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SEC. 1479. SPECIAL MILK PROGRAM.
(a) IN GENERAL.—Section 3(a) of the Child Nutrition
Act of 1966 (42 U.S.C. 1772(a)) is amended by striking
paragraph (8) and inserting the following:
‘‘(8) ADJUSTMENTS.—
‘‘(A) IN
GENERAL.—Except as otherwise
provided in this paragraph, in the case of each
school year, the Secretary shall—
‘‘(i) base the adjustment made under
paragraph (7) on the amount of the
unrounded adjustment for the preceding
school year;
‘‘(ii) adjust the resulting amount in
accordance with paragraph (7); and
‘‘(iii) round the result to the nearest
lower cent increment.
‘‘(B) ADJUSTMENT ON JANUARY 1, 1996.—
On January 1, 1996, the Secretary shall adjust
the minimum rate for the remainder of the
school year by rounding the previously estab-
lished minimum rate to the nearest lower cent
increment.
‘‘(C) ADJUSTMENT FOR 24-MONTH PERIOD
BEGINNING JULY 1, 1996.—In the case of the 24-
month period beginning July 1, 1996, the mini-
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mum rate shall be the same as the minimum
rate in effect on June 30, 1996.
‘‘(D) ADJUSTMENT FOR SCHOOL YEAR BE-
GINNING JULY 1, 1998.—In the case of the school
year beginning July 1, 1998, the Secretary
shall—
‘‘(i) base the adjustment made under
paragraph (7) on the amount of the
unrounded adjustment for the minimum
rate for the school year beginning July 1,
1995;
‘‘(ii) adjust the resulting amount to re-
flect changes in the Producer Price Index
for Fresh Processed Milk published by the
Bureau of Labor Statistics of the Depart-
ment of Labor for the most recent 12-month
period for which the data are available; and
‘‘(iii) round the result to the nearest
lower cent increment.’’.
(b) EFFECTIVE DATE.—The amendment made by sub-
section (a) shall become effective on January 1, 1996.
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SEC. 1480. NUTRITION EDUCATION AND TRAINING PRO-
GRAMS.
(a) IN GENERAL.—Section 19(i)(2)(A) of the Child
Nutrition Act of 1966 (42 U.S.C. 1788(i)(2)(A)) is amended
by striking ‘‘$10,000,000’’ and inserting ‘‘$7,000,000’’.
(b) EFFECTIVE DATE.—The amendment made by sub-
section (a) shall become effective on October 1, 1996.
SEC. 1481. EFFECTIVE DATE.
Except as otherwise provided in this chapter, this
chapter and the amendments made by this chapter shall be-
come effective on October 1, 1995.
CHAPTER 4—EFFECTIVE DATE
SEC. 1491. EFFECTIVE DATE.
Notwithstanding any other provision of this subtitle,
if the Act entitled ‘‘An Act to restore the American family,
reduce illegitimacy, control welfare spending and reduce
welfare dependence’’ is enacted on or before December 31,
1996, the amendments made by chapters 1 and 2 of this
subtitle shall be effective only during the period prior to
the date of enactment of such Act.
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TITLE II—COMMITTEE ON
ARMED SERVICES
SEC. 2001. DISPOSAL OF OBSOLETE AND EXCESS MATE-
RIALS CONTAINED IN THE NATIONAL DE-
FENSE STOCKPILE.
(a) DISPOSAL AUTHORIZED.—During the 7-year pe-
riod beginning on October 1, 1995, the President shall sell
in accordance with this section such quantities of materials
currently contained in the National Defense Stockpile
(within the limits of subsection (c)) as are necessary to
achieve proceeds in the total amount of $649,000,000.
(b) MINIMUM SALES EACH YEAR.—The President
shall sell materials under subsection (a) as necessary in a
fiscal year to ensure that, by the end of that fiscal year,
the total amount of the proceeds received by the United
States from such sales and from the sales under subsection
(a) during preceding fiscal years equals or exceeds the
amount indicated for that fiscal year as follows:
(1) By the end of fiscal year 1996, $71,000,000.
(2) By the end of fiscal year 1997, $115,000,000.
(3) By the end of fiscal year 1998, $181,000,000.
(4) By the end of fiscal year 1999, $272,000,000.
(5) By the end of fiscal year 2000, $388,000,000.
(6) By the end of fiscal year 2001, $530,000,000.
(7) By the end of fiscal year 2002, $649,000,000.
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(c) MATERIALS COVERED.— The materials subject to
sale under this section and the maximum quantity of each
material authorized to be sold by the President are set forth
in the following table:
Authorized Stockpile Disposals
Material for disposal
Quantity
Aluminum ....................................................................................
20,000 short tons
Chromium Metal ..........................................................................
