,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #ehde  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,septemb] #bi1        
#bjbc,mr4 ,ku/(f introduc$ ! foll[+     
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices1 & 9 addition to !   
,committee on ! ,judici>y1 = a p]iod to 
be subsequ5tly det]m9$ by ! ,speak]1 9  
ea* case = consid]ation ( su* provisions
 z fall )9 ! jurisdiction ( ! committee 
conc]n$  ,a ,,bill  ,to am5d ! ,f$]al   
,deposit ,insurance ,act to address     
transaction acc\nt gu>antees1 & = o!r   
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,depositor ,protection ,act
 ( #bjbc4  #b4 ,transaction acc\nt      
gu>antees  7a7 ,9 g5]al ,section        
#aa7;a77#a7 ( ! ,f$]al ,deposit         
,insurance ,act 7#ab ,u4,s4,c4          
#ahba7;a77#a77 is am5d$-- 7#a7 9        
subp>agraph 7,b7-- 7,a7 by /rik+ ,! net 
am\nt & ins]t+ ! foll[+3  7i7 ,9 g5]al  
,subject to clause 7ii71 ! net am\nt  2 
&  7,b7 by add+ at ! end ! foll[+3  7ii7
 ,insurance = non9t]e/-be>+ transaction 

acc\nts  7,i7 ,9 g5]al ,not)/&+ clause  
7i71 & subject to subclause 7,,ii7 ( ?is
 clause1 ! ,corporation %all insure !   
net am\nt1 9 an am\nt t is n m ?an      
#ajj1jjj1jjj1 t any depositor at an     
insur$ depository in/itution ma9ta9s 9 a
 non9t]e/-be>+ transaction acc\nt4 ,su* 
am\nt %all n be tak5 into acc\nt :5     
comput+ ! net am\nt due to su* depositor
 "u clause 7i74  7,,ii7 ,ability ( c]ta9
 insur$ depository in/itutions to       
opt-out  7aa7 ,9 g5]al ,an insur$       
depository in/itution t has less ?an    
#bej1jjj1jjj1jjj 9 total consolidat$    
assets may elect n to p>ticipate )      
respect to ! increas$ am\nt ( insurance 
made available "u subclause 7,i74  7bb7 
,limitation on assessm5t ( fee ,!       
,corporation may n assess a fee on any  
insur$ depository in/itution t elects n 
to p>ticipate ) respect to ! increas$   
am\nt ( insurance made available "u     
subclause 7,i74  7,,iii7 ,def9ition ,9  
?is clause1 ! t]m non9t]e/-be>+         
transaction acc\nt means a deposit or   

acc\nt ma9ta9$ at an insur$ depository  
in/itution-- 7aa7 ) respect to :i*      
int]e/ is nei!r accru$ nor paid2  7bb7  
on :i* ! depositor or acc\nt hold] is   
p]mitt$ to make )drawals by negotiable  
or transf]able in/rum5t1 paym5t ord]s ( 
)drawal1 telephone or o!r electronic    
m$ia transf]s1 or o!r simil> items = !  
purpose ( mak+ paym5ts or transf]s to   
?ird p>ties or o!rs2 &  7cc7 on :i* !   
insur$ depository in/itution does n     
res]ve ! "r to require advance notice ( 
an int5d$ )drawal4  2 &  7#b7 9         
subp>agraph 7,c71 by /rik+ subp>agraph  
7,b7 & ins]t+ subp>agraph 7,b77i74  7b7 
,rev]sion ,on ! date t is #b ye>s aft] !
 date ( enactm5t ( ?is ,act1 section    
#aa7;a77#a7 ( ! ,f$]al ,deposit         
,insurance ,act 7#ab ,u4,s4,c4          
#ahba7;a77#a77 is am5d$-- 7#a7 by am5d+ 
subp>agraph 7,b7 to read z foll[s3  7,b7
 ,net am\nt ( insur$ deposit ,! net     
am\nt to any depositor at an insur$     
depository in/itution %all n exce$ !    
/&>d maximum deposit insurance am\nt z  

