Page:United States Statutes at Large Volume 122.djvu/3822

 12 2 STA T .379 9 PUBLIC LA W 11 0– 3 4 3 —O CT. 3 , 200 8SEC.135 . PR ESER VATION O F A U T H ORIT Y . With th e e xc e p ti on o fs ection 13 1, nothin g in this A ct mayb e const ru e d to l imit the authority of the S ecretary or the B oard under any other pro v ision of la w. SEC. 13 6 .TE M PORARY INCREASE IN D EPOSIT AND SHARE INSURANCE COVERA G E. ( a )FED E RALD E POSITIN S U RAN C E ACT E M PORAR Y INCREASE IN DEPOSIT INSURANCE. — (1) INCREASED AMOUNT.— E ffective only during the period beginning on the date of enactment of this Act and ending on December 31, 20 0 9, section 11(a)(1)(E) of the Federal Deposit Insurance Act (12 U .S. C . 1 8 21(a)(1)(E)) shall apply with ‘ ‘ $ 2 5 0,000 ’ ’ substituted for ‘‘$100,000’’. (2) TEMPORARY INCREASE NOT TO B E CONSIDERED F OR SET - TIN G ASSESSMENTS.—The temporary increase in the standard maximum deposit insurance amount made under paragraph (1) shall not be ta k en into account by the Board of Directors of the Corporation for purposes of setting assessments under section 7 (b)(2) of the Federal Deposit Insurance Act (12 U.S.C. 1817(b)(2)). (3) BORRO W ING LIMITS TEMPORARILY LIFTED.—During the period beginning on the date of enactment of this Act and ending on December 31, 2009, the Board of Directors of the Corporation may re q uest from the Secretary, and the Secretary shall approve, a loan or loans in an amount or amounts nec- essary to carry out this subsection, without regard to the limita- tions on such borrowing under section 1 4 (a) and 15(c) of the Federal Deposit Insurance Act (12 U.S.C. 1824(a), 1825(c)). (b) FEDERAL CREDIT UNION ACT; TEMPORARY INCREASE IN S H ARE INSURANCE.— (1) INCREASED AMOUNT.—Effective only during the period beginning on the date of enactment of this Act and ending on December 31, 2009, section 207(k)(5) of the Federal Credit Union Act (12 U.S.C. 1787(k)(5)) shall apply with ‘‘$250,000’’ substituted for ‘‘$100,000’’. (2) TEMPORARY INCREASE NOT TO BE CONSIDERED FOR SET- TING INSURANCE PREMIUM CHARGES AND INSURANCE DEPOSIT AD J USTMENTS.—The temporary increase in the standard max- imum share insurance amount made under paragraph (1) shall not be taken into account by the N ational Credit Union Administration Board for purposes of setting insurance pre- mium charges and share insurance deposit ad j ustments under section 202(c)(2) of the Federal Credit Union Act (12 U.S.C. 1782(c)(2)). (3) BORROWING LIMITS TEMPORARILY LIFTED.—During the period beginning on the date of enactment of this Act and ending on December 31, 2009, the National Credit Union Administration Board may request from the Secretary, and the Secretary shall approve, a loan or loans in an amount or amounts necessary to carry out this subsection, without regard to the limitations on such borrowing under section 203(d)(1) of the Federal Credit Union Act (12 U.S.C. 1783(d)(1)). (c) NOT FOR USE IN INFLATION ADJUSTMENTS.—The temporary increase in the standard maximum deposit insurance amount made under this section shall not be used to make any inflation adjust- ment under section 11(a)(1)(F) of the Federal Deposit Insurance Ef f ectiv e da te s.T e rm i n ati o n dates. 12USC5 2 4 1. 12 USC 524 0.
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