,,ib ,union ,cal5d> ,no4 #djf #aai?     
,,congress  #b;d ,session  ,h4 ,r4 #feef
 ,report ,no4 #aai-dge ,,9 ,,! ,,h\se   
,,( ,,repres5tatives  ,decemb] #aj1     
#bjbe,mr4 ,lyn* introduc$ ! foll[+ bill2
 :i* 0 ref]r$ to ! ,committee on        
,f9ancial ,s]vices  ,febru>y #b1        
#bjbf;,additional sponsor3 ,mr4 ,got!im]
  ,febru>y #b1 #bjbf,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 ,decemb] #aj1
 #bjbe  ,a ,,bill  ,to prohibit ! use ( 
c]ta9 conc5tration limit exceptions )   
respect to m]g]s involv+ a fail$ bank   
unless ! applicable ag5cy det]m9es su*  
use is necess>y to prev5t significant   
economic disruption or significant      
adv]se effects on f9ancial /ability1 & =
 o!r purposes4  #a4 ,%ort title ,?is    
,act may be cit$ z ! ,fail+ ,bank       
,acquisition ,fairness ,act4  #b4       

,conc5tration limit exceptions only     
available to avoid s]i\s adv]se economic
 or f9ancial effects  7a7 ,conc5tration 
limits ) respect to deposits  7#a7      
,f$]al ,deposit ,insurance ,act ,!      
,f$]al ,deposit ,insurance ,act 7#ab    
,u4,s4,c4 #ahaa et seq47 is am5d$-- 7,a7
 9 section #ah7;c77#ac7-- 7i7 by am5d+  
subp>agraph 7,b7 to read z foll[s3  7,b7
 ,subp>agraph 7,a7 %all n apply to an   
int]/ate m]g] transaction if-- 7i7 su*  
int]/ate m]g] transaction involves #a or
 m insur$ depository in/itutions 9      
default or 9 dang] ( default & !        
responsible ag5cy det]m9es1 bas$ on cle>
 & conv9c+ evid5ce1 t consummation ( !  
propos$ int]/ate m]g] transaction is    
necess>y to prev5t significant economic 
disruption or significant adv]se effects
 on f9ancial /ability1 & ! ,corporation 
has n receiv$ any qualifi$ bid f a      
company t is n subject to ! prohibition 
9 subp>agraph 7,a72 or  7ii7 !          
,corporation provides assi/ance "u      
section #ac to facilitate su* int]/ate  

m]g] transaction & ! responsible ag5cy  
det]m9es1 bas$ on cle> & conv9c+        
evid5ce1 t consummation ( ! propos$     
int]/ate m]g] transaction is necess>y to
 prev5t significant economic disruption 
or significant adv]se effects on        
f9ancial /ability1 & ! ,corporation has 
n receiv$ any qualifi$ bid f a company t
 is n subject to ! prohibition 9        
subp>agraph 7,a74  2 &  7ii7 9          
subp>agraph 7,c7-- 7,i7 9 clause 7i71 by
 /rik+ & at ! end2  7,,ii7 9 clause     
7ii71 by /rik+ ! p]iod at ! end & ins]t+
 a semicolon2 &  7,,iii7 by add+ at !   
end ! foll[+3  7iii7 ! t]m qualifi$ bid 
means an application1 propos$           
application1 or bid f a company :]e--   
7,i7 if applicable1 ! company1 any      
affiliate insur$ depository in/itution1 
& any affiliate depository in/itution   
hold+ company is well capitaliz$ & well 
manag$1 z ( ! date ( ! application1     
propos$ application1 or bid2 &  7,,ii7  
^u consummation ( ! transaction1 !      
result+ insur$ depository in/itution is 