det]m9$ 9 accordance ) subp>agraphs     
7,c71 7,d71 7,e71 & 7,f7 & p>agraph     
7#c74  2 &  7#b7 9 subp>agraph 7,c71 by 
/rik+ subp>agraph 7,b77i7 & ins]t+      
subp>agraph 7,b74  #c4 ,reciprocal      
deposits ,section #bi7;i77#a7 ( ! ,f$]al
 ,deposit ,insurance ,act 7#ab ,u4,s4,c4
 #ahca;f7i77#a77 is am5d$-- 7#a7 9      
subp>agraph 7,a71 by /rik+              
#e1jjj1jjj1jjj & ins]t+ #aj1jjj1jjj1jjj2
 &  7#b7 9 subp>agraph 7,b71 by /rik+   
#bj p]c5t & ins]t+ #be p]c5t4  #d4      
,adju/$ lea/ co/ resolution ,section    
#ac7;c77#d7 ( ! ,f$]al ,deposit         
,insurance ,act 7#ab ,u4,s4,c4          
#ahbc7;c77#d77 is am5d$-- 7#a7 by       
r$esignat+ subp>agraph 7,h7 z           
subp>agraph 7,i72 &  7#b7 by ins]t+ aft]
 subp>agraph 7,g7 ! foll[+3  7,h7       
,non-sy/emic second>y co/ to ! ,deposit 
,insurance ,fund  7i7 ,def9itions ,9 ?is
 subp>agraph3 7,i7 ,l>ge insur$         
depository in/itution ,! t]m l>ge insur$
 depository in/itution means an insur$  
depository in/itution ) total           

consolidat$ assets ( n less ?an         
#ajj1jjj1jjj1jjj4  7,,ii7 ,non-sy/emic  
second>y co/ to ! ,deposit ,insurance   
,fund ,! t]m non-sy/emic second>y co/ to
 ! ,deposit ,insurance ,fund means a co/
 to ! ,deposit ,insurance ,fund f-- 7aa7
 ! appo9tm5t ( ! ,corporation z a       
receiv] = a second or additional insur$ 
depository in/itution z a direct &      
contemporane\s result ( ! compliance by 
! ,corporation ) subp>agraphs 7,a7 &    
7,e7 ) respect to a l>ge insur$         
depository in/itution1 includ+ ! co/ (  
liquidat+ any su* second or additional  
insur$ depository in/itution 9          
compliance ) subp>agraphs 7,a7 & 7,e72  
7bb7 a r$uction 9 ! price ( an asset z a
 direct & contemporane\s result ( !     
liquidation by ! ,corporation ( a l>ge  
insur$ depository in/itution 9          
compliance ) subp>agraphs 7,a7 & 7,e72  
or  7cc7 any o!r direct & contemporane\s
 result ( ! compliance by ! ,corporation
 ) subp>agraphs 7,a7 & 7,e7 ) respect to
 a l>ge insur$ depository in/itution    

7o!r ?an any su* loss t arises f s]i\s  
adv]se effects on economic conditions or
 f9ancial /ability )9 ! mean+ (         
subp>agraph 7,g774  7ii7 ,action p]mitt$
 ^u det]m9ation by ! bo>d ( directors   
7,i7 ,9 g5]al ,not)/&+ subp>agraphs 7,a7
 & 7,e71 if ! ,bo>d ( ,directors 7^u a  
vote ( n less ?an two-?irds ( ! memb]s (
 ! ,bo>d ( ,directors7 makes a          
det]m9ation describ$ 9 subclause 7,,ii71
 ! ,corporation may take action or      
assi/ance "u p>agraph 7#b7 = ! purpose (
 facilitat+-- 7aa7 a m]g] or            
consolidation ( ! applicable l>ge insur$
 depository in/itution ) ano!r insur$   
depository in/itution2  7bb7 ! sale (   
any or all ( ! assets ( ! applicable    
l>ge insur$ depository in/itution2  7cc7
 ! assumption ( any or all ( !          
liabilities ( ! applicable l>ge insur$  
depository in/itution by ano!r insur$   
depository in/itution2 or  7dd7 !       
acquisition ( ! /ock ( ! applicable l>ge
 insur$ depository in/itution4  7,,ii7  
,det]m9ation describ$ ,a det]m9ation    

describ$ 9 ?is subclause is a           
det]m9ation t-- 7aa7 ! compliance by !  
,corporation ) subp>agraphs 7,a7 & 7,e7 
) respect to a l>ge insur$ depository   
in/itution = :i* ! ,corporation has be5 
appo9t$ receiv] w\ld result 9 a         
non-sy/emic second>y co/ to ! ,deposit  
,insurance ,fund2 &  7bb7 any action or 
assi/ance "u ?is subp>agraph w\ld avoid 
or mitigate ! non-sy/emic second>y co/  
to ! ,deposit ,insurance ,fund describ$ 
9 item 7aa74  7iii7 ,adju/$ lea/-co/    
resolution requirem5t ,! ,corporation   
may n take any action or provide any    
assi/ance "u ?is subp>agraph unless !   
total am\nt ( ! exp5ditures by !        
,corporation & obligations incurr$ by ! 
,corporation 7includ+ any imm$iate &    
long-t]m obligation ( ! ,corporation &  
any direct or cont+5t liability = future
 paym5t by ! ,corporation7 9 connection 
) ! tak+ ( t action or provision ( t    
assi/ance ) respect to an insur$        
depository in/itution is ! lea/ co/ly to
 ! ,deposit ,insurance ,fund1 tak+ into 

