An amendment to strike "For purposes" on page 4, line 8, and insert "except as provided in subparagraph (G), for purposes"; to insert "with respect to any qualified insured depository institution" on page 4, line 15, before the comma at the end; to strike the closing quotation marks and the second period on page 7, line 2 and to insert a new subsection on page 7, line 2 entitled CONDITIONS FOR INCREASED DEPOSIT INSURANCE COVERAGE.

1. 1

   Change 1: Replaces “For purposes” with “Except as provided in subparagraph (G), for purposes”

   ReplacesPage 4, line 8Printed page

   [struck: For purposes][inserted: Except as provided in subparagraph (G), for purposes]

   Original wording

   Page 4, line 8, strike “For purposes” and insert “Except as provided in subparagraph (G), for purposes”.

2. 2

   Change 2: Inserts “with respect to any qualified insured depository institution” before the comma at the end

   InsertsPage 4, line 15Printed page

   Inserted: with respect to any qualified insured depository institution

   Original wording

   Page 4, line 15, insert “with respect to any qualified insured depository institution” before the comma at the end.

3. 3

   Change 3: Inserts new text on page 7, line 2

   InsertsPrinted page

   Inserted: (G) Conditions for increased deposit insurance coverage.--

   Inserted: (i) In general.--For purposes of subparagraph (E)(ii), an insured depository institution shall be treated as a qualified insured depository institution only if--

   Inserted: (I) in the process of posting credits and debits against a checking account used primarily for personal, family, or household purposes after the close of any business day, the depository institution credits all deposits to the account before debiting any check drawn on the account and presented to the depository institution for payment; and

   Inserted: (II) the depository institution imposes no fee for paying any check drawn on an account in spite of a lack of sufficient funds in the account to pay such check or any similar activity (commonly referred to as 'bounce protection') unless the accountholder has affirmatively requested such service.

   Inserted: (ii) Nonqualified insured depository institutions.--The standard maximum insurance amount applicable to any insured depository institution that is not a qualified insured depository institution shall be the amount described in subparagraph (E)(i) without regard to the effective date referred to in such subparagraph or any adjustment under subparagraph (F).

   Original wording

   Page 7, after line 2, insert the following new subparagraph:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed