S.Amdt. 3329

1. Adds SEC. __. ADDITIONAL FEES TO ADDRESS DEPLETION OF INSURANCE FUNDS 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. __. ADDITIONAL FEES TO ADDRESS DEPLETION OF INSURANCE FUNDS.

   Inserted: If the amendments made by this Act would result in the inability of the Deposit Insurance Fund of the Federal Deposit Insurance Corporation (in this section referred to as the "Corporation") or the Share Insurance Fund of the National Credit Union Administration (in this section referred to as the "Administration") to fully cover insured losses, the Corporation and the Administration shall impose additional fees on insured depository institutions and insured credit unions, respectively, in the same proportion as fees are imposed under section 7 of the Federal Deposit Insurance Act (12 U.S.C. 1817) and section 105 of the Federal Credit Union Act (12 U.S.C. 1755), respectively.

   Original wording

   At the end, add the following:

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

As printed