,,ib  ,union ,calendar ,no4 #hdh  #aaeth
 ,,congress  #b;d ,session  ,h4 ,r4     
#faeh  ,report ,no4 #aae-ajif  ,,in     
,,the ,,house ,,of ,,representatives    
,june #bj1 #bjah ,mr4 ,tipton 7for      
himself1 ,mr4 ,clay1 and ,mr4 ,meeks7   
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,december #ba1    
#bjah;,additional sponsors3 ,mr4 ,barr1 
,mr4 ,williams1 ,mr4 ,loudermilk1 and   
,mr4 ,zeldin  ,december #ba1 #bjah      
,committed to the ,committee of the     
,whole ,house on the ,state of the      
,union and ordered to be printed  ,a    
,,bill  ,to amend the ,federal ,deposit 
,insurance ,act to exclude affiliates   
and subsidiaries of insured depository  
institutions in the definition of       
deposit broker1 and for other purposes4 
#a4 ,short title ,this ,act may be cited
 as the ,brokered ,deposit              
,affiliate-,subsidiary ,modernization   
,act of #bjah4  #b4 ,exclusion of       
affiliates and subsidiaries of insured  

depository institutions in the          
definition of deposit broker ,section   
#bi7;g7 of the ,federal ,deposit        
,insurance ,act 7#ab ,u4,s4,c4          
#ahca;f7g77 is amended--  7#a7 in       
paragraph 7#b7-- 7,a7 in subparagraph   
7,a71 by inserting or any affiliate or  
subsidiary of such insured depository   
institution after insured depository    
institution2 and  7,b7 in subparagraph  
7,b71 by inserting or any affiliate or  
subsidiary of such insured depository   
institution after insured depository    
institution2 and  7#b7 by striking      
paragraph 7#d7 and inserting the        
following3  7#d7 ,employee ,for purposes
 of this subsection1 the term employee--
 7,a7 means an individual who receives  
compensation in any form from an insured
 depository institution or an affiliate 
or subsidiary of such insured depository
 institution2 and  7,b7 includes a      
registered representative of a broker or
 dealer that is an affiliate or         
subsidiary of an insured depository     

institution4  4  ,december #ba1 #bjah   
,committed to the ,committee of the     
,whole ,house on the ,state of the      
,union and ordered to be printed