and Rule 10a-1’’, adopted June 28, 2007 (Release 
No. 34–55970; File No. S7–21–06). 
SEC. 6. NET WORTH CERTIFICATE PROGRAM. 
(a) ESTABLISHMENT; PURPOSES.— 
(1) ESTABLISHMENT.—As soon as possible 
after the date of the enactment of this Act, the 
Board of Directors of the Federal Deposit Insurance 
Corporation (hereafter in this section referred to as 
the ‘‘Corporation’’) shall establish a net worth cer-
tificate program under this section to provide capital 
to insured depository institutions (as such term is 
defined in section 3 of the Federal Deposit Insur-
ance Act (12 U.S.C. 1813)) to assist such institu-
tions to resolve solvency problems. 
(2) PURPOSES.—The purposes of the net worth 
certificate program established under this section 
shall be— 
(A) to improve the capital position of trou-
bled insured depository institutions with real es-
tate holdings; 
(B) to provide such insured depository in-
stitutions the ability to sell and restructure as-
sets; and 
(C) to assist such institutions in their re-
covery without use of taxpayer funds. 
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(b) PRINCIPLES.—The net worth program estab-
lished under this section shall— 
(1) be based upon the Federal Savings and 
Loan Insurance Corporation net worth program es-
tablished under title II of the Garn-St Germain De-
pository Institutions Act of 1982 (Public Law 97– 
320; 96 Stat. 1489); 
(2) be made available only for troubled financial 
depository institutions that the Corporation deter-
mines could be financially viable if provided solvency 
assistance under the program; 
(3) provide for the Corporation to purchase 
capital in troubled insured depository institutions in 
the form of subordinated debentures or net worth 
certificates in such institutions; 
(4) provide that insured depository institutions 
participating in the program shall agree to such reg-
ulations and terms of the program as the Corpora-
tion shall provide, which shall include strict over-
sight and supervision, including limitations on the 
compensation of senior executive officers of such in-
stitutions and terms for removal of officers for poor 
management; 
(5) provide that the Corporation shall fund net 
worth certificates under the program by issuance of 
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Corporation senior notes and obligations to partici-
pating insured depository institutions; 
(6) provide that the interest rate on net worth 
certificates issued under the program and the senior 
notes and obligations issued under the program by 
the Corporation shall be identical; 
(7) not involve any subsidy, appropriation of 
funds, or other cash outlay or use of taxpayer funds; 
(8) provide that asset sale transactions under 
the program be held in the private market. 
(c) REGULATIONS.—The Board of Directors of the 
Corporation shall prescribe any regulations necessary to 
carry out the net worth certificate program established 
under this section. 
SEC. 7. INCREASE IN MAXIMUM AMOUNT OF DEPOSIT IN-
SURANCE AND SHARE INSURANCE. 
(a) STANDARD
MAXIMUM
DEPOSIT
INSURANCE 
AMOUNT INCREASED.—Section 11(a) of the Federal De-
posit Insurance Act (12 U.S.C. 1821(a)) is amended— 
(1) 
in 
subparagraph 
(E), 
by 
striking 
‘‘$100,000’’ and all that follows through the end of 
the subparagraph and inserting ‘‘$250,000.’’; and 
(2) in subparagraph (F)(i)(I), by striking 
‘‘$100,000’’ and inserting ‘‘$250,000’’. 
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(b) 
STANDARD
MAXIMUM
SHARE
INSURANCE 
AMOUNT INCREASED.—Section 207(k)(5) of the Federal 
Credit Union Act (12 U.S.C. 1787(k)(5)) is amended by 
striking ‘‘$100,000’’ and inserting ‘‘$250,000’’. 
Æ 
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