Page:United States Statutes at Large Volume 119.djvu/3619

 PUBLIC LAW 109–173—FEB. 15, 2006

119 STAT. 3601

Public Law 109–173 109th Congress An Act To enact the technical and conforming amendments necessary to implement the Federal Deposit Insurance Reform Act of 2005, and for other purposes.

Feb. 15, 2006 [H.R. 4636]

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE.

This Act may be cited as the ‘‘Federal Deposit Insurance Reform Conforming Amendments Act of 2005’’. SEC. 2. TECHNICAL AND CONFORMING AMENDMENTS.

Federal Deposit Insurance Reform Conforming Amendments Act of 2005. 12 USC 1811 note.

(a) TECHNICAL AND CONFORMING AMENDMENTS RELATING TO GOVERNMENT DEPOSITS.—Section 11(a)(2) of the Federal Deposit Insurance Act (12 U.S.C. 1821(a)(2)) is amended— (1) in subparagraph (A)— (A) by moving the margins of clauses (i) through (v) 4 ems to the right; (B) by striking, in the matter following clause (v), ‘‘such depositor shall’’ and all that follows through the period; and (C) by striking the semicolon at the end of clause (v) and inserting a period; (2) by striking ‘‘(2)(A) Notwithstanding’’ and all that follows through ‘‘a depositor who is—’’ and inserting the following: ‘‘(2) GOVERNMENT DEPOSITORS.— ‘‘(A) IN GENERAL.—Notwithstanding any limitation in this Act or in any other provision of law relating to the amount of deposit insurance available to any 1 depositor— ‘‘(i) a government depositor shall, for the purpose of determining the amount of insured deposits under this subsection, be deemed to be a depositor separate and distinct from any other officer, employee, or agent of the United States or any public unit referred to in subparagraph (B); and ‘‘(ii) except as provided in subparagraph (C), the deposits of a government depositor shall be insured in an amount equal to the standard maximum deposit insurance amount (as determined under paragraph (1)). ‘‘(B) GOVERNMENT DEPOSITOR.—In this paragraph, the term ‘government depositor’ means a depositor that is—’’; (3) by striking ‘‘(B) The’’ and inserting the following: ‘‘(C) AUTHORITY TO LIMIT DEPOSITS.—The’’; and

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