2,000 short tons
Cobalt ............................................................................................
30,000,000 pounds
of contained co-
balt
Columbium Carbide .....................................................................
10,000 pounds of
contained colum-
bium
Columbium Ferro .........................................................................
500,000 pounds of
contained colum-
bium
Diamond, Bort .............................................................................
40,000 carats
Diamond Stones ...........................................................................
2,500,000 carats
Germanium Metal ........................................................................
40,000 kilograms
Indium ..........................................................................................
35,000 troy ounces
Mica, Phlogopite Block ................................................................
65,000 pounds
Platinum ......................................................................................
25,000 troy ounces
Palladium .....................................................................................
55,000 troy ounces
Rubber, Natural ...........................................................................
75,000 long tons
Tantalum, Carbide Powder .........................................................
6,000 pounds of
contained tanta-
lum
Tantalum, Minerals .....................................................................
750,000 pounds of
contained tanta-
lum
Tantalum, Oxide ..........................................................................
40,000 pounds of
contained tanta-
lum
Titanium Sponge .........................................................................
15,000 short tons
Tungsten, Ore and Concentrate ..................................................
19,850,000 pounds
of contained
tungsten
Tungsten Carbide .........................................................................
50,000 pounds of
contained tung-
sten
Tungsten Metal Powder ...............................................................
50,000 pounds of
contained tung-
sten
Tungsten Ferro .............................................................................
50,000 pounds of
contained tung-
sten
Vegetable Tannin, Chestnut ........................................................
2,500 long tons
Vegetable Tannin, Quebracho ......................................................
35,000 long tons
Vegetable Tannin, Wattle ............................................................
3,000 long tons
(d) RELATIONSHIP TO OTHER DISPOSAL AUTHOR-
ITY.—(1) The disposal authority provided in this section
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is in addition to any other disposal authority provided by
law.
(2) The President may not sell materials under this
section before disposing of the maximum quantities of mate-
rials in the National Defense Stockpile that the President
is authorized to dispose of under laws enacted before the
date of the enactment of this Act (except the Strategic and
Critical Materials Stock Piling Act).
(e) DISPOSITION
OF PROCEEDS.—Proceeds of sales
under this section shall be credited to the general fund of
the Treasury for reduction of budget deficits.
TITLE III—COMMITTEE ON BANK-
ING, HOUSING, AND URBAN
AFFAIRS
SEC. 3001. STABILIZATION OF THE SAVINGS ASSOCIATION
INSURANCE FUND.
(a) SPECIAL ASSESSMENT TO CAPITALIZE SAIF.—
(1) IN GENERAL.—Except as provided in para-
graph (6), the Board of Directors shall impose a spe-
cial assessment on the SAIF-assessable deposits of
each insured depository institution at a rate that the
Board of Directors, in its sole discretion, determines
will cause the Savings Association Insurance Fund to
achieve the designated reserve ratio on the first busi-
ness day of January 1996.
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(ii) such other date as the Corporation
shall prescribe, but not later than 60 days
after the date of enactment of this Act.
(5) ASSESSMENT DEPOSITED IN SAIF.—Notwith-
standing any other provision of law, the proceeds of
the special assessment imposed under this subsection
shall be deposited in the Savings Association Insur-
ance Fund.
(6) DISCRETION
TO
EXEMPT
WEAK
INSTITU-
TIONS.—
(A) IN GENERAL.—The Board of Directors
may, by order, in its sole discretion, exempt any
insured depository institution that the Board of
Directors determines to be weak from paying the
special assessment imposed under this subsection
if the Board of Directors determines that the ex-
emption would reduce risk to the Savings Asso-
ciation Insurance Fund.
(B) GUIDELINES
REQUIRED.—Not later
than 30 days after the date of enactment of this
Act, the Board of Directors shall prescribe guide-
lines setting forth the criteria that the Board of
Directors will use in exempting institutions
under subparagraph (A). Such guidelines shall
be published in the Federal Register.
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(C) EXEMPTION FOR CERTAIN NEWLY CHAR-
TERED INSTITUTIONS.—
(i) IN GENERAL.—In addition to the
institutions exempted from paying the spe-
cial assessment under subparagraph (A), the
Board of Directors shall, by order, exempt
any insured depository institution from
payment of the special assessment if the in-
stitution was in existence on October 1,
1995, and held no Savings Association In-
surance Fund insured deposits prior to
January 1, 1993.
(ii) DEFINITION.—For purposes of this
subparagraph, 
an 
institution 
shall 
be
deemed to have held Savings Association In-
surance Fund insured deposits prior to
January 1, 1993, if it directly held Savings
Association Insurance Fund insured depos-
its prior to that date, or it succeeded to, ac-
quired, purchased, or otherwise holds any
Savings Association Insurance Fund in-
sured deposits as of the date of enactment of
this Act that were Savings Association In-
surance Fund insured prior to January 1,
1993.
