,,ib ,union ,calendar ,no4 #ddd #aadth ,,congress #b;d ,session ,h4 ,r4 #dhid ,report ,no4 #aad-egd1 ,part ,i ,,in ,,the ,,house ,,of ,,representatives ,april #aa1 #bjaf ,mr4 ,westmoreland introduced the following bill2 which was referred to the ,committee on ,financial ,services1 and in addition to the ,committees on ,agriculture1 the ,judiciary1 and ,ways and ,means1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,may #ai1 #bjaf ,additional sponsor3 ,mr4 ,allen ,may #ai1 #bjaf ,reported from the ,committee on ,financial ,services ,may #ai1 #bjaf ,the ,committees on ,agriculture1 the ,judiciary1 and ,ways and ,means discharged2 committed to the ,committee of the ,whole ,house on the ,state of the ,union and ordered to be printed ,a ,,bill ,to repeal title ,,ii of the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act4 #a4 ,repeal of liquidation authority 7a7 ,in general ,title ,,ii of the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act is hereby repealed and any ,federal law amended by such title shall1 on and after the effective date of this ,act1 be effective as if title ,,ii of the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act had not been enacted4 7b7 ,conforming amendments 7#a7 ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act ,the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act is amended-- 7,a7 in the table of contents for such ,act1 by striking all items relating to title ,,ii2 7,b7 in section #aea1 by amending paragraph 7#b7 to read as follows3 7#b7 the term financial company means-- 7,a7 any company that is incorporated or organized under any provision of ,federal law or the laws of any ,state2 7,b7 any company that is-- 7i7 a bank holding company1 as defined in section #b7;a7 of the ,bank ,holding ,company ,act of #aief 7#ab ,u4,s4,c4 #ahda7;a772 7ii7 a nonbank financial company supervised by the ,board of ,governors2 7iii7 any company that is predominantly engaged in activities that the ,board of ,governors has determined are financial in nature or incidental thereto for purposes of section #d7k7 of the ,bank ,holding ,company ,act of #aief 7#ab ,u4,s4,c4 #ahdc7k77 other than a company described in clause 7i7 or 7ii72 or 7iv7 any subsidiary of any company described in any of clauses 7i7 through 7iii7 that is predominantly engaged in activities that the ,board of ,governors has determined are financial in nature or incidental thereto for purposes of section #d7k7 of the ,bank ,holding ,company ,act of #aief 7#ab ,u4,s4,c4 #ahdc7k77 7other than a subsidiary that is an insured depository institution or an insurance company72 7,c7 any company that is not a ,farm ,credit ,system institution chartered under and subject to the provisions of the ,farm ,credit ,act of #aiga1 as amended 7#ab ,u4,s4,c4 #bjja et seq471 a governmental entity1 or a regulated entity1 as defined under section #acjc7bj7 of the ,federal ,housing ,enterprises ,financial ,safety and ,soundness ,act of #aiib 7#ab ,u4,s4,c4 #dejb7bj772 and 7,d7 includes an insured depository institution and an insurance company2 2 7,c7 in section #afe7;d77#f71 by striking 1 a receiver appointed under title ,,ii12 7,d7 in section #gaf7;g71 by striking or a covered financial company under title ,,ii2 7,e7 in section #aaje7;e77#e71 by striking amount of any securities issued under that chapter #ca for such purpose shall be treated in the same manner as securities issued under section #bjh7n77#e77;,e7 and inserting issuances of such securities under that chapter #ca for such purpose shall by treated as public debt transactions of the ,united ,states1 and the proceeds from the sale of any obligations acquired by the ,secretary under this paragraph shall be deposited into the ,treasury of the ,united ,states as miscellaneous receipts2 and 7,f7 in section #aajf7;c77#b71 by amending subparagraph 7,a7 to read as follows3 7,a7 require the company to file a petition for bankruptcy under section #cja of title #aa1 ,united ,states ,code2 or 4 7#b7 ,federal ,deposit ,insurance ,act ,section #aj7;b77#c7 of the ,federal ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahbj7;b77#c77 is amended by striking 1 or of such nonbank financial company supervised by the ,board of ,governors or bank holding company described in section #afe7;a7 of the ,financial ,stability ,act of #bjaj1 for the purpose of implementing its authority to provide for orderly liquidation of any such company under title ,,ii of that ,act4 7#c7 ,federal ,reserve ,act ,section #ac7c7 of the ,federal ,reserve ,act is amended-- 7,a7 in subparagraph 7,b7-- 7i7 in clause 7ii71 by striking 1 resolution under title ,,ii of the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act1 or and inserting or is subject to resolution under2 and 7ii7 in clause 7iii71 by striking 1 resolution under title ,,ii of the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act1 or and inserting or resolution under2 and 7,b7 by striking subparagraph 7,e74 ,may #ai1 #bjaf ,reported from the ,committee on ,financial ,services ,may #ai1 #bjaf ,the ,committees on ,agriculture1 the ,judiciary1 and ,ways and ,means discharged2 committed to the ,committee of the ,whole ,house on the ,state of the ,union and ordered to be printed