,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #begb  ,,in ,,the ,,house ,,of  
,,representatives  ,may #h1 #bjai,mr4   
,foster 7for himself and ,mr4 ,stivers7 
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,a ,,bill  ,to    
amend the ,federal ,deposit ,insurance  
,act to clarify the definition of a     
deposit broker1 and for other purposes4 
#a4 ,amendment to definition of deposit 
broker ,section #bi of the ,federal     
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahca;f7 is amended-- 7#a7 in subsection
 7g77#b7--  7,a7 in subparagraph 7,h71  
by striking or at the end2  7,b7 in     
subparagraph 7,i71 by striking the      
period at the end and inserting 2 or2   
and  7,c7 by adding at the end the      
following new subparagraph3  7,j7 an    
affiliate of the insured depository     
institution1 with respect to funds of an
 account or benefit plan described in   
section #c7;a77#d77;,b77viii77,i77ee7 of
 the ,securities ,exchange ,act of #aicd

 for which the insured depository       
institution acts as custodian or        
directed trustee1 to the extent the     
affiliate provides brokerage1 advisory1 
or agency services to participants or   
beneficiaries of such account or benefit
 plan and such services result in the   
investment of the assets of such benefit
 plan or account as deposits of such    
insured depository institution4  2 and  
7#b7 by adding at the end the following 
new subsection3  7i7 ,consideration of  
certain information shared with         
affiliates ,information regarding       
deposit accounts shared by an insured   
depository institution with its         
affiliates that is a communication      
described under section                 
#fjc7;d77#b77;ii7 of the ,fair ,credit  
,reporting ,act shall not be a factor in
 determining whether--  7#a7 an         
affiliate of an insured depository      
institution1 including an individual    
employed by such affiliate1 is          
considered to be a deposit broker2 or   

7#b7 deposits resulting from referrals  
of customers to an affiliate of an      
insured depository institution are      
subject to the restrictions of          
subsections 7a7 and 7b74  4