,,ib ,union ,cal5d> ,no4 #aja #aai? ,,congress #a/ ,session ,h4 ,r4 #aijj ,report ,no4 #aai-acb ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,m>* #f1 #bjbe,mr4 ,b>r 7= himself & ,mr4 ,fitzg]ald7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,june #d1 #bjbe;,additional sponsors3 ,mr4 ,meus] & ,mr4 ,sessions ,june #d1 #bjbe,report$ ) an am5dm5t1 committ$ to ! ,committee ( ! ,:ole ,h\se on ! ,/ate ( ! ,union1 & ord]$ to be printed,strike out all aft] ! enact+ clause & ins]t ! "p pr9t$ 9 italic,for text ( introduc$ bill1 see copy ( bill z introduc$ on ,m>* #f1 #bjbe ,a ,,bill ,to specify :5 ! record is complete on c]ta9 acquisition applications relat$ to depository in/itution hold+ companies1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,bank ,failure ,prev5tion ,act ( #bjbe4 #b4 ,complete record on an application 7a7 ,bank hold+ companies ,section #c7;b77#a7 ( ! ,bank ,hold+ ,company ,act ( #aief 7#ab ,u4,s4,c4 #ahdb7;b77#a77 is am5d$-- 7#a7 by /rik+ ,^u receiv+ & ins]t+ ! foll[+3 7,a7 ,9 g5]al ,^u receiv+ 2 7#b7 by /rik+ requir$ & ins]t+ acquir$2 7#c7 by /rik+ ,9 ! ev5t ( ! failure ( ! ,bo>d to act on any application = approval "u ?is section )9 ! n9ety-"o-day p]iod :i* beg9s on ! date ( submission to ! ,bo>d ( ! complete record on t application1 ! application %all be deem$ to h be5 grant$42 & 7#d7 by add+ at ! end ! foll[+3 7,b7 ,complete record on an application 7i7 ,notice to applicant ,n lat] ?an #cj days aft] ! date on :i* ! ,bo>d receives an application = approval "u ?is section1 ! ,bo>d %all transmit to ! applicant a lett] t ei!r-- 7,i7 confirms ! record on ! application is complete2 or 7,,ii7 details all additional in=mation t is requir$ = ! record on t application to be complete4 7ii7 ,ext5sion ( notice ,not)/&+ clause 7i71 ! ,bo>d may1 if an application is complex1 ext5d ! #cj-;day p]iod describ$ "u clause 7i7 = an additional #cj days4 7iii7 ,receipt ( response2 deem+ ( complete record ,^u receipt ( a response f an applicant to a notice reque/+ additional in=mation describ$ "u clause 7i77,,ii71 ! record on ! application %all be deem$ complete unless ! ,bo>d-- 7,i7 det]m9es t ! applicant's response 0 mat]ially defici5t2 & 7,,ii7 n lat] ?an #cj days aft] ! date on :i* ! ,bo>d receiv$ ! response1 provides ! applicant a detail$ notice describ+ ! defici5cies4 7iv7 ,treatm5t ( ?ird-p>ty in=mation ,9 det]m9+ :e!r ! record on an application is complete1 ! ,bo>d may take into acc\nt only in=mation provid$ by ! applicant1 & may n base ! det]m9ation ( complet5ess on any in=mation 7includ+ reports1 views1 or recomm5dations7 provid$ by ?ird p>ties4 7,c7 ,deadl9e = det]m9ation 7i7 ,9 g5]al ,not)/&+ subp>agraphs 7,a7 & 7,b71 ! ,bo>d %all grant or d5y an application submitt$ "u ?is section n lat] ?an #ij days aft] ! date on :i* ! application 0 initially submitt$ to ! ,bo>d1 reg>dless ( :e!r ! record on su* initial application 0 complete4 7ii7 ,failure to make a det]m9ation ,if ! ,bo>d does n grant or d5y an application )9 ! "t p]iod describ$ "u clause 7i71 su* application %all be deem$ to h be5 grant$4 7iii7 ,toll+ ( p]iod ,! ,bo>d may at any "t ext5d ! deadl9e describ$ "u clause 7i7 at ! reque/ ( ! applicant1 b may n ext5d ! deadl9e m ?an #cj days pa/ ! deadl9e describ$ "u clause 7i74 4 7b7 ,sav+s & loan hold+ companies ,section #aj7;e7 ( ! ,home ,own]s' ,loan ,act 7#ab ,u4,s4,c4 #adfg;a7e77 is am5d$-- 7#a7 9 p>agraph 7#b71 by /rik+ 1 & %all r5d] a decision )9 #ij days aft] submission to ! ,bo>d ( ! complete record on ! application2 7#b7 by r$esignat+ p>agraph 7#g7 z p>agraph 7#i72 & 7#c7 by ins]t+ aft] p>agraph 7#f7 ! foll[+3 7#g7 ,complete record on an application 7,a7 ,notice to applicant ,n lat] ?an #cj days aft] ! date on :i* ! ,bo>d receives an application = approval "u ?is subsection1 ! ,bo>d %all transmit to ! applicant a lett] t ei!r-- 7i7 confirms ! record on ! application is complete2 or 7ii7 details all additional in=mation t is requir$ = ! record on t