,,ii  #aah? ,,congress  #a/ ,session    
,s4 #ieg  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,m>* #bc1 #bjbc,mr4    
,s&]s introduc$ ! foll[+ bill2 :i* 0    
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,f$]al ,res]ve ,act  
to re/rict conflicts ( int]e/ on ! bo>ds
 ( directors ( ,f$]al res]ve banks1 & = 
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,f$]al ,res]ve         
,indep5d5ce ,act4  #b4 ,end+ conflicts (
 int]e/  7a7 ,class ,a memb]s ,! t5?    
undesignat$ p>agraph ( section #d ( !   
,f$]al ,res]ve ,act 7#ab ,u4,s4,c4 #cjb7
 7relat+ to ,class ,a7 is am5d$ by /rik+
 *os5 by & be repres5tative ( !         
/ockhold+ banks & ins]t+ designat$ by ! 
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em1 f among p]sons :o are n employ$ 
9 any capacity by a /ockhold+ bank4  7b7
 ,class ,b ,! elev5? undesignat$        
p>agraph ( section #d ( ! ,f$]al ,res]ve
 ,act 7#ab ,u4,s4,c4 #cjb7 7relat+ to   
,class ,b7 is am5d$ by /rik+ be elect$ &

 ins]t+ be designat$ by ! ,bo>d (       
,gov]nors ( ! ,f$]al ,res]ve ,sy/em4    
7c7 ,limitations on bo>ds ( directors ,!
 f\rte5? & fifte5? undesignat$ p>agraphs
 ( section #d ( ! ,f$]al ,res]ve ,act   
7#ab ,u4,s4,c4 #cjc7 7relat+ to ,class  
,b & ,class ,c1 respectively7 are am5d$ 
to read z foll[s3  ,no employee ( a bank
 hold+ company or o!r entity regulat$ by
 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve 
,sy/em may s]ve on ! bo>d ( directors ( 
any ,f$]al res]ve bank4  ,no employee ( 
! ,f$]al ,res]ve ,sy/em or bo>d memb] ( 
a ,f$]al res]ve bank may own any /ock or
 inve/ 9 any company t is regulat$ by ! 
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em1 )\t exception4  4  #c4 ,reports 
to ,congress ,n lat] ?an #a ye> aft] !  
date ( enactm5t ( ?is ,act1 & annually  
!reaft]1 ! ,comptroll] ,g5]al ( ! ,unit$
 ,/ates %all submit to ,congress a      
report reg>d+ ! adh]5ce to ! provisions 
( ?is ,act & ! am5dm5ts made by ?is     
,act4