well capitaliz$2  7iv7 ! t]m well       
capitaliz$-- 7,i7 ) respect to an insur$
 depository in/itution1 has ! mean+ giv5
 su* t]m 9 section #ch7;b7 7#ab         
,u4,s4,c4 #ahcao7b772  7,,ii7 ) respect 
to a bank hold+ company1 has ! mean+    
giv5 su* t]m 9 section #b7o77#a77;,b7 ( 
! ,bank ,hold+ ,company ,act ( #aief    
7#ab ,u4,s4,c4 #ahda7o77#a77;,b772      
7,,iii7 ) respect to a sav+s & loan     
hold+ company1 has ! mean+ giv5 su* t]m 
9 section #bch4b ( title #ab1 ,code (   
,f$]al ,regulations2 &  7,,iv7 ) respect
 to a company t is n an insur$          
depository in/itution1 bank hold+       
company1 or sav+s & loan hold+ company1 
means ma9ta9+ equity capital t !        
,corporation det]m9es is comm5surate ) !
 capital ma9ta9$ by an insur$ depository
 in/itution t is well capitaliz$2 &  7v7
 ! t]m well manag$ has ! mean+ giv5 su* 
t]m 9 section #b7o77#i7 ( ! ,bank ,hold+
 ,company ,act ( #aief 7#ab ,u4,s4,c4   
#ahda7o77#i774  2 &  7,b7 9 section #dd1
 by am5d+ subsection 7e7 to read z      

foll[s3  7e7 ,exception = ,banks 9      
,default or 9 ,dang] ( ,default  7#a7   
,g5]al exception ,! responsible ag5cy   
may1 )\t reg>d to p>agraph 7#a71 7#c71  
7#d71 or 7#e7 ( subsection 7b7 or       
p>agraph 7#b71 7#d71 or 7#e7 (          
subsection 7a71 approve an application  
"u subsection 7a77#a7 = approval ( a    
m]g] transaction if-- 7,a7 ! m]g]       
transaction involves #a or m banks 9    
default or 9 dang] ( default2 or  7,b7 !
 ,corporation provides assi/ance "u     
section #ac7;c7 to facilitate su* m]g]  
transaction4  7#b7 ,conc5tration limit  
exception ,! responsible ag5cy may1 )\t 
reg>d to subsection 7b77#b71 approve an 
application "u subsection 7a77#a7 =     
approval ( a m]g] transaction if-- 7,a7 
! m]g] transaction involves #a or m     
banks 9 default or 9 dang] ( default & !
 responsible ag5cy det]m9es1 bas$ on    
cle> & conv9c+ evid5ce1 t consummation (
 ! propos$ int]/ate m]g] transaction is 
necess>y to prev5t significant economic 
disruption or significant adv]se effects

 on f9ancial /ability1 & ! ,corporation 
has n receiv$ any qualifi$ bid f ano!r  
in/itution t is n subject to !          
prohibition 9 subsection 7b77#b72 or    
7,b7 ! ,corporation provides assi/ance  
"u section #ac7;c7 to facilitate su*    
m]g] transaction & ! responsible ag5cy  
det]m9es1 bas$ on cle> & conv9c+        
evid5ce1 t consummation ( ! propos$     
int]/ate m]g] transaction is necess>y to
 prev5t significant economic disruption 
or significant adv]se effects on        
f9ancial /ability1 & ! ,corporation has 
n receiv$ any qualifi$ bid f ano!r      
in/itution t is n subject to !          
prohibition 9 subsection 7b77#b74  7#c7 
,qualifi$ bid def9$ ,9 ?is subsection1 !
 t]m qualifi$ bid has ! mean+ giv5 t t]m
 9 section #ah7;c77#ac77;,c74  4  7#b7  
,bank ,hold+ ,company ,act ( #aief ,!   
,bank ,hold+ ,company ,act ( #aief 7#ab 
,u4,s4,c4 #ahda et seq47 is am5d$-- 7,a7
 9 section #c7;d71 by am5d+ p>agraph    
7#e7 to read z foll[s3  7#e7 ,exception 
= banks 9 default or 9 dang] ( default  