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(D) EXEMPT INSTITUTIONS REQUIRED TO
PAY ASSESSMENTS AT FORMER RATES.—
(i) PAYMENTS TO SAIF AND DIF.—Any
insured depository institution that the
Board of Directors exempts under this para-
graph from paying the special assessment
imposed under this subsection shall pay
semiannual assessments—
(I) into the Savings Association
Insurance Fund during calendar years
1996 and 1997, based on SAIF-assess-
able deposits of that institution, at as-
sessment rates calculated under the
schedule in effect for Savings Associa-
tion Insurance Fund members on June
30, 1995; and
(II) into the Deposit Insurance
Fund during the period beginning on
January 1, 1998 and ending on De-
cember 31, 1999, based on SAIF-assess-
able deposits of that institution, at as-
sessment rates calculated under the
schedule in effect for Savings Associa-
tion Insurance Fund members on June
30, 1995, except that subclause (I)
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shall continue to apply if and only so
long as the Bank Insurance Fund and
the Savings Association Insurance
Fund are not merged into the Deposit
Insurance Fund.
(ii) OPTIONAL PRO RATA PAYMENT OF
SPECIAL ASSESSMENT.—This subparagraph
shall not apply with respect to any insured
depository institution (or successor insured
depository institution) that has paid, dur-
ing any calendar year from 1997 through
1999, upon such terms as the Corporation
may announce, an amount equal to the
product of—
(I) 12.5 percent of the special as-
sessment that the institution would
have been required to pay under para-
graph (1), if the Board of Directors
had not exempted the institution; and
(II) the number of full semi-
annual periods remaining between the
date of the payment and December 31,
1999.
(7) ADJUSTMENT OF SPECIAL ASSESSMENT FOR
CERTAIN BANK INSURANCE FUND MEMBER BANKS.—
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(A) IN GENERAL.—For purposes of comput-
ing the special assessment imposed under this
subsection with respect to a Bank Insurance
Fund member bank, the amount of any deposits
which section 5(d)(3) of the Federal Deposit In-
surance Act treats as insured by the Savings As-
sociation Insurance Fund shall be reduced by 5
percent, if the adjusted attributable deposit
amount of the Bank Insurance Fund member
bank is less than 50 percent of the total deposits
of that member bank as of June 30, 1995.
(B) ADJUSTED
ATTRIBUTABLE
DEPOSIT
AMOUNT.—For purposes of this paragraph, the
‘‘adjusted attributable deposit amount’’ shall be
determined in accordance with section 5(d)(3)(C)
of the Federal Deposit Insurance Act.
(8) ADJUSTMENT
TO
THE
ADJUSTED
ATTRIB-
UTABLE DEPOSIT AMOUNT FOR CERTAIN BANK INSUR-
ANCE FUND MEMBER BANKS.—Section 5(d)(3) of the
Federal Deposit Insurance Act (12 U.S.C. 1815(d)(3))
is amended—
(A) in subparagraph (C), by striking ‘‘The
adjusted attributable deposit amount’’ and in-
serting ‘‘Except as provided in subparagraph
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Savings Association Insurance Fund as of March
31, 1995, shall be reduced by 10 percent.
(B) CONVERTED
ASSOCIATION.—For pur-
poses of this paragraph, the term ‘‘converted as-
sociation’’ means—
(i) any Federal savings association
that is a member of the Savings Association
Insurance Fund and that had been, or has
acquired by merger, consolidation, or other-
wise the deposits of an institution that had
been, a State savings bank, the deposits of
which were insured under the Federal De-
posit Insurance Act prior to August 9,
1989; and
(ii) a State depository institution that
is a member of the Savings Association In-
surance Fund that had been a State savings
bank prior to October 1, 1992, and was a
Federal savings association on August 9,
1989.
(b) FINANCING CORPORATION ASSESSMENTS SHARED
PROPORTIONALLY BY ALL INSURED DEPOSITORY INSTITU-
TIONS.—
(1) IN
GENERAL.—Section 21 of the Federal
Home Loan Bank Act (12 U.S.C. 1441) is amended—
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(A) in subsection (f)(2)—
(i) in the matter immediately preced-
ing subparagraph (A)—
(I) by striking ‘‘Savings Associa-
tion Insurance Fund member’’ and in-
serting ‘‘insured depository institu-
tion’’; and
(II) by striking ‘‘members’’ and
inserting ‘‘institutions’’; and
(ii) in subparagraph (A), by striking
‘‘against Savings Association Insurance
Fund members’’ and inserting ‘‘against in-
sured depository institutions’’;
(B) in subsection (k)—
(i) by striking ‘‘section—’’ and insert-
ing ‘‘section, the following definitions shall
apply:’’;
(ii) by striking paragraph (1);
(iii) by redesignating paragraphs (2)
and (3) as paragraphs (1) and (2), respec-
tively; and
(iv) by adding at the end the following
new paragraph:
‘‘(3) INSURED
DEPOSITORY
INSTITUTION.—The
term ‘insured depository institution’ has the same
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meaning as in section 3 of the Federal Deposit Insur-
ance Act.’’.
