A bill to authorize the Federal Deposit Insurance Corporation to increase deposit insurance premiums as necessary to protect the Bank Insurance Fund.

Amends the Federal Deposit Insurance Act to provide that the annual assessment rate for Bank Insurance Fund members shall be the rate the Federal Deposit Insurance Corporation (FDIC) Board of Directors in its sole discretion determines to be appropriate to either: (1) maintain the reserve ratio at a level equal to the designated reserve ratio; or (2) restore the reserve ratio to the designated reserve ratio if it is less than that. Sets forth a minimum annual assessment for each member.

Directs the FDIC to set assessment rates from time to time for insured depository institutions. (Currently such rates must be set annually.) Sets forth semiannual deadlines by which the FDIC must announce any change in the annual assessment rates.