,,ii  #aafth ,,congress  #ast ,session  
,s4 #caaa  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,december #ai1 
#bjai,mr4 ,perdue 7for himself1 ,mr4    
,jones1 and ,mr4 ,moran7 introduced the 
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to amend the ,federal ,deposit 
,insurance ,act to exclude affiliates   
and subsidiaries of insured depository  
institutions from 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 #bjai4  #b4 ,brokered deposits  
,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 that insured depository   
institution1 after an insured depository
 institution12 and  7,b7 in subparagraph

 7,b71 by inserting or any affiliate or 
subsidiary of the insured depository    
institution1 after an insured depository
 institution12 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-- 7i7 an  
insured depository institution2 or  7ii7
 any affiliate or subsidiary of an      
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