(2) 
CONFORMING
AMENDMENT.—Section
7(b)(2)(D) of the Federal Deposit Insurance Act (12
U.S.C. 1817(b)(2)(D)) is amended by striking
‘‘against Savings Association Insurance Fund mem-
bers’’ and inserting ‘‘against insured depository insti-
tutions’’.
(3) EFFECTIVE DATE.—This subsection and the
amendments made by this subsection shall become ef-
fective on January 1, 1996.
(c) INSURANCE PREMIUMS FOR CAPITALIZED INSUR-
ANCE FUNDS.—
(1) REBATES FOR CAPITALIZED FUND.—Section
7 of the Federal Deposit Insurance Act (12 U.S.C.
1817) is amended—
(A) by redesignating subsections (d) through
(n) as subsections (e) through (o), respectively;
and
(B) by inserting after subsection (c) the fol-
lowing new subsection:
‘‘(d) BANK INSURANCE FUND ASSESSMENT CRED-
ITS.—
‘‘(1) CREDIT AMOUNT.—
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‘‘(A) IN
GENERAL.—Notwithstanding any
other provision of law, if the Corporation deter-
mines, after considering the operating costs and
expenses, case resolution expenditures, invest-
ment income, and assessment income of the Bank
Insurance Fund, that the reserve ratio of the
Bank Insurance Fund is expected to exceed the
designated reserve ratio during the succeeding
semiannual period, the Board of Directors may,
in its sole discretion, provide an assessment cred-
it with respect to Bank Insurance Fund assess-
ments (for that succeeding semiannual period)—
‘‘(i) in an amount that the Corpora-
tion determines will reduce the reserve ratio
of the Bank Insurance Fund to the des-
ignated reserve ratio; or
‘‘(ii) in a lesser amount, as determined
by the Corporation.
‘‘(B) LIMIT.—The amount of assessment
credit under subparagraph (A) shall not exceed
100 percent of the net assessment income to be
received with respect to the Bank Insurance
Fund in the succeeding semiannual period.
‘‘(2) DEFINITIONS.—For purposes of this sub-
section, the terms ‘net assessment income’, ‘operating
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costs and expenses’, ‘insurance costs’, and ‘investment
income’ shall have the same meanings as in para-
graphs (4) and (5) of section 7(d) of the Federal De-
posit Insurance Act, as in effect on the day before the
date of enactment of the Federal Deposit Insurance
Corporation Improvement Act of 1991, except that the
term ‘semiannual period’ shall be substituted for the
term ‘calendar year’ wherever that term appears.’’.
(2) STABILIZING
PREMIUMS
FOR
BIF
AND
SAIF.—Section 7(b) of the Federal Deposit Insurance
Act (12 U.S.C. 1817(b)) is amended by adding at the
end the following new paragraph:
‘‘(8) RATE
COMPARABILITY.—Notwithstanding
any other provision of law, assessment rates for mem-
bers of the Savings Association Insurance Fund shall
not be lower than assessment rates for members of the
Bank Insurance Fund of comparable risk until the
first full semiannual period following the last matu-
rity date of all obligations issued by the Financing
Corporation pursuant to section 21(c) of the Federal
Home Loan Bank Act.’’.
(d) MERGER OF BIF AND SAIF.—
(1) IN GENERAL.—Effective as provided in para-
graph (4)—
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(A) the Bank Insurance Fund and the Sav-
ings Association Insurance Fund shall be merged
into the Deposit Insurance Fund established by
section 11(a)(4) of the Federal Deposit Insurance
Act, as amended by this subsection;
(B) all assets and liabilities of the Bank In-
surance Fund and the Savings Association In-
surance Fund shall be transferred to the Deposit
Insurance Fund; and
(C) the separate existence of the Bank In-
surance Fund and the Savings Association In-
surance Fund shall cease.
(2) SPECIAL RESERVE OF THE DEPOSIT INSUR-
ANCE FUND.—Effective as provided in paragraph (4),
if, immediately before the merger of the Bank Insur-
ance Fund and the Savings Association Insurance
Fund, the reserve ratio of the Savings Association In-
surance Fund exceeds the designated reserve ratio, the
amount by which that reserve ratio exceeds the des-
ignated reserve ratio shall be placed in the Special
Reserve of the Deposit Insurance Fund, established
under section 11(a)(5) of the Federal Deposit Insur-
ance Act, as amended by this subsection.
