,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #cgja  ,,in ,,the ,,house ,,of  
,,representatives  ,december #aa1       
#bjac,mr4 ,king of ,new ,york 7for      
himself1 ,mr4 ,huizenga of ,michigan1   
,mr4 ,grimm1 and ,mr4 ,gary ,g4 ,miller 
of ,california7 introduced the following
 bill2 which was referred to the        
,committee on ,financial ,services  ,a  
,,bill  ,to make improvements to        
provisions of the ,bank ,holding        
,company ,act of #aief relating to      
proprietary trading by banking entities4
  #a4 ,short title ,this ,act may be    
cited as the ,u4,s4 ,financial ,services
 ,global ,viability ,act4  #b4          
,amendments to the ,bank ,holding       
,company ,act of #aief ,section #ac of  
the ,bank ,holding ,company ,act of     
#aief 7#ab ,u4,s4,c4 #ahea7 is amended--
 7#a7 by redesignating subsection 7h7 as
 subsection 7i7 and by inserting after  
subsection 7g7 the following new        
subsection3  7h7 ,identification and    
certification  7#a7 ,in general         

,subsections 7a7 and 7c7 and any rule or
 regulation prescribed pursuant to      
subsection 7b77#b71 or any other        
regulatory action to enforce or         
implement any provision of this section1
 shall not be effective until the       
,secretary of the ,treasury-- 7,a7      
identifies the foreign countries        
7including the ,united ,kingdom1        
,france1 ,germany1 ,switzerland1 ,japan1
 ,brazil1 ,china1 ,canada1 and ,mexico7 
that have foreign banks chartered and   
headquartered in such countries that    
compete significantly with banking      
entities subject to the provisions of   
this section2 and  7,b7 certifies that  
such countries have applied to such     
foreign banks1 including the            
subsidiaries and affiliates of such     
banks1 requirements equivalent to those 
set forth under this section4  7#b7     
,hearing2 judicial review ,the          
certification under paragraph 7#a77;,b7 
shall be determined after interested    
parties are given the opportunity for a 

hearing on the record in accordance with
 the procedures set forth under section 
#eed of title #e1 ,united ,states ,code1
 and such parties are entitled to       
judicial review in accordance with      
chapter #g of such title in the ,united 
,states ,court of ,appeals for the      
,district of ,columbia ,circuit4  7#c7  
,postponement of effective date ,the    
effective date of the provisions1 rules1
 and regulations described under        
paragraph 7#a7 shall be postponed       
pending judicial review4  2 and  7#b7 in
 subsection 7i71 as redesignated in     
paragraph 7#a7-- 7,a7 by redesignating  
paragraphs 7#b7 through 7#g7 as         
paragraphs 7#c7 through 7#h71           
respectively2 and  7,b7 inserting after 
paragraph 7#a7 the following new        
paragraph3  7#b7 ,foreign bank2 foreign 
country ,the terms foreign bank and     
foreign country shall have the same     
meanings as are given such terms in     
section #a of the ,international        
,banking ,act of #aigh 7#ab ,u4,s4,c4   

#caja74  4