,,ii  #aad? ,,congress  #a/ ,session    
,s4 #gih  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,m>* #ai1 #bjae,mr4    
,vitt] 7= himself & ,mr4 ,te/]7         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,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 ,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
 su* section #e7;g7 applies 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 ( su* section #e7;g74  4  #c4  

,liquidation au?ority ,! ,dodd-,frank   
,wall ,/reet ,re=m & ,consum]           
,protection ,act 7#ab ,u4,s4,c4 #ecja et
 seq47 is am5d$-- 7#a7 9 section        
#bjc7;e77#c71 by ins]t+ or              
rehabilitation aft] ord]ly liquidation  
ea* place su* t]m appe>s2 &  7#b7 9     
section #bjd7;d77#d71 by ins]t+ be=e !  
semicolon ! foll[+3 1 except t1 if !    
cov]$ 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 n take su* li5 if !
 ,/ate insurance au?ority notifi$ "u    
subp>agraph 7,a7 in=ms ! ,corporation1 9
 writ+1 )9 #ae days ( su* notice1 t !   
tak+ ( ! li5 on ! assets ( su* company  
w\ld h a mat]ially adv]se effect on !   
policyhold]s ( su* company  4