,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #deeg  ,,in ,,the ,,house ,,of  
,,representatives  ,may #a1 #bjad ,mr4  
,posey introduced the following bill2   
which was referred to the ,committee on 
,financial ,services  ,a ,,bill  ,to    
amend the ,federal ,deposit ,insurance  
,act to provide for notice to1 and input
 by1 ,state insurance commissioners when
 requiring an insurance company to serve
 as a source of financial strength      
pursuant to such ,act4  #a4 ,short title
 ,this ,act may be cited as the         
,policyholder ,protection ,act of #bjad4
  #b4 ,source of strength ,section      
#ch;,a of the ,federal ,deposit         
,insurance ,act 7#ab ,u4,s4,c4          
#ahcao-#a7 is amended--  7#a7 by        
redesignating subsections 7c71 7d71 and 
7e7 as subsections 7d71 7e71 and 7f71   
respectively2 and  7#b7 by inserting    
after subsection 7b7 the following3  7c7
 ,authority of ,state ,insurance        
,regulator  7#a7 ,in general ,the       
provisions of section #e7;g7 of the     

,bank ,holding ,company ,act of #aief   
7#ab ,u4,s4,c4 #ahdd7;g77 shall apply to
 a savings and loan holding company that
 is an insurance company1 an affiliate  
of an insured depository institution    
that is an insurance company1 and to any
 other company that is an insurance     
company and that directly or indirectly 
controls an insured depository          
institution1 to the same extent as such 
section #e7;g7 applies to a bank holding
 company that is an insurance company4  
7#b7 ,rule of construction ,requiring a 
bank holding company that is an         
insurance company1 a savings and loan   
holding company that is an insurance    
company1 an affiliate of an insured     
depository institution that is an       
insurance company1 or any other company 
that is an insurance company and that   
directly or indirectly controls an      
insured depository institution to serve 
as a source of financial strength under 
this section shall be deemed an action  
of the ,board that requires a bank      

holding company to provide funds or     
other assets to a subsidiary depository 
institution for purposes of such section
 #e7;g74  4