Public Law 86–112

That paragraph (b) of section 401 of the National Housing Act, as amended (12 U.S.C. 1724(b)), is hereby amended by adding thereto at the end thereof the following new sentence: “Notwithstanding any other provision of law, two persons who are husband and wife shall have, with respect to accounts in an insured institution which are community property of such husband and wife and to the extent that such accounts are community property, not to exceed $10,000 of insurance with respect to such an account or accounts in the sole name of the husband, not to exceed $10,000 of insurance with respect to such an account or accounts in the sole name of the wife, and not to exceed $10,000 of insurance with respect to such an account or accounts in the sole name of both: Provided, That in no event shall this sentence increase to an amount which is greater than the total of the amounts hereinbefore set forth in this sentence the aggregate of the insurance which such husband and wife may have under this title with respect to (1) any account or accounts in such institution in the sole name of either of them or in the sole names of both, and (2) any other account or accounts in such institution to the extent that such other account or accounts would, in the absence of this sentence, be required to be included in determining the amount of the individual insurance of such husband or of such wife under subsection (a) of section 405.”