application to be complete4 7,b7 ,ext5sion ( notice ,not)/&+ subp>agraph 7,a71 ! ,bo>d may1 if an application is complex1 ext5d ! #cj-;day p]iod describ$ "u subp>agraph 7,a7 = an additional #cj days4 7,c7 ,receipt ( response2 deem+ ( complete record ,^u receipt ( a response f an applicant to a notice reque/+ additional in=mation describ$ "u subp>agraph 7,a77ii71 ! record on ! application %all be deem$ complete unless ! ,bo>d-- 7i7 det]m9es t ! applicant's response 0 mat]ially defici5t2 & 7ii7 n lat] ?an #cj days aft] ! date on :i* ! ,bo>d receiv$ ! response1 provides ! applicant a detail$ notice describ+ ! defici5cies4 7,d7 ,treatm5t ( ?ird-p>ty in=mation ,9 det]m9+ :e!r ! record on an application is complete1 ! ,bo>d may take into acc\nt only in=mation provid$ by ! applicant1 & may n base ! det]m9ation ( complet5ess on any in=mation 7includ+ reports1 views1 or recomm5dations7 provid$ by ?ird p>ties4 7#h7 ,deadl9e = det]m9ation 7,a7 ,9 g5]al ,not)/&+ any o!r provision ( ?is subsection1 ! ,bo>d %all grant or d5y an application submitt$ "u ?is subsection n lat] ?an #ij days aft] ! date on :i* ! application 0 initially submitt$ to ! ,bo>d1 reg>dless ( :e!r ! record on su* initial application 0 complete4 7,b7 ,failure to make a det]m9ation ,if ! ,bo>d does n grant or d5y an application )9 ! "t p]iod describ$ "u subp>agraph 7,a71 su* application %all be deem$ to h be5 grant$4 7,c7 ,toll+ ( p]iod ,! ,bo>d may at any "t ext5d ! deadl9e describ$ "u subp>agraph 7,a7 at ! reque/ ( ! applicant1 b may n ext5d ! deadl9e m ?an #cj days pa/ ! deadl9e describ$ "u subp>agraph 7,a74 4 7c7 ,insur$ depository in/itutions ,section #ah7;c7 ( ! ,f$]al ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahbh7;c77 is am5d$ by add+ at ! end ! foll[+3 7#ad7 ,complete record on an application 7,a7 ,notice to applicant ,n lat] ?an #cj days aft] ! date on :i* ! responsible ag5cy receives a m]g] application = approval "u ?is subsection1 ! responsible ag5cy %all transmit to ! applicant a lett] t ei!r-- 7i7 confirms ! record on ! application is complete2 or 7ii7 details all additional in=mation t is requir$ = ! record on t application to be complete4 7,b7 ,ext5sion ( notice ,not)/&+ subp>agraph 7,a71 ! responsible ag5cy may1 if an application is unusually complex1 ext5d ! #cj-;day p]iod describ$ "u subp>agraph 7,a7 = an additional #cj days4 7,c7 ,receipt ( response2 deem+ ( complete record ,^u receipt ( a response f an applicant to a notice reque/+ additional in=mation describ$ "u subp>agraph 7,a77ii71 ! record on ! application %all be deem$ complete unless ! responsible ag5cy-- 7i7 det]m9es t ! applicant's response 0 mat]ially defici5t2 & 7ii7 n lat] ?an #cj days aft] ! date on :i* ! responsible ag5cy receiv$ ! response1 provides ! applicant a detail$ notice describ+ ! defici5cies4 7,d7 ,treatm5t ( ?ird-p>ty in=mation ,9 det]m9+ :e!r ! record on an application is complete1 ! responsible ag5cy may take into acc\nt only in=mation provid$ by ! applicant1 & may n base ! det]m9ation ( complet5ess on any in=mation 7includ+ reports1 views1 or recomm5dations7 provid$ by ?ird p>ties4 7#ae7 ,deadl9e = det]m9ation 7,a7 ,9 g5]al ,not)/&+ any o!r provision ( ?is subsection1 ! responsible ag5cy %all grant or d5y a m]g] application submitt$ "u ?is subsection n lat] ?an #ij days aft] ! date on :i* ! application 0 initially submitt$ to ! responsible ag5cy1 reg>dless ( :e!r ! record on su* initial application 0 complete4 7,b7 ,failure to make a det]m9ation ,if ! responsible ag5cy does n grant or d5y an application )9 ! "t p]iod describ$ "u subp>agraph 7,a71 su* application %all be deem$ to h be5 grant$4 7,c7 ,toll+ ( p]iod ,! responsible ag5cy may at any "t ext5d ! deadl9e describ$ "u subp>agraph 7,a7 at ! reque/ ( ! applicant1 b may n ext5d ! deadl9e m ?an #cj days pa/ ! deadl9e describ$ "u subp>agraph 7,a74 4 ,june #d1 #bjbe,report$ ) an am5dm5t1 committ$ to ! ,committee ( ! ,:ole ,h\se on ! ,/ate ( ! ,union1 & ord]$ to be pr9t$