,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #afgc  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #bf1 #bjae ,mrs4 
,blackburn introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,f9ancial   
,s]vices  ,a ,,bill  ,to am5d ! ,f$]al  
,h\s+ ,ent]prises ,f9ancial ,safety &   
,s\ndness ,act ( #aiib to e/abli% a     
second>y res]ve fund = a h\s+ ent]prise 
"u cons]vator%ip to protect taxpay]s    
aga9/ loss 9 ! ev5t ( a h\s+ d[nturn1 & 
= o!r purposes4  #a4 ,%ort title ,?is   
,act may be cit$ z ! ,ent]prise         
,second>y ,res]ve ,taxpay] ,protection &
 ,gov]nm5t ,acc\ntability ,act ( #bjae4 
#b4 ,second>y res]ve ,section #acfb ( ! 
,f$]al ,h\s+ ,ent]prises ,f9ancial      
,safety & ,s\ndness ,act ( #aiib 7#ab   
,u4,s4,c4 #dfab7 is am5d$--  7#a7 by    
/rik+ ! section designation & head+ &   
ins]t+ ! foll[+3  #acfb4 ,m9imum capital
 levels & second>y res]ve  2  7#b7 by   
r$esignat+ subsections 7e7 & 7f7 z      
subsections 7f7 & 7g71 respectively2 &  
7#c7 by ins]t+ aft] subsection 7d7 !    

foll[+ new subsection3  7e7 ,second>y   
res]ve  7#a7 ,e/abli%m5t ,not)/&+ any   
o!r provision ( law1 rule1 regulation1  
ord]1 or agreem5t1 ! ,director %all1 by 
regulation1 e/abli% = any ent]prise     
op]at+ 9 cons]vator%ip pursuant to      
section #acfg a second>y res]ve fund &  
%all deposit 9 su* fund f any rev5ues ( 
! ent]prise an am\nt equal to ! am\nts  
enum]at$ "u subsection 7a7 = !          
ent]prise4  7#b7 ,ma9t5ance ,am\nts 9 ! 
second>y res]ve fund %all be held 9     
escr[ by ! ent]prise until-- 7,a7 !     
,director uses su* am\nts pursuant to   
p>agraph 7#c72 or  7,b7 ! ,director     
aboli%es ! second>y res]ve fund pursuant
 to p>agraph 7#d74  7#c7 ,availability (
 am\nts ,if ! ,director det]m9es1 9     
accordance ) regulations issu$ "u       
p>agraph 7#e71 t losses ( an ent]prise  
op]at+ 9 cons]vator%ip pursuant to      
section #acfg w exce$ am\nts available =
 ! ent]prise "u subsection 7a71 7c71    
7d71 or 7f71 ! ,director %all make a    
det]m9ation1 9 accordance ) su*         

regulation1 :e!r to use funds held 9 !  
second>y res]ve = ! ent]prise4  7#d7    
,aboli%m5t ,^u ! dissolution ( !        
cons]vator%ip ( an ent]prise1 !         
,director %all aboli% any second>y      
res]ve e/abli%$ "u p>agraph 7#a7 = !    
ent]prise & am\nts rema9+ 9 su* res]ve  
^u su* aboli%m5t %all rev]t to meet     
capital requirem5ts "u subsections 7a71 
7c71 7d71 & 7f7 & !n to e>n+s ( !       
ent]prise4  7#e7 ,regulations ,!        
,director %all issue regulations        
e/abli%+-- 7,a7 /&>ds & proc$ures = !   
e/abli%m5t ( a second>y res]ve "u       
p>agraph 7#a72  7,b7 /&>ds & proc$ures t
 ! ,director w use to make !            
det]m9ations "u p>agraph 7#c72 &  7,c7  
proc$ures = aboli%m5t ( a second>y      
res]ve "u p>agraph 7#d74  7#f7 ,treatm5t
 ( second>y res]ve ,any second>y res]ve 
e/abli%$ "u ?is ,act = an ent]prise %all
 n be consid]$ capital1 a capital       
res]ve1 or o!rwise an asset ( !         
ent]prise1 o!r ?an z "p ( a capital     
re/oration plan = ! ent]prise approv$ "u

 section #acfi;,c1 dur+ ! p5d5cy ( a    
cons]vator%ip = ! ent]prise4  4  #c4    
,effective date ,! am5dm5ts made by     
section #b ( ?is ,act %all take effect  
^u ! expiration ( ! #ij-;day p]iod      
beg9n+ on ! date ( ! enactm5t ( ?is ,act
 & ! ,director ( ! ,f$]al ,h\s+ ,f9ance 
,ag5cy %all issue ! regulations requir$ 
"u section #acfb7;e77#e7 ( ! ,f$]al     
,h\s+ ,ent]prises ,f9ancial ,safety &   
,s\ndness ,act ( #aiib1 add$ by !       
am5dm5t made by su* section #b1 be=e !  
expiration ( su* p]iod4