(3) CONFORMING AMENDMENTS.—
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(A) DEPOSIT
INSURANCE
FUND.—Section
11(a)(4) of the Federal Deposit Insurance Act
(12 U.S.C. 1821(a)(4)) is amended—
(i) by redesignating subparagraph (B)
as subparagraph (C);
(ii) by striking subparagraph (A) and
inserting the following:
‘‘(A) ESTABLISHMENT.—There is estab-
lished the Deposit Insurance Fund, which the
Corporation shall—
‘‘(i) maintain and administer;
‘‘(ii) use to carry out its insurance
purposes in the manner provided by this
subsection; and
‘‘(iii) invest in accordance with section
13(a).
‘‘(B) USES.—The Deposit Insurance Fund
shall be available to the Corporation for use with
respect to Deposit Insurance Fund members.’’;
and
(iii) by striking ‘‘(4) GENERAL PROVI-
SIONS RELATING TO FUNDS.—’’ and insert-
ing the following:
‘‘(4) DEPOSIT INSURANCE FUND.—’’.
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(B) 
OTHER
REFERENCES.—Section
11(a)(4)(C) of the Federal Deposit Insurance Act
(12 U.S.C. 1821(a)(4)(C) (as redesignated by
subparagraph (A) of this paragraph)) is amend-
ed by striking ‘‘Bank Insurance Fund and the
Savings Association Insurance Fund’’ and in-
serting ‘‘Deposit Insurance Fund’’.
(C) 
DEPOSITS
INTO
FUND.—Section
11(a)(4) of the Federal Deposit Insurance Act
(12 U.S.C. 1821(a)(4)) is amended by adding at
the end the following new subparagraph:
‘‘(D) DEPOSITS.—All amounts assessed
against insured depository institutions by the
Corporation shall be deposited in the Deposit In-
surance Fund.’’.
(D) SPECIAL RESERVE OF DEPOSITS.—Sec-
tion 11(a)(5) of the Federal Deposit Insurance
Act (12 U.S.C. 1821(a)(5)) is amended to read
as follows:
‘‘(5) SPECIAL RESERVE OF DEPOSIT INSURANCE
FUND.—
‘‘(A) SPECIAL RESERVE OF DEPOSIT INSUR-
ANCE FUND ESTABLISHED.—
‘‘(i) ESTABLISHMENT.—There is estab-
lished a Special Reserve of the Deposit In-
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surance Fund, which shall be administered
by the Corporation and shall be invested in
accordance with section 13(a).
‘‘(ii) LIMITATION.—The Corporation
shall not provide any assessment credit, re-
fund, or other payment from any amount
in the Special Reserve.
‘‘(B) EMERGENCY
USE
OF
SPECIAL
RE-
SERVE.—Notwithstanding subparagraph (A)(ii),
the Corporation may, in its sole discretion,
transfer amounts from the Special Reserve to the
Deposit Insurance Fund, for the purposes set
forth in paragraph (4), only if—
‘‘(i) the reserve ratio of the Deposit In-
surance Fund is less than 50 percent of the
designated reserve ratio; and
‘‘(ii) the Corporation expects the re-
serve ratio of the Deposit Insurance Fund to
remain less than 50 percent of the des-
ignated reserve ratio for each of the next 4
calendar quarters.
‘‘(C) EXCLUSION OF SPECIAL RESERVE IN
CALCULATING
RESERVE
RATIO.—Notwithstand-
ing any other provision of law, any amounts in
the Special Reserve shall be excluded in calculat-
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ing the reserve ratio of the Deposit Insurance
Fund under section 7.’’.
(E) FEDERAL HOME LOAN BANK ACT.—Sec-
tion 21B(f)(2)(C)(ii) of the Federal Home Loan
Bank Act (12 U.S.C. 1441b(f)(2)(C)(ii)) is
amended—
(i) in subclause (I), by striking ‘‘to
Savings Associations Insurance Fund mem-
bers’’ and inserting ‘‘to insured depository
institutions, and their successors, which
were Savings Association Insurance Fund
members on September 1, 1995’’; and
(ii) in subclause (II), by striking ‘‘to
Savings Associations Insurance Fund mem-
bers’’ and inserting ‘‘to insured depository
institutions, and their successors, which
were Savings Association Insurance Fund
members on September 1, 1995’’.
(F) REPEALS.—
(i) SECTION 3.—Section 3 of the Fed-
eral Deposit Insurance Act (12 U.S.C.
1813) is amended—
(I) by striking subsection (y); and
(II) by redesignating subsection
(z) as subsection (y).
