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The Federal Deposit Insurance Reform Act was a federal banking regulation law passed in 2005. It contained a number of changes to the Federal Deposit Insurance Corporation (FDIC).
It merged the two deposit insurance funds that the FDIC had been administering separately since FIRREA
It provided credits to banks that had paid into the deposit insurance funds in the early 1990s in the aftermath of the savings and loan crisis.
It requires that the FDIC issue rebates to the banking industry should the level of the deposit insurance fund rise above 1.50% of total insured deposits.
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