#aad? ,,congress  #b;d ,session  ,h4 ,r4
 #djif  ,,an ,,act  ,to am5d ! ,volck]  
,rule to p]mit c]ta9 inve/m5t advis]s to
 %>e a simil> "n ) a private equity     
fund1 subject to c]ta9 re/rictions1 & = 
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,inve/or ,cl>ity &     
,bank ,p>ity ,act4  #b4 ,nam+           
re/rictions ,section #ac ( ! ,bank      
,hold+ ,company ,act ( #aief 7#ab       
,u4,s4,c4 #ahea7 is am5d$--  7#a7 9     
subsection 7d77#a77;,g77vi71 by ins]t+  
be=e ! semicolon ! foll[+3 1 except t ! 
h$ge fund or private equity fund may %>e
 ! same "n or a v>iation ( ! same "n z a
 bank+ entity t is an inve/m5t advis] to
 ! h$ge fund or private equity f9d1 if--
  7,i7 su* inve/m5t advis] is n an      
insur$ depository in/itution1 a company 
t controls an insur$ depository         
in/itution1 or a company t is treat$ z a
 bank hold+ company = purposes ( section
 #h ( ! ,int]national ,bank+ ,act (     
#aigh2  7,,ii7 su* inve/m5t advis] does 
n %>e ! same "n or a v>iation ( ! same  

"n z an insur$ depository in/itution1   
any company t controls an insur$        
depository in/itution1 or any company t 
is treat$ z a bank hold+ company =      
purposes ( section #h ( ! ,int]national 
,bank+ ,act ( #aigh2 &  7,,iii7 su* "n  
does n conta9 ! ^w bank  2 &  7#b7 9    
subsection 7h77#e77;,c71 by ins]t+ be=e 
! p]iod ! foll[+3 1 except z p]mitt$ "u 
subsection 7d77#a77;,g77vi74  ,pass$ !  
,h\se ( ,repres5tatives ,april #bf1     
#bjaf4;,cl]k4