acc\nt ! non-sy/emic second>y co/s to ! 
,deposit ,insurance ,fund t w\ld result 
)\t ! tak+ ( t action or ! provision ( t
 assi/ance1 ( all possible me?ods =     
meet+ ! obligations ( ! ,corporation "u 
?is section4  7iv7 ,docum5tation requir$
 ,! ,*airp]son ( ! ,bo>d ( ,directors   
%all-- 7,i7 docum5t any det]m9ation "u  
clause 7ii72 &  7,,ii7 reta9 !          
docum5tation = review "u clause 7v74    
7v7 ,,gao review ,! ,comptroll] ,g5]al (
 ! ,unit$ ,/ates %all review & report to
 ,congress on any det]m9ation "u clause 
7ii71 includ+-- 7,i7 ! basis = !        
det]m9ation2  7,,ii7 ! purpose = :i* any
 action 0 tak5 pursuant to su* clause2 &
  7,,iii7 ! likely effect ( !           
det]m9ation & su* action on ! inc5tives 
& conduct ( insur$ depository           
in/itutions & un9sur$ depositors4  7vi7 
,notice  7,i7 ,9 g5]al ,n lat] ?an #c   
days aft] mak+ a det]m9ation "u clause  
7ii71 ! ,secret>y ( ! ,treasury %all    
provide writt5 notice ( any det]m9ation 
"u clause 7ii7 to ! ,committee on       

,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate & ! ,committee on ,f9ancial      
,s]vices ( ! ,h\se ( ,repres5tatives4   
7,,ii7 ,description ( basis (           
det]m9ation ,! notice "u subclause 7,i7 
%all include a description ( ! basis =  
any det]m9ation "u clause 7ii74  4  #e4 
,acquisitions ( di/ress$ banks  7a7     
,def9itions ,9 ?is section3 7#a7        
,appropriate ,f$]al bank+ ag5cy2 insur$ 
bank ,! t]ms appropriate ,f$]al bank+   
ag5cy & insur$ bank h ! mean+s giv5 !   
t]ms 9 section #c ( ! ,f$]al ,deposit   
,insurance ,act 7#ab ,u4,s4,c4 #ahac74  
7#b7 ,bo>d ,! t]m ,bo>d means ! ,bo>d ( 
,gov]nors ( ! ,f$]al ,res]ve ,sy/em4    
7#c7 ,bank hold+ company2 control2      
subsidi>y ,! t]ms bank hold+ company1   
control1 & subsidi>y h ! mean+s giv5 !  
t]ms 9 section #b ( ! ,bank ,hold+      
,company ,act ( #aief 7#ab ,u4,s4,c4    
#ahda74  7#d7 ,cov]$ entity ,! t]m cov]$
 entity means-- 7,a7 aft] a transaction 
describ$ 9 subsection 7b77#a77;,a71 !   
bank hold+ company ( :i* ! applicable   

di/ress$ insur$ bank has become a       
subsidi>y2  7,b7 aft] a transaction     
describ$ 9 subsection 7b77#a77;,b71 !   
bank hold+ company t has acquir$ !      
direct or indirect own]%ip or control   
describ$ 9 t provision2 &  7,c7 aft] a  
m]g] or consolidation describ$ 9        
subsection 7b77#a77;,c71 ! bank hold+   
company t results because ( t m]g] or   
consolidation4  7#e7 ,di/ress$ insur$   
bank ,! t]m di/ress$ insur$ bank means  
an insur$ bank t has a class ( equity   
securities1 or is controll$1 directly or
 indirectly1 by a company t has a class 
( equity securities-- 7,a7 regi/]$      
pursuant to section #ab7;b7 ( !         
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #ghl7b772 &  7,b7 ! price (   
:i* on a national securities ex*ange has
 decl9$ n less ?an #bj p]c5t at any "t  
on or aft] ,m>* #a1 #bjbc1 z comp>$ ) ! 
highe/ price ( ^? securities on t       
ex*ange on or aft] ,m>* #a1 #bjbc4  7#f7
 ,equity security2 ex*ange ,! t]ms      
equity security & ex*ange h ! mean+s    