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(ii) SECTION 7.—Section 7 of the Fed-
eral Deposit Insurance Act (12 U.S.C.
1817) is amended—
(I) by striking subsection (l);
(II) by redesignating subsections
(m) and (n) as subsections (l) and (m),
respectively;
(III) in subsection (b)(2), by
striking subparagraph (B); and
(IV) in subsection (b)(2), by redes-
ignating subparagraphs (C) through
(H) as subparagraphs (B) through (G),
respectively.
(iii) SECTION 11.—Section 11(a) of the
Federal Deposit Insurance Act (12 U.S.C.
1121(a)) is amended—
(I) by striking paragraphs (6)
and (7); and
(II) by redesignating paragraph
(8) as paragraph (6).
(iv) RATE
COMPARABILITY.—Section
7(b) of the Federal Deposit Insurance Act
(12 U.S.C. 1817(b)) is amended by striking
paragraph (8) (as added by subsection (c)
of this section).
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(4) EFFECTIVE DATE.—This subsection and the
amendments made by this subsection and subsection
(e) shall become effective on January 1, 1998, if no
insured depository institution is a savings association
on that date.
(e) OTHER TECHNICAL
AND CONFORMING AMEND-
MENTS.—
(1) SECTION 5136 OF THE REVISED STATUTES.—
Paragraph Eleventh of section 5136 of the Revised
Statutes (12 U.S.C. 24) is amended in the fifth sen-
tence by striking ‘‘affected deposit insurance fund’’
and inserting ‘‘Deposit Insurance Fund’’.
(2) INVESTMENTS PROMOTING PUBLIC WELFARE;
LIMITATIONS ON AGGREGATE INVESTMENTS.—The 23d
undesignated paragraph of section 9 of the Federal
Reserve Act (12 U.S.C. 338a) is amended in the
fourth sentence, by striking ‘‘affected deposit insur-
ance fund’’ and inserting ‘‘Deposit Insurance Fund’’.
(3) 
ADVANCES
TO
CRITICALLY
UNDERCAPITALIZED
DEPOSITORY
INSTITUTIONS.—
Section 10B(b)(3)(A)(ii) of the Federal Reserve Act
(12 U.S.C. 347b(b)(3)(A)(ii)) is amended by striking
‘‘any deposit insurance fund in’’ and inserting ‘‘the
Deposit Insurance Fund of’’.
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(4) AMENDMENTS TO THE BALANCED BUDGET
AND EMERGENCY DEFICIT CONTROL ACT OF 1985.—
Section 255(g)(1)(A) of the Balanced Budget and
Emergency Deficit Control Act of 1985 (2 U.S.C.
905(g)(1)(A)) is amended—
(A) by striking ‘‘Bank Insurance Fund’’
and inserting ‘‘Deposit Insurance Fund’’; and
(B) by striking ‘‘Federal Deposit Insurance
Corporation, 
Savings 
Association 
Insurance
Fund;’’.
(5) AMENDMENTS TO THE FEDERAL HOME LOAN
BANK ACT.—The Federal Home Loan Bank Act (12
U.S.C. 1421 et seq.) is amended—
(A) in section 11(k) (12 U.S.C. 1431(k))—
(i) in the subsection heading, by strik-
ing ‘‘SAIF’’ and inserting ‘‘THE DEPOSIT
INSURANCE FUND’’; and
(ii) by striking ‘‘Savings Association
Insurance Fund’’ each place such term ap-
pears and inserting ‘‘Deposit Insurance
Fund’’;
(B) in section 21A(b)(4)(B) (12 U.S.C.
1441a(b)(4)(B)), by striking ‘‘affected deposit in-
surance fund’’ and inserting ‘‘Deposit Insurance
Fund’’;
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(C) in section 21A(b)(6)(B) (12 U.S.C.
1441a(b)(6)(B))—
(i) in the subparagraph heading, by
striking ‘‘SAIF-INSURED
BANKS’’ and in-
serting ‘‘CHARTER CONVERSIONS’’; and
(ii) by striking ‘‘Savings Association
Insurance Fund member’’ and inserting
‘‘savings association’’;
(D) in section 21A(b)(10)(A)(iv)(II) (12
U.S.C. 
1441a(b)(10)(A)(iv)(II)), 
by 
striking
‘‘Savings Association Insurance Fund’’ and in-
serting ‘‘Deposit Insurance Fund’’;
(E) 
in 
section 
21B(e) 
(12 
U.S.C.
1441b(e))—
(i) in paragraph (5), by inserting ‘‘as
of the date of funding’’ after ‘‘Savings Asso-
ciation Insurance Fund members’’ each
place such term appears;
(ii) by striking paragraph (7); and
(iii) by redesignating paragraph (8) as
paragraph (7); and
(F) 
in 
section 
21B(k) 
(12 
U.S.C.
