To amend the Federal Deposit Insurance Act to make changes to the Standard Maximum Deposit Insurance Amount, and for other purposes.

(a) In general. The Federal Deposit Insurance Corporation and the National Credit Union Administration shall jointly, not later than 1 year after the date of the enactment of this section, submit a report to the Congress after conducting research and analysis that determines the appropriate amount for the standard maximum deposit insurance amount under section 11(A)(1)(E) of the Federal Deposit Insurance Act.

(b) Considerations. When determining the appropriate amount for the standard maximum deposit insurance amount under section 11(A)(1)(E) of the Federal Deposit Insurance Act the Federal Deposit Insurance Corporation and the National Credit Union Administration shall consider the amounts of assets held by institutions, the distribution of deposit balances across institutions, the ratio between insured and uninsured deposits, and effects on the Deposit Insurance Fund.

(c) Inclusion. The report submitted by the Federal Deposit Insurance Corporation and the National Credit Union Administration under subsection (a) shall include information about—

(1) any tools and resources the Federal Deposit Insurance Corporation and the National Credit Union Administration would need to effectively implement the standard maximum deposit insurance amount determined appropriate by the Federal Deposit Insurance Corporation and the National Credit Union Administration;

(2) the benefits that would be associated with implementing the standard maximum deposit insurance amount determined appropriate by the Federal Deposit Insurance Corporation and the National Credit Union Administration; and

(3) any operational or administrative protocols the Federal Deposit Insurance Corporation and the National Credit Union Administration would need to establish to implement and administer the standard maximum deposit insurance amount determined appropriate by the Federal Deposit Insurance Corporation and the National Credit Union Administration, including protocols for the annual adjustment described under section 11(a)(1)(F) of the Federal Deposit Insurance Act.