,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #dfdd  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #bb1         
#bjbj,mr4 ,jones introduc$ ! foll[+     
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs  ,a ,,bill  ,to am5d ! ,f$]al  
,deposit ,insurance ,act to ensure t    
c]ta9 cu/odial deposits ( well          
capitaliz$ insur$ depository in/itutions
 are n consid]$ to be funds obta9$ by or
 ?r\gh deposit brok]s1 & = o!r purposes4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! ,m9ority ,depository ,in/itution &  
,community ,bank ,deposit ,access ,act (
 #bjbj4  #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$ an am\nt equal to #bj 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$1  
directly or indirectly1 by or ?r\gh a   
deposit brok]1 if ! deposit is deposit$ 
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 plan1 z def9$ 9 section #c (

 ! ,employee ,retirem5t ,income         
,security ,act ( #aigd 7#bi ,u4,s4,c4   
#ajjb74  7,b7 ,eligible in/itution ,!   
t]m eligible in/itution means an insur$ 
depository in/itution t accepts cu/odial
 deposits1 t 7 n deposit$ at ! insur$   
depository in/itution 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 has less ?an #a1jjj1jjj1jjj 9 total
 assets z report$ on ! consolidat$      
report ( condition & income z report$   
qu>t]ly to ! appropriate ,f$]al bank+   
ag5cy2 or  7,,ii7 7aa7 is a community   
developm5t f9ancial in/itution1 z def9$ 
9 section #ajc ( ! ,community           
,developm5t ,bank+ & ,f9ancial          
,in/itutions ,act ( #aiid 7#ab ,u4,s4,c4
 #dgjb72 or  7bb7 is a m9ority          
depository in/itution1 z def9$ 9 section
 #cjh ( ! ,f9ancial ,in/itutions ,re=m1 
,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab 
,u4,s4,c4 #adfc note72  7ii7 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$2 
or  7iii7 has obta9$ 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 #c ( ! 
,employee ,retirem5t ,income ,security  
,act ( #aigd 7#bi ,u4,s4,c4 #ajjb74     
7,d7 ,well capitaliz$ ,! t]m well       
capitaliz$ has ! mean+ giv5 ! t]m 9     
section #ch7;b74  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]ms 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 n great]    
?an-- 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  

#c4 ,community developm5t revolv+ loan  
fund = cr$it unions ,section #acj ( !   
,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4
 #aggb;c-#a7 is am5d$ by /rik+          
subsection 7c7 & ins]t+ ! foll[+3  7c7  
,loans  7#a7 ,9 g5]al ,! ,bo>d may      
require t any loans made f ! ,fund be   
mat*$ by increas$ %>es 9 ! borr[] cr$it 
union4  7#b7 ,eligibility ,only         
l[-income cr$it unions & m9ority        
depository in/itutions t are f$]ally    
insur$ cr$it unions are eligible = loans
 made f ! ,fund4  4