,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #cifb  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #ae1 #bjbj,mr4   
,moran introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,f$]al ,deposit      
,insurance ,act to remove re/rictions on
 brok]$ deposits1 & = o!r purposes4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,asset ,gr[? ,re/riction ,act ( #bjbj4  
#b4 ,f9d+s & purpose  7a7 ,f9d+s ,!     
,congress f9ds t-- 7#a7 re/rictions on !
 acceptance ( brok]$ deposits 7 enact$ 9
 #aihi 9 ord] to prev5t ! abuse ( !     
deposit insurance sy/em by tr\bl$       
depository in/itutions2  7#b7 s9ce !    
enactm5t ( ! re/rictions describ$ 9     
p>agraph 7#a71 te*nological &           
demographic developm5ts h *ang$ ! way 9 
:i* depository in/itutions seek & s\rce 
deposits1 &1 z a result1 _m deposits t  
are classifi$ z brok]$ pose little1 if  
any1 risk to ! deposit insurance sy/em2 
&  7#c7 9 today's economy1 ! greate/    

risk to ! deposit insurance sy/em is    
asset gr[? by depository in/itutions t  
are less ?an well capitaliz$4  7b7      
,purpose ,! purpose ( ?is ,act is to    
remove ! curr5t re/rictions on brok]$   
deposits & to au?orize ! ,f$]al ,deposit
 ,insurance ,corporation to issue       
regulations t re/rict asset gr[? by     
depository in/itutions t are less ?an   
well capitaliz$4  #c4 ,asset gr[?       
re/riction  7a7 ,asset gr[? re/riction  
,section #bi ( ! ,f$]al ,deposit        
,insurance ,act 7#ab ,u4,s4,c4 #ahca;f7 
is am5d$-- 7#a7 9 ! section head+1 by   
/rik+ ,brok]$ deposits & ins]t+ ,asset  
gr[? re/rictions2 &  7#b7 by /rik+      
subsections 7a7 ?r\gh 7i71 & ins]t+ !   
foll[+3  7a7 ,def9itions ,9 ?is section1
 ! t]ms av]age1 critically              
und]capitaliz$1 & well capitaliz$ h !   
mean+s giv5 ! t]ms 9 section #ch7;b74   
7b7 ,regulations requir$ ,n lat] ?an #ah
 mon?s aft] enactm5t ( ! ,asset ,gr[?   
,re/riction ,act ( #bjbj1 !             
,corporation1 9 consultation ) ! ,bo>d (

 ,gov]nors ( ! ,f$]al ,res]ve ,sy/em & !
 ,comptroll] ( ! ,curr5cy1 %all         
promulgate regulations impos+ a         
re/riction on av]age total asset gr[? = 
insur$ depository in/itutions t are less
 ?an well capitaliz$ to ma9ta9 safety & 
s\ndness & m9imize risk to ! ,deposit   
,insurance ,fund4  7c7 ,maximum level ( 
gr[? ,z "p ( ! regulations describ$ 9   
subsection 7b71 ! ,corporation %all--   
7#a7 e/abli% a framework to impose "o or
 m maximum levels ( gr[? 9 av]age total 
assets t an insur$ depository in/itution
 t is less ?an well capitaliz$ may n    
exce$1 & provide appropriate adju/m5ts =
 gr[? result+ f corporate re/ructur+ su*
 z acquisitions or m]g]s2 &  7#b7       
e/abli% a waiv] process to enable !     
,corporation to waive ! maximum level   
e/abli%$ 9 p>agraph 7#a7 ^u application 
by an insur$ depository in/itution t is 
n critically und]capitaliz$1 bas$ on    
conditions set by ! ,corporation4  7d7  
,exemptions & additional re/rictions ,z 
"p ( ! regulations describ$ 9 subsection

 7b71 ! ,corporation may-- 7#a7 exempt  
specifi$ classes ( assets f ! asset gr[?
 re/riction if ! ,corporation1 9 its    
discretion1 det]m9es t gr[? 9 su* assets
 does n pres5t risks to ! safety &      
s\ndness ( an insur$ depository         
in/itution2 &  7#b7 impose additional   
re/rictions on insur$ depository        
in/itutions to prev5t circumv5tion or   
evasion ( ?is section by an insur$      
depository in/itution result+ f actions 
tak5 by ! insur$ depository in/itution  
by1 or ?r\gh1 its affiliates4  7e7      
,ord]s ,! ,corporation may1 by ord]--   
7#a7 e/abli% a less re/rictive level (  
gr[? re/riction = a p>ticul> insur$     
depository in/itution t is less ?an well
 capitaliz$1 or a gr\p ( insur$         
depository in/itutions t are less ?an   
well capitaliz$1 if ! ,corporation f9ds 
t su* a level w n pose an undue risk to 
! ,deposit ,insurance ,fund2 &  7#b7    
e/abli% a m re/rictive level ( gr[?     
re/riction = a p>ticul> insur$          
depository in/itution t is less ?an well

 capitaliz$1 or a gr\p ( insur$         
depository in/itutions t are less ?an   
well capitaliz$1 if ! ,corporation f9ds 
t su* a level is necess>y to protect !  
,deposit ,insurance ,fund4  7f7 ,con=m+ 
regulations ,! ,corporation %all revise 
its exi/+ regulations to ensure t !y    
con=m to ?is section4  4  7b7 ,rule (   
con/ruction ,an insur$ depository       
in/itution t is 9 compliance ) !        
regulations or ord]s issu$ pursuant to  
section #bi ( ! ,f$]al ,deposit         
,insurance ,act 7#ab ,u4,s4,c4 #ahca;f71
 z am5d$ by subsection 7a7 ( ?is        
section1 %all be deem$ to be 9          
compliance ) ! asset gr[? /&>d e/abli%$ 
pursuant to section #ci ( t ,act 7#ab   
,u4,s4,c4 #ahcap-#a74