PERMANENT INCREASE IN DEPOSIT AND SHARE INSURANCE.

SEC. 335. PERMANENT INCREASE IN DEPOSIT AND SHARE INSURANCE.(a) Permanent Increase in Deposit Insurance.—Section 11(a)(1)(E) of the Federal Deposit Insurance Act (12 U.S.C. 1821(a)(1)(E)) is amended—(1) by striking “$100,000” and inserting “$250,000”; and(2) by adding at the end the following new sentences: “Notwithstanding any other provision of law, the increase in the standard maximum deposit insurance amount to $250,000 shall apply to depositors in any institution for which the Corporation was appointed as receiver or conservator on or after January 1, 2008, and before October 3, 2008. The Corporation shall take such actions as are necessary to carry out the requirements of this section with respect to such depositors, without regard to any time limitations under this Act. In implementing this and the preceding 2 sentences, any payment on a deposit claim made by the Corporation as receiver or conservator to a depositor above the standard maximum deposit insurance amount in effect at the time of the appointment of the Corporation as receiver or conservator shall be deemed to be part of the net amount due to the depositor under subparagraph (B).”(b) Permanent Increase in Share Insurance.—Section 207(k)(5) of the Federal Credit Union Act (12 U.S.C. 1787(k)(5)) is amended by striking “$100,000” and inserting “$250,000”.