1441b(k))—
(i) by striking paragraph (8); and
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(ii) by redesignating paragraphs (9)
and (10) as paragraphs (8) and (9), respec-
tively.
(6) AMENDMENTS TO THE HOME OWNERS’ LOAN
ACT.—The Home Owners’ Loan Act (12 U.S.C. 1461
et seq.) is amended—
(A) in section 5 (12 U.S.C. 1464)—
(i) in subsection (c)(5)(A), by striking
‘‘that is a member of the Bank Insurance
Fund’’;
(ii) in subsection (c)(6), by striking
‘‘As used in this subsection—’’ and insert-
ing ‘‘For purposes of this subsection, the fol-
lowing definitions shall apply:’’;
(iii) in subsection (o)(1), by striking
‘‘that is a Bank Insurance Fund member’’;
(iv) in subsection (o)(2)(A), by striking
‘‘a Bank Insurance Fund member until
such time as it changes its status to a Sav-
ings Association Insurance Fund member’’
and inserting ‘‘insured by the Deposit In-
surance Fund’’;
(v) in subsection (t)(5)(D)(iii)(II), by
striking ‘‘affected deposit insurance fund’’
and inserting ‘‘Deposit Insurance Fund’’;
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(vi) in subsection (t)(7)(C)(i)(I), by
striking ‘‘affected deposit insurance fund’’
and inserting ‘‘Deposit Insurance Fund’’;
and
(vii) in subsection (v)(2)(A)(i), by
striking ‘‘, the Savings Association Insur-
ance Fund’’ and inserting ‘‘or the Deposit
Insurance Fund’’; and
(B) in section 10 (12 U.S.C. 1467a)—
(i) in subsection (e)(1)(A)(iii)(VII), by
adding ‘‘or’’ at the end;
(ii) in subsection (e)(1)(A)(iv), by add-
ing ‘‘and’’ at the end;
(iii) in subsection (e)(1)(B), by strik-
ing ‘‘Savings Association Insurance Fund
or Bank Insurance Fund’’ and inserting
‘‘Deposit Insurance Fund’’;
(iv) in subsection (e)(2), by striking
‘‘Savings Association Insurance Fund or
the Bank Insurance Fund’’ and inserting
‘‘Deposit Insurance Fund’’; and
(v) in subsection (m)(3), by striking
subparagraph (E), and by redesignating
subparagraphs (F), (G), and (H) as sub-
paragraphs (E), (F), and (G), respectively.
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(7) AMENDMENTS TO THE NATIONAL HOUSING
ACT.—The National Housing Act (12 U.S.C. 1701 et
seq.) is amended—
(A) in section 317(b)(1)(B) (12 U.S.C.
1723i(b)(1)(B)), by striking ‘‘Bank Insurance
Fund for banks or through the Savings Associa-
tion Insurance Fund for savings associations’’
and inserting ‘‘Deposit Insurance Fund’’; and
(B) in section 526(b)(1)(B)(ii) (12 U.S.C.
1735f–14(b)(1)(B)(ii)), by striking ‘‘Bank Insur-
ance Fund for banks and through the Savings
Association Insurance Fund for savings associa-
tions’’ and inserting ‘‘Deposit Insurance Fund’’.
(8) AMENDMENTS TO THE FEDERAL DEPOSIT IN-
SURANCE ACT.—The Federal Deposit Insurance Act
(12 U.S.C. 1811 et seq.) is amended—
(A) 
in 
section 
3(a)(1) 
(12 
U.S.C.
1813(a)(1)), by striking subparagraph (B) and
inserting the following:
‘‘(B) includes any former savings associa-
tion.’’;
(B) 
in 
section 
5(b)(5) 
(12 
U.S.C.
1815(b)(5)), by striking ‘‘the Bank Insurance
Fund or the Savings Association Insurance
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Fund;’’ 
and 
inserting 
‘‘Deposit 
Insurance
Fund,’’;
(C) in section 5(d) (12 U.S.C. 1815(d)), by
striking paragraphs (2) and (3);
(D) 
in 
section 
5(d)(1) 
(12 
U.S.C.
