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capitalized’ have the same meanings as in 
section 216(c). 
‘‘(ii) EMPLOYEE
BENEFIT
PLAN.— 
The term ‘employee benefit plan’— 
‘‘(I) has the meaning given to 
such term in section 3(3) of the Em-
ployee Retirement Income Security 
Act of 1974; 
‘‘(II) includes any plan described 
in section 401(d) of the Internal Rev-
enue Code of 1986; and 
‘‘(III) includes any eligible de-
ferred compensation plan described in 
section 457 of the Internal Revenue 
Code of 1986. 
‘‘(iii) PASS-THROUGH
SHARE
INSUR-
ANCE.—The term ‘pass-through share in-
surance’ means, with respect to an em-
ployee benefit plan, insurance coverage 
based on the interest of each participant, 
in accordance with regulations issued by 
the Administration. 
‘‘(D) RULE OF CONSTRUCTION.—No provi-
sion of this paragraph shall be construed as au-
thorizing an insured credit union to accept the
HR 4636 RDS 
deposits of an employee benefit plan in an 
amount greater than such credit union is au-
thorized to accept under any other provision of 
Federal or State law. 
‘‘(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.—
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‘‘(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
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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