To make a technical correction to the Federal Deposit Insurance Act.

SA 1463. Mrs. LINCOLN submitted an amendment intended to be proposed
to amendment SA 1373 proposed by Mr. Reid (for Mr. Byrd (for himself,
Mr. Inouye, and Mrs. Murray)) to the bill

[[Page S7331]]

H.R. 2892, making appropriations for the Department of Homeland
Security for the fiscal year ending September 30, 2010, and for other
purposes; as follows:

On page 77, between lines 16 and 17 insert the following:

SEC. 556. FEDERAL DEPOSIT INSURANCE ACT TECHNICAL CORRECTION.

(a) Applicable Annual Percentage Rate of Interest.--Section
44(f)(1) of the Federal Deposit Insurance Act (12 U.S.C.
1831u(f)(1)) is amended--
(1) in the matter preceding subparagraph (A), by inserting
``(or in the case of a governmental entity located in such
State, paid)'' after ``received, or reserved''; and
(2) in subparagraph (B)--
(A) in the matter preceding clause (i), by striking
``nondepository institution operating in such State'' and
inserting ``governmental entity located in such State and any
person that is not a depository institution described in
subparagraph (A) doing business in such State'';
(B) by redesignating clause (ii) as clause (iii);
(C) in clause (i)--
(i) in subclause (III)--

(I) in item (aa), by adding ``and'' at the end;
(II) in item (bb), by striking ``, to facilitate'' and all
that follows through ``2009''; and
(III) by striking item (cc); and

(ii) by adding after subclause (III) the following:

``(IV) the uniform accessibility of bonds and obligations
issued under the American Recovery and Reinvestment Act of
2009;''; and

(D) by inserting after clause (i) the following:
``(ii) to facilitate interstate commerce through the
issuance of bonds and obligations under any provision of
State law, including bonds and obligations for the purpose of
economic development, education, and improvements to
infrastructure; and''.
(b) Effective Period.--The amendments made by this section
shall apply with respect to contracts consummated during the
period beginning on the date of enactment of this Act and
ending on December 31, 2010.
______