1815(d)(1))—
(i) in subparagraph (A), by striking
‘‘reserve ratios in the Bank Insurance Fund
and the Savings Association Insurance
Fund’’ and inserting ‘‘the reserve ratio of
the Deposit Insurance Fund’’;
(ii) by striking subparagraph (B) and
inserting the following:
‘‘(2) FEE CREDITED TO THE DEPOSIT INSUR-
ANCE FUND.—The fee paid by the depository institu-
tion under paragraph (1) shall be credited to the De-
posit Insurance Fund.’’;
(iii) by striking ‘‘(1) UNINSURED IN-
STITUTIONS.—’’; and
(iv) by redesignating subparagraphs
(A) and (C) as paragraphs (1) and (3), re-
spectively and moving the margins 2 ems to
the left;
(E) in section 5(e) (12 U.S.C. 1815(e))—
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(i) in paragraph (5)(A), by striking
‘‘Bank Insurance Fund or the Savings Asso-
ciation Insurance Fund’’ and inserting
‘‘Deposit Insurance Fund’’;
(ii) by striking paragraph (6); and
(iii) by redesignating paragraphs (7),
(8), and (9) as paragraphs (6), (7), and (8),
respectively;
(F) in section 6(5) (12 U.S.C. 1816(5)), by
striking ‘‘Bank Insurance Fund or the Savings
Association Insurance Fund’’ and inserting ‘‘De-
posit Insurance Fund’’;
(G) in section 7(b) (12 U.S.C. 1817(b))—
(i) in paragraph (1)(D), by striking
‘‘each deposit insurance fund’’ and insert-
ing ‘‘the Deposit Insurance Fund’’;
(ii) in clauses (i)(I) and (iv) of para-
graph (2)(A), by striking ‘‘each deposit in-
surance fund’’ each place such term appears
and 
inserting 
‘‘the 
Deposit 
Insurance
Fund’’;
(iii) in paragraph (2)(A)(iii), by strik-
ing ‘‘a deposit insurance fund’’ and insert-
ing ‘‘the Deposit Insurance Fund’’;
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(iv) in paragraph (2)(D) (as redesig-
nated by section 3001(d)(3)(F)(ii)(IV) of
this Act)—
(I) by striking ‘‘any deposit in-
surance fund’’ and inserting ‘‘the De-
posit Insurance Fund’’; and
(II) by striking ‘‘that fund’’ each
place such term appears and inserting
‘‘the Deposit Insurance Fund’’;
(v) by striking paragraph (2)(E) (as
redesignated 
by 
section
3001(d)(3)(F)(ii)(IV) of this Act);
(vi) in paragraph (2)(F) (as redesig-
nated by section 3001(d)(3)(F)(ii)(IV) of
this Act)—
(I) in the subparagraph heading,
by striking ‘‘FUNDS ACHIEVE’’ and in-
serting ‘‘FUND ACHIEVES’’; and
(II) by striking ‘‘a deposit insur-
ance fund’’ and inserting ‘‘the Deposit
Insurance Fund’’;
(vii) in paragraph (3)—
(I) in the paragraph heading, by
striking 
‘‘FUNDS’’ 
and 
inserting
‘‘FUND’’;
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(B) TO THE ASSOCIATION.—Not later than
10 days after the transfer under subparagraph
(A) is completed, the Secretary of the Treasury
shall transfer to the Association an amount equal
to the amount transferred under subparagraph
(A).
TITLE IV—COMMITTEE ON COM-
MERCE, SCIENCE, AND TRANS-
PORTATION
Subtitle A—Communications
SEC. 4001. SPECTRUM AUCTIONS.
(a) EXTENSION AND EXPANSION OF AUCTION AUTHOR-
ITY.—
(1) AMENDMENTS.—Section 309(j) of the Com-
munications Act of 1934 (47 U.S.C. 309(j)) is amend-
ed—
(A) by striking paragraphs (1) and (2) and
inserting the following:
‘‘(1) GENERAL AUTHORITY.—If, consistent with
the obligations described in paragraph (6)(E), mutu-
ally exclusive applications are accepted for any ini-
tial license or construction permit which will involve
an exclusive use of the electromagnetic spectrum, then
the Commission shall grant such license or permit to
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(9) The term ‘‘privatization date’’ means the
date on which 100 percent of the ownership of the
Corporation has been transferred to private investors.
(10) The term ‘‘public offering’’ means an under-
written offering to the public of the common stock of
the private corporation pursuant to section 5004.
(11) The ‘‘Russian HEU Agreement’’ means the
Agreement Between the Government of the United
States of America and the Government of the Russian
Federation Concerning the Disposition of Highly En-
riched Uranium Extracted from Nuclear Weapons,
dated February 18, 1993.
(12) The term ‘‘Secretary’’ means the Secretary
of Energy.
(13) The ‘‘Suspension Agreement’’ means the
Agreement to Suspend the Antidumping Investigation
on Uranium from the Russian Federation, as amend-
ed.
(14) The term ‘‘uranium enrichment’’ means the
separation of uranium of a given isotopic content
into 2 components, 1 having a higher percentage of a
fissile isotope and 1 having a lower percentage.
SEC. 5004. SALE OF THE CORPORATION.
(a) AUTHORIZATION.—The Board of Directors of the
Corporation, with the approval of the Secretary of the