,i #aaf? ,,congress #b;d ,session ,h4 ,r4 #gjdf ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,may #bh1 #bjbj,mr4 ,ca/5 ( ,ill9ois introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to am5d ! ,bank ,hold+ ,company ,act ( #aief to place c]ta9 limitations on commodity own]%ip & to repeal ! m]*ant bank+ au?ority1 & = o!r purposes4 #a4 ,limitations on commodity own]%ip & repeal ( ! m]*ant bank+ au?ority 7a7 ,9 g5]al ,section #d ( ! ,bank ,hold+ ,company ,act ( #aief 7#ab ,u4,s4,c4 #ahdc7 is am5d$-- 7#a7 9 subsection 7k7-- 7,a7 9 p>agraph 7#a71 by /rik+ 7by regulation or ord]7 & ins]t+ 1 by regulation2 7,b7 9 p>agraph 7#b7-- 7i7 9 ! head+1 by /rik+ secret>y ( ! treasury & ins]t+ ,secret>y ( ! ,treasury & ! ,f$]al ,deposit ,insurance ,corporation2 & 7ii7 by add+ at ! end ! foll[+3 7,c7 ,jo9t det]m9ation ) ! ,f$]al ,deposit ,insurance ,corporation ,= purposes ( p>agraph 7#a71 ! ,bo>d may only make a det]m9ation t an activity is complem5t>y to a f9ancial activity & does n pose a sub/antial risk to ! safety or s\ndness ( depository in/itutions or ! f9ancial sy/em g5]ally1 if su* det]m9ation is made jo9tly1 by rule1 ) ! ,f$]al ,deposit ,insurance ,corporation4 2 7,c7 9 p>agraph 7#d7-- 7i7 by /rik+ subp>agraph 7,h72 & 7ii7 by r$esignat+ subp>agraph 7,i7 z subp>agraph 7,h72 & 7,d7 by /rik+ p>agraph 7#g72 7#b7 9 subsection 7l7-- 7,a7 9 p>agraph 7#a71 by /rik+ subsection 7k71 7n71 or 7o7 ea* place su* t]m appe>s & ins]t+ subsection 7k7 or 7n72 & 7,b7 9 p>agraph 7#b77;,b71 by /rik+ subp>agraph 7,h7 or 7,i7 & ins]t+ subp>agraph 7,h72 7#c7 9 subsection 7m77#a77;,a71 by /rik+ subsection 7k71 7n71 or 7o7 & ins]t+ subsection 7k7 or 7n72 7#d7 9 subsection 7n77#e71 by /rik+ subp>agraph 7,h7 or 7,i7 ea* place su* t]m appe>s & ins]t+ subp>agraph 7,h72 & 7#e7 by /rik+ subsection 7o74 7b7 ,con=m+ am5dm5t ,section #c7;a77#d77;,b77vi7 ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #gh;c7a77#d77;,b77vi77 is am5d$ by /rik+ o!r ?an & all t foll[s ?r\gh ! end & ins]t+ o!r ?an a regi/]$ brok] or deal]44 7c7 ,rulemak+ ,! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em %all-- 7#a7 issue rules to c>ry out ! am5dm5ts made by ?is section2 & 7#b7 provide = an appropriate transition p]iod be=e p]sons are requir$ to comply ) ! am5dm5ts made by ?is section1 includ+ all[+ = ! dive/m5t ( %>es1 assets1 & own]%ip int]e/s affect$ by su* am5dm5ts4 #b4 ,f9alization ( propos$ f9ancial hold+ company rule 7a7 ,9 g5]al ,! propos$ f9ancial hold+ company rule ( ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em %all h ! =ce & effect ( law4 7b7 ,def9ition ,9 ?is section1 ! t]m propos$ f9ancial hold+ company rule means ! propos$ rule ( ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em titl$ ,regulations ,q & ,y2 ,risk-,bas$ ,capital & ,o!r ,regulatory ,requirem5ts = ,activities ( ,f9ancial ,hold+ ,companies ,relat$ to ,physical ,commodities & ,risk-,bas$ ,capital ,requirem5ts = ,m]*ant ,bank+ ,inve/m5ts 7#ha ,f$4 ,reg4 #fgbbj2 publi%$ ,septemb] #cj1 #bjaf74