,,ib  ,union ,cal5d> ,no4 #bfj  #aad?   
,,congress  #a/ ,session  ,h4 ,r4 #adgh 
,report ,no4 #aad-cch  ,,9 ,,! ,,h\se   
,,( ,,repres5tatives  ,m>* #ai1 #bjae   
,mr4 ,posey 7= himself & ,mr4 ,%]man7   
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices     
,novemb] #af1 #bjae ,additional         
sponsors3 ,ms4 ,bordallo1 ,mr4 ,duncan (
 ,t5nessee1 ,mr4 ,ross1 ,mr4 ,/iv]s1    
,mr4 ,byrne1 ,mr4 ,f9*]1 ,mr4 ,heck (   
,nevada1 ,mr4 ,jones1 ,mr4 ,wilson (    
,s\? ,c>ol9a1 ,mr4 ,huiz5ga ( ,mi*igan1 
,mrs4 ,wagn]1 ,mr4 ,mulvaney1 ,mr4      
,pe>ce1 ,mr4 ,gro?man1 ,mr4 ,blum1 ,mr4 
,tipton1 ,mr4 ,duffy1 ,mr4 ,gu?rie1     
,mrs4 ,noem1 ,mr4 ,hultgr51 ,mr4        
,amodei1 ,mr4 ,gos>1 ,mr4 ,web/] (      
,florida1 ,mr4 ,joyce1 ,mrs4 ,roby1 ,mr4
 ,poliqu91 ,mr4 ,cram]1 ,mr4 ,b>r1 ,mr4 
,h>ris1 ,mr4 ,pitt5g]1 ,mr4 ,emm] (     
,m9nesota1 ,mr4 ,heck ( ,wa%+ton1 ,mr4  
,lucas1 & ,mr4 ,delaney  ,novemb] #af1  
#bjae ,report$ ) an am5dm5t1 committ$ to
 ! ,committee ( ! ,:ole ,h\se on ! ,/ate

 ( ! ,union1 & ord]$ to be pr9t$ ,/rike 
out all aft] ! enact+ clause & ins]t !  
"p pr9t$ 9 italic ,= text ( introduc$   
bill1 see copy ( bill z introduc$ on    
,m>* #ai1 #bjae  ,a ,,bill  ,to provide 
= notice to1 & input by1 ,/ate insurance
 commission]s :5 requir+ an insurance   
company to s]ve z a s\rce ( f9ancial    
/r5g? or :5 ! ,f$]al ,deposit ,insurance
 ,corporation places a li5 aga9/ an     
insurance company's assets1 & = o!r     
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,policyhold] ,protection   
,act ( #bjae4  #b4 ,ensur+ ! protection 
( insurance policyhold]s  7a7 ,s\rce (  
/r5g? ,section #ch;,a ( ! ,f$]al        
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahcao-#a7 is am5d$--  7#a7 by          
r$esignat+ subsections 7c71 7d71 & 7e7 z
 subsections 7d71 7e71 & 7f71           
respectively2 &  7#b7 by ins]t+ aft]    
subsection 7b7 ! foll[+3  7c7 ,au?ority 
( ,/ate insurance regulator  7#a7 ,9    
g5]al ,! provisions ( section #e7;g7 ( !
 ,bank ,hold+ ,company ,act ( #aief 7#ab

 ,u4,s4,c4 #ahdd7;g77 %all apply to a   
sav+s & loan hold+ company t is an      
insurance company1 an affiliate ( an    
insur$ depository in/itution t is an    
insurance company1 & to any o!r company 
t is an insurance company & t directly  
or indirectly controls an insur$        
depository in/itution1 to ! same ext5t z
 ! provisions ( t section apply to a    
bank hold+ company t is an insurance    
company4  7#b7 ,rule ( con/ruction      
,requir+ a bank hold+ company t is an   
insurance company1 a sav+s & loan hold+ 
company t is an insurance company1 an   
affiliate ( an insur$ depository        
in/itution t is an insurance company1 or
 any o!r company t is an insurance      
company & t directly or indirectly      
controls an insur$ depository in/itution
 to s]ve z a s\rce ( f9ancial /r5g? "u  
?is section %all be deem$ an action ( ! 
,bo>d t requires a bank hold+ company to
 provide funds or o!r assets to a       
subsidi>y depository in/itution =       
purposes ( section #e7;g7 ( ! ,bank     

,hold+ ,company ,act ( #aief 7#ab       
,u4,s4,c4 #ahdd7;g774  4  7b7           
,liquidation au?ority ,! ,dodd-,frank   
,wall ,/reet ,re=m & ,consum]           
,protection ,act 7#ab ,u4,s4,c4 #ecja et
 seq47 is am5d$-- 7#a7 9 section        
#bjc7;e77#c7 7#ab ,u4,s4,c4             
#echc7;e77#c771 by ins]t+ or            
rehabilitation aft] ord]ly liquidation  
ea* place t t]m appe>s2 &  7#b7 9       
section #bjd7;d77#d7 7#ab ,u4,s4,c4     
#echd7;d77#d771 by ins]t+ be=e !        
semicolon at ! end ! foll[+3 81 except  
t1 if ! cov]$ f9ancial company or cov]$ 
subsidi>y is an insurance company or a  
subsidi>y ( an insurance company1 !     
,corporation--  7,a7 %all promptly      
notify ! ,/ate insurance au?ority = !   
insurance company ( ! int5tion to take  
su* li52 &  7,b7 may only take su* li5--
 7i7 to secure repaym5t ( funds made    
available to su* cov]$ f9ancial company 
or cov]$ subsidi>y2 &  7ii7 if !        
,corporation det]m9es1 aft] consultation
 ) ! ,/ate insurance au?ority1 t su* li5

 w n unduly imp$e or delay ! liquidation
 or rehabilitation ( ! insurance        
company1 or ! recov]y by its            
policyhold]s  4  ,novemb] #af1 #bjae    
,report$ ) an am5dm5t1 committ$ to !    
,committee ( ! ,:ole ,h\se on ! ,/ate ( 
! ,union1 & ord]$ to be pr9t$