGULATIONS.—The Cor-
poration shall prescribe such regula-
tions as it deems necessary to imple-
ment this clause. In prescribing such 
regulations, defining terms, and set-
ting the appropriate assessment rate 
or rates, the Corporation shall estab-
lish rates sufficient to cover the losses 
incurred as a result of the actions of 
the Corporation under clause (i) and 
shall consider: the types of entities 
that benefit from any action taken or 
assistance provided under this sub-
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