,,ii  #aae? ,,congress  #b;d ,session   
,s4 #cfhb  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,novemb] #bi1 #bjah,mr4
 ,p]due introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to require ! appropriate ,f$]al
 bank+ ag5cies to recognize !           
exposure-r$uc+ nature ( cli5t m>g9 =    
cle>$ d]ivatives4  #a4 ,treatm5t ( cli5t
 m>g9  7a7 ,treatm5t ( cli5t m>g9 =     
insur$ depository in/itutions ,section  
#ah7n7 ( ! ,f$]al ,deposit ,insurance   
,act 7#ab ,u4,s4,c4 #ahbh7n77 is am5d$--
 7#a7 by /rik+ ,no appropriate & ins]t+ 
! foll[+3  7#a7 ,unid5tifi$ intangible  
assets ,no appropriate  2 &  7#b7 by    
add+ at ! end ! foll[+3  7#b7 ,treatm5t 
( cli5t m>g9 ,= purposes ( any          
lev]age-bas$ capital rule1 guidel9e1    
/&>d1 or requirem5t promulgat$1         
prescrib$1 or impos$ by any appropriate 
,f$]al bank+ ag5cy on insur$ depository 
in/itutions1 ! am\nt ( any initial m>g9 
provid$ by a cli5t ( an insur$          

depository in/itution ) respect to a    
c5trally cle>$ d]ivative obligation %all
 be d$uct$ f ! am\nt ( any lev]age      
exposure aris+ f ! insur$ depository    
in/itution's gu>antee ( ! cli5t's       
d]ivative obligation to ! c5tral        
c\nt]p>ty4  4  7b7 ,treatm5t ( cli5t    
m>g9 = bank hold+ companies ,section    
#e7;c77#c7 ( ! ,bank ,hold+ ,company    
,act ( #aief 7#ab ,u4,s4,c4             
#ahdd7;c77#c77 is am5d$-- 7#a7 by add+  
at ! end ! foll[+3  7,d7 ,treatm5t (    
cli5t m>g9 ,= purposes ( any            
lev]age-bas$ capital rule1 guidel9e1    
/&>d1 or requirem5t promulgat$1         
prescrib$1 or impos$ by ! ,bo>d on bank 
hold+ companies1 ! am\nt ( any initial  
m>g9 provid$ by a cli5t ( a bank hold+  
company or affiliate !re( ) respect to a
 c5trally cle>$ d]ivative obligation    
%all be d$uct$ f ! am\nt ( any lev]age  
exposure aris+ f ! gu>antee by ! bank   
hold+ company or affiliate !re( ( !     
cli5t's d]ivative obligation to ! c5tral
 c\nt]p>ty4  4  7c7 ,treatm5t ( cli5t   

m>g9 = sav+s & loan hold+ companies     
,section #aj7;g77#a7 ( ! ,home ,own]s'  
,loan ,act 7#ab ,u4,s4,c4               
#adfg;a7g77#a77 is am5d$-- 7#a7 by /rik+
 ,! ,bo>d & ins]t+ ! foll[+3  7,a7      
,regulations & ord]s ,! ,bo>d  2 &  7#b7
 by add+ at ! end ! foll[+3  7,b7       
,treatm5t ( cli5t m>g9 ,= purposes ( any
 lev]age-bas$ capital rule1 guidel9e1   
/&>d1 or requirem5t promulgat$1         
prescrib$1 or impos$ by ! ,bo>d on sav+s
 & loan hold+ companies1 ! am\nt ( any  
initial m>g9 provid$ by a cli5t ( a     
sav+s & loan hold+ company or affiliate 
!re( ) respect to a c5trally cle>$      
d]ivative obligation %all be d$uct$ f ! 
am\nt ( any lev]age exposure aris+ f !  
gu>antee by ! sav+s & loan hold+ company
 or affiliate !re( ( ! cli5t's d]ivative
 obligation to ! c5tral c\nt]p>ty4  4   
7d7 ,am5dm5ts to lev]age-,bas$ capital  
regulations ,n lat] ?an ! end ( !       
#c-mon? p]iod beg9n+ on ! date ( !      
enactm5t ( ?is ,act1 ! ,f$]al ,deposit  
,insurance ,corporation1 ! ,bo>d (      

,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 & !
 ,comptroll] ( ! ,curr5cy %all am5d _!  
rules to implem5t ! am5dm5ts made by ?is
 ,act4