An Act to increase deposit insurance from $20,000 to $40,000, to provide full insurance for public unit deposits of $100,000 per account, to establish a National Commission on Electronic Fund Transfers, and for other purposes.

[AI summary unavailable — showing source text] Provides that the accounts of Federal and State officials having custody of public funds shall be insured for the full amount of such accounts in the case of depositors under the Federal Deposit Insurance Act, insured members under the National Housing Act, and depositors and members under the Federal Credit Union Act. Increases from $20,000 to $50,000 the amount of deposit insurance for the Federal Deposit Insurance Corporation, Federal Savings and Loan Insurance Corporation, and insured credit unions allowed under the Federal Deposit Insurance Act, the National Housing Act, and the Federal Credit Union Act, respectively.…