S.Amdt. 3325

1. 1

   Change 1: Replaces “December 31” with “September 30”

   ReplacesPage 2, line 1Printed page

   [struck: December 31][inserted: September 30]

   Original wording

   On page 2, line 1, strike “December 31” and insert “September 30”.

2. 2

   Change 2: Replaces “December 31” with “September 30”

   ReplacesPage 3, line 13Printed page

   [struck: December 31][inserted: September 30]

   Original wording

   On page 3, line 13, strike “December 31” and insert “September 30”.

3. 3

   Change 3: Adds SEC. __. LIMITS ON GUARANTEE AMOUNTS at the end of the bill

   Adds a section

   In S. 3637 · Placed on Calendar Senate

   (2) collecting an amount equal to such estimated losses by September 30 of such calendar year, which shall be in addition to the assessments that would otherwise be collected by the Administration with respect to such year for insured credit unions (as defined in section 101 of that Act (12 U.S.C. 1752)) pursuant to section 202 of that Act (12 U.S.C. 1782).

   Inserted: SEC. __. LIMITS ON GUARANTEE AMOUNTS.

   Inserted: (a) Deposit Insurance.--Section 11(a)(1)(B)(ii) of the Federal Deposit Insurance Act (12 U.S.C. 1821(a)(1)(B)(ii)) is amended--

   Inserted: (1) by striking "shall fully insure the net amount that any" and inserting "shall insure not more than $1,000,000 of the amount that any single"; and

   Inserted: (2) by striking the second sentence.

   Inserted: (b) Credit Union Insurance.--Section 207(k)(1)(A)(ii) of the Federal Credit Union Act (12 U.S.C. 1787(k)(1)(A)(ii)) is amended--

   Inserted: (1) by striking "shall fully insure the net amount that any" and inserting "shall insure not more than $1,000,000 of the amount that any single"; and

   Inserted: (2) by striking the second sentence.

   Original wording

   At the end, add the following:

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

As printed