Instructions: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Input: SECTION 1. PERMANENT INCREASE IN DEPOSIT INSURANCE.

(a) Amendments to Federal Deposit Insurance Act.--Effective upon
the date of the enactment of this Act, section 11(a) 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'';
(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 ''calendar year 2008''; and
(5) in paragraph (3)(A), by striking '', except 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''.
(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 Corporation and insured depository
institutions) or the Federal 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 Deposit Insurance
Corporation to set assessments under section 7(b)(2) of the
Federal Deposit Insurance 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 insured 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 Insurance Act (12
U.S.C. 1817(b)(3)(E)(ii)) is amended by striking ''5-year period'' and
inserting ''8-year period''.

SEC. 3. FDIC AND NCUA BORROWING AUTHORITY.

(a) FDIC.--Section 14(a) of the Federal Deposit Insurance Act (12
U.S.C. 1824(a)) is amended by striking ''$30,000,000,000'' and
inserting ''$100,000,000,000''.
(b) NCUA.--Section 203(d)(1) of the Federal Credit Union Act (12
U.S.C. 1783(d)(1)) is amended by striking ''$100,000,000'' and
inserting ''$6,000,000,000''.

SEC. 4. EXPANDING SYSTEMIC RISK SPECIAL ASSESSMENTS.

Section 13(c)(4)(G)(ii) of the Federal Deposit Insurance Act (12
U.S.C. 1823(c)(4)(G)(ii)) is amended to read as follows:
''(ii) Repayment of loss.--
''(I) In general.--The Corporation
shall recover the loss to the Deposit
Insurance Fund arising from any action
taken or assistance provided with
respect to an insured depository
institution under clause (i) from 1 or
more special assessments on insured
depository institutions, depository
institution holding companies (with the
concurrence of the Secretary of the
Treasury with respect to holding
companies), or both, as the Corporation
determines to be appropriate.
''(II) Treatment of depository
institution holding companies.--For
purposes of this clause, sections
7(c)(2) and 18(h) shall apply to
depository institution holding
companies as if they were insured
depository institutions.
''(III) Regulations.--The
Corporation shall prescribe such
regulations as it deems necessary to
implement this clause. In prescribing
such regulations, defining terms, and
setting the appropriate assessment rate
or rates, the Corporation shall
establish 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
subparagraph; economic conditions, the
effects on the industry, and such other
factors as the Corporation deems
appropriate and relevant to the action
taken or the assistance provided. Any
funds so collected that exceed actual
losses shall be placed in the Deposit
Insurance Fund.''.

SEC. 5. ESTABLISHMENT OF A NATIONAL CREDIT UNION SHARE INSURANCE FUND
RESTORATION PLAN PERIOD.

Section 202(c)(2) of the Federal Credit Union Act (12 U.S.C.
1782(c)(2)) is amended by adding at the end the following new
subparagraph:
''(D) Fund restoration plans.--
''(i) In general.--Whenever--
''(I) the Board projects that the
equity ratio of the Fund will, within 6
months of such determination, fall
below the minimum amount specified in
subparagraph (C) for the designated
equity ratio; or
''(II) the equity ratio of the Fund
actually falls below the minimum amount
specified in subparagraph (C) for the
equity ratio without any determination
under sub-clause (I) having been made,
the Board shall establish and implement a Share
Insurance Fund restoration plan within 90 days
that meets the requirements of clause (ii) and
such other conditions as the Board determines
to be appropriate.
''(ii) Requirements of restoration plan.--A
Share Insurance Fund restoration plan meets the
requirements of this clause if the plan
provides that the equity ratio of the Fund will
meet or exceed the minimum amount specified in
subparagraph (C) for the designated equity
ratio before the end of the 5-year period
beginning upon the implementation of the plan
(or such longer period as the Board may
determine to be necessary due to extraordinary
circumstances).
''(iii) Transparency.--Not more than 30
days after the Board establishes and implements
a restoration plan under clause (i), the Board
shall publish in the Federal Register a
detailed analysis of the factors considered and
the basis for the actions taken with regard to
the plan.''.
Output:
Amends the Federal Deposit Insurance Act (FDIA) and the Federal Credit Union Act (FCUA) to redefine the standard maximum deposit insurance amount and the standard maximum share insurance amount as being $250,000, respectively (thus making such increase permanent).

Amends the FDIA to: (1) extend from five years to eight years the period during which the restoration plan for the Deposit Insurance Fund (DIF) must rebuild its statutory reserve ratio; (2) increase to $100 billion the borrowing authority of the Federal Deposit Insurance Corporation (FDIC); and (3) authorize the FDIC to impose special assessments upon depository institution holding companies to recover losses to the DIF.

Amends the FCUA to: (1) increase to $6 billion the borrowing authority of the National Credit Union Administration (NCUA); and (2) require the NCUA Board to establish a Share Insurance Fund (SIF) restoration plan whenever the Board projects that the SIF equity ratio will fall below, or the SIF equity ratio actually does fall below, the required minimum amount. Sets forth restoration plan requirements.