Rep. Luis Gutierrez, the chairman of the House Financial Services financial institutions subcommittee, introduced sweeping legislation Tuesday that would fundamentally reshape how the Federal Deposit Insurance Corp. could charge assessments.

The bill would generally model premium calculations on a special assessment levied by the FDIC that was based on an institution's assets, not domestic deposits.

The bill would depart from the FDIC's traditional method of basing premiums on deposits by requiring assessments to reflect risk. It would also levy a systemic risk premium at least once a year on firms deemed to be a systemic risk by the FDIC, the Federal Reserve Board and the Treasury Department.

In addition, the bill would permanently retain the increased deposit insurance limit of $250,000 per account.

Gutierrez said that the bill is aimed at ending the "too big to fail" issue, and that he hopes to roll it into the Financial Services Committee's regulatory restructuring plan.

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