,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #dchd  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,septemb] #ah1        
#bjai,mr4 ,cri/ 7= himself & ,mr4 ,hill 
( ,arkansas7 introduc$ ! foll[+ bill2   
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices  ,a ,,bill  ,to am5d 
! ,f$]al ,deposit ,insurance ,act to    
ensure t c]ta9 cu/odial deposits ( a    
well capitaliz$ insur$ depository       
in/itution are n consid]$ to be funds   
obta9$ by or ?r\gh a deposit brok]1 & = 
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,community ,bank       
,deposit ,access ,act ( #bjai4  #b4     
,limit$ exception = cu/odial deposits   
7a7 ,9 g5]al ,section #bi ( ! ,f$]al    
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahca;f7 is am5d$ by add+ at ! end !    
foll[+3  7j7 ,limit$ exception =        
cu/odial deposits  7#a7 ,9 g5]al        
,cu/odial deposits ( an eligible        
in/itution %all n be consid]$ to be     
funds obta9$1 directly or indirectly1 by
 or ?r\gh a deposit brok] to ! ext5t t !

 total am\nt ( su* cu/odial deposits    
does n exce$ ! less] (--  7,a7          
#e1jjj1jjj1jjj2 or  7,b7 an am\nt equal 
to #aj p]c5t ( ! total liabilities ( !  
eligible in/itution4  7#b7 ,def9itions  
,9 ?is subsection3 7,a7 ,cu/odial       
deposit ,! t]m cu/odial deposit means a 
deposit t w\ld o!rwise be consid]$ to be
 obta9$1 directly or indirectly1 by or  
?r\gh a deposit brok]1 if x is deposit$ 
at #a or m insur$ depository            
in/itutions1 = ! purpose ( provid+ or   
ma9ta9+ deposit insurance = ! b5efit ( a
 ?ird p>ty1 by or ?r\gh any ( ! foll[+1 
ea* act+ 9 a =mal cu/odial or fiduci>y  
capacity = ! b5efit ( a ?ird p>ty3  7i7 
,an insur$ depository in/itution s]v+ z 
ag5t1 tru/ee1 or cu/odian4  7ii7 ,a tru/
 entity controll$ by an insur$          
depository in/itution s]v+ z ag5t1      
tru/ee1 or cu/odian4  7iii7 ,a          
,/ate-*>t]$ tru/ company s]v+ z ag5t1   
tru/ee1 or cu/odian4  7iv7 ,a plan      
adm9i/rator or inve/m5t advisor1 act+ 9 
a =mal cu/odial or fiduci>y capacity = !

 b5efit ( a plan def9$ 9 section #c7c7 (
 ! ,employee ,retirem5t ,income         
,security ,act ( #aigd 7#bi ,u4,s4,c4   
#ajjb7c774  7,b7 ,eligible in/itution ,!
 t]m eligible in/itution means an insur$
 depository in/itution t accepts        
cu/odial deposits1 t 7 n plac$ !re 9    
return = fees paid by ! insur$          
depository in/itution pursuant to an    
agreem5t ) a ?ird p>ty1 if ! insur$     
depository in/itution--  7i7  7,i7 :5   
mo/ rec5tly exam9$ "u section #aj7;d7 0 
f\nd to h a composite condition ( out/&+
 or good2 &  7,,ii7 is well capitaliz$2 
or  7ii7 has obta9$ a waiv] pursuant to 
subsection 7c74  7,c7 ,plan adm9i/rator 
,! t]m plan adm9i/rator has ! mean+ giv5
 ! t]m adm9i/rator 9 section #c7af7 ( ! 
,employee ,retirem5t ,income ,security  
,act ( #aigd 7#bi ,u4,s4,c4 #ajjb7af774 
7,d7 ,well capitaliz$ ,! t]m well       
capitaliz$ has ! mean+ giv5 ! t]m 9     
section #ch7;b77#a77;,a74  4  7b7       
,int]e/ rate re/riction ,section #bi ( !
 ,f$]al ,deposit ,insurance ,act 7#ab   

,u4,s4,c4 #ahca;f7 is am5d$ by /rik+    
subsection 7e7 & ins]t+ ! foll[+3  7e7  
,re/riction on int]e/ rate paid  7#a7   
,def9itions ,9 ?is subsection-- 7,a7 !  
t]ms cu/odial deposit1 eligible         
in/itution1 & well capitaliz$ h ! mean+s
 giv5 ^? t]ms1 respectively1 9          
subsection 7j72 &  7,b7 ! t]m cov]$     
insur$ depository in/itution means an   
insur$ depository in/itution t-- 7i7 "u 
subsection 7c7 or 7d71 accepts funds    
obta9$1 directly or indirectly1 by or   
?r\gh a deposit brok]1 or  7ii7 :ile    
act+ z an eligible in/itution "u        
subsection 7j71 accepts cu/odial        
deposits :ile n well capitaliz$4  7#b7  
,prohibition ,a cov]$ insur$ depository 
in/itution may n pay a rate ( int]e/ on 
funds t1 "u subsection 7c7 or 7d71 are  
obta9$1 directly or indirectly1 by or   
?r\gh a deposit brok] or on cu/odial    
deposits t are accept$ :ile n well      
capitaliz$ t1 at ! "t ! funds or        
cu/odial deposits are accept$1          
significantly exce$s ! limit set =? 9   

p>agraph 7#c74  7#c7 ,limit on int]e/   
rates ,! limit on ! rate ( int]e/ ref]r$
 to 9 p>agraph 7#b7 %all be-- 7,a7 !    
rate paid on deposits ( simil> maturity 
9 ! normal m>ket area ( ! cov]$ insur$  
depository in/itution = deposits accept$
 9 ! normal m>ket area ( ! cov]$ insur$ 
depository in/itution2 or  7,b7 !       
national rate paid on deposits (        
comp>able maturity1 z e/abli%$ by !     
,corporation1 = deposits accept$ outside
 ! normal m>ket area ( ! cov]$ insur$   
depository in/itution4  4