giv5 ! t]ms 9 section #c7;a7 ( !        
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gh;c7a774  7#g7 ,national    
securities ex*ange ,! t]m national      
securities ex*ange means an ex*ange t is
 regi/]$ 9 accordance ) section #f ( !  
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gh;f74  7#h7 ,total          
consolidat$ assets ,! t]m total         
consolidat$ assets means1 ) respect to  
an entity1 ! total consolidat$ assets ( 
t entity1 z det]m9$ pursuant to !       
in/ructions ( ,=m ,,fr ,y-#i;,c ( !     
,bo>d4  7b7 ,tempor>y waiv] ( regulatory
 approvals = acquisitions ( di/ress$    
banks  7#a7 ,9 g5]al ,subject to        
p>agraphs 7#b7 & 7#c71 except z provid$ 
9 p>agraph 7#d71 & not)/&+ any          
requirem5t or re/riction relat+ to      
notification1 approval1 or o!r matt] "u 
section #c or #d ( ! ,bank ,hold+       
,company ,act ( #aief 7#ab ,u4,s4,c4    
#ahdb1 #ahdc71 section #g7;j7 or #ah7;c7
 ( ! ,f$]al ,deposit ,insurance ,act    
7#ab ,u4,s4,c4 #ahag7;j71 #ahbh7;c771 or

 any o!r ,f$]al or ,/ate law1 aft]      
writt5 notice to ! ,bo>d-- 7,a7 a       
di/ress$ insur$ bank may become a       
subsidi>y ( a bank hold+ company2  7,b7 
a bank hold+ company may acquire direct 
or indirect own]%ip or control ( any    
vot+ %>es ( any di/ress$ insur$ bank or 
any company t controls a di/ress$ insur$
 bank2 &  7,c7 a bank hold+ company may 
m]ge or consolidate ) a bank hold+      
company t has a subsidi>y t is a        
di/ress$ insur$ bank4  7#b7 ,conditions 
,p>agraph 7#a7 %all apply only if-- 7,a7
 aft] ! applicable transaction or o!r   
action "u t p>agraph-- 7i7 ! applicable 
cov]$ entity w\ld meet ! requir$ capital
 levels = well capitaliz$ bank hold+    
companies e/abli%$ by ! ,bo>d2 or  7ii7 
9 ! case ( a transaction or o!r action  
describ$ 9 subp>agraph 7,a7 or 7,b7 ( t 
p>agraph1 ! total consolidat$ assets ( !
 applicable cov]$ entity w\ld be n m ?an
 #b times ! am\nt ( ! total consolidat$ 
assets 7z measur$ imm$iately be=e !     
transaction or o!r action7 (-- 7,i7 9 ! 

case ( an action describ$ 9 subp>agraph 
7,a7 ( t p>agraph1 ! bank hold+ company 
( :i* ! di/ress$ insur$ bank is becom+ a
 subsidi>y z a result ( t action2 or    
7,,ii7 9 ! case ( an acquisition        
describ$ 9 subp>agraph 7,b7 ( t         
p>agraph1 ! bank hold+ company t is     
acquir+ direct or indirect own]%ip or   
control ( any vot+ %>es ( ! di/ress$    
insur$ bank or ! company t controls a   
di/ress$ insur$ bank2 &  7,b7 ea* insur$
 bank controll$ by ! applicable cov]$   
entity-- 7i7 has a composite rat+1 z    
det]m9$ by ! appropriate ,f$]al bank+   
ag5cy 9 ! mo/ rec5t report ( exam9ation 
( ! applicable insur$ bank1 ( #a or #b  
"u ! ,uni=m ,f9ancial ,in/itution ,rat+ 
,sy/em2 &  7ii7 has be5 assign$ by !    
appropriate ,f$]al bank+ ag5cy a rat+ ( 
out/&+ or satisfactory 9 ! mo/ rec5t    
,community ,re9ve/m5t ,act exam9ation ( 
! applicable insur$ bank4  7#c7         
,expiration ,a transaction or o!r action
 to :i* p>agraph 7#a7 applies %all be   
consummat$ n lat] ?an #ij days aft] !   

date ( enactm5t ( ?is ,act4  7#d7       
,exceptions ,p>agraph 7#a7 %all n apply 
to-- 7,a7 any action t w\ld cause a     
di/ress$ insur$ bank to become a        
subsidi>y ( an insur$ bank2  7,b7 any   
acquisition ( direct or indirect own]%ip
 or control by an insur$ bank ( any vot+
 %>es ( any di/ress$ insur$ bank or any 
company t controls a di/ress$ insur$    
bank2 or  7,c7 any m]g]1 consolidation1 
acquisition ( assets1 or o!r acquisition
 ( control1 ( ano!r company t w\ld be   
subject to section #ad ( ! ,bank ,hold+ 
,company ,act ( #aief 7#ab ,u4,s4,c4    
#aheb74  7c7 ,no prem]g] notification & 
wait+ p]iod ,a transaction "u subsection
 7b7 %all be exempt f ! requirem5ts (   
section #g;,a ( ! ,clayton ,act 7#ae    
,u4,s4,c4 #ah;a74