7,a7 ,g5]al exception ,! ,bo>d may1 )\t 
reg>d to subp>agraph 7,b7 or 7,d7 (     
p>agraph 7#a7 or p>agraph 7#c71 approve 
an application pursuant to p>agraph     
7#a77;,a7 if-- 7i7 ! application is = an
 acquisition ( #a or m banks 9 default  
or 9 dang] ( default2 or  7ii7 !        
application is = an acquisition )       
respect to :i* assi/ance is provid$ "u  
section #ac7;c7 ( ! ,f$]al ,deposit     
,insurance ,act4  7,b7 ,conc5tration    
limit exception ,! ,bo>d may1 )\t reg>d 
to p>agraph 7#b71 approve an application
 pursuant to p>agraph 7#a77;,a7 if-- 7i7
 ! application is = ! acquisition ( #a  
or m banks 9 default or 9 dang] (       
default & ! ,bo>d det]m9es1 bas$ on cle>
 & conv9c+ evid5ce1 t consummation ( !  
propos$ acquisition is necess>y to      
prev5t significant economic disruption  
or significant adv]se effects on        
f9ancial /ability1 & ! ,corporation has 
n receiv$ any qualifi$ bid f ano!r      
in/itution t is n subject to !          
prohibition 9 p>agraph 7#b72 or  7ii7 ! 

application is = an acquisition )       
respect to :i* assi/ance is provid$ "u  
section #ac7;c7 ( ! ,f$]al ,deposit     
,insurance ,act & ! ,bo>d det]m9es1 bas$
 on cle> & conv9c+ evid5ce1 t           
consummation ( ! propos$ acquisition is 
necess>y to prev5t significant economic 
disruption or significant adv]se effects
 on f9ancial /ability1 & ! ,corporation 
has n receiv$ any qualifi$ bid f ano!r  
in/itution t is n subject to !          
prohibition 9 p>agraph 7#b74  7,c7      
,qualifi$ bid def9$ ,9 ?is p>agraph1 !  
t]m qualifi$ bid has ! mean+ giv5 t t]m 
9 section #ah7;c77#ac77;,c7 ( ! ,f$]al  
,deposit ,insurance ,act4  2 &  7,b7 9  
section #d7;i77#h71 by am5d+ subsection 
7,b7 to read z foll[s3  7,b7 ,exception 
,subp>agraph 7,a7 %all n apply to an    
acquisition if-- 7i7 su* acquisition    
involves an insur$ depository in/itution
 9 default or 9 dang] ( default & !     
,bo>d det]m9es1 bas$ on cle> & conv9c+  
evid5ce1 t consummation ( ! propos$     
acquisition is necess>y to prev5t       

significant economic disruption or      
significant adv]se effects on f9ancial  
/ability1 & ! ,corporation has n receiv$
 any qualifi$ bid 7z def9$ 9 section    
#ah7;c77#ac77;,c7 ( ! ,f$]al ,deposit   
,insurance ,act7 f ano!r in/itution t is
 n subject to ! prohibition 9 p>agraph  
7#b72 or  7ii7 ! ,f$]al ,deposit        
,insurance ,corporation provides        
assi/ance "u section #ac ( ! ,f$]al     
,deposit ,insurance ,act to facilitate  
su* acquisition & ! ,bo>d det]m9es1 bas$
 on cle> & conv9c+ evid5ce1 t           
consummation ( ! propos$ acquisition is 
necess>y to prev5t significant economic 
disruption or significant adv]se effects
 on f9ancial /ability1 & ! ,corporation 
has n receiv$ any qualifi$ bid 7z def9$ 
9 section #ah7;c77#ac77;,c7 ( ! ,f$]al  
,deposit ,insurance ,act7 f ano!r       
in/itution t is n subject to !          
prohibition 9 p>agraph 7#b74  4  7b7    
,conc5tration limit ) respect to        
consolidat$ liabilities ,section #ad7;c7
 ( ! ,bank ,hold+ ,company ,act ( #aief 

7#ab ,u4,s4,c4 #aheb7;c77 is am5d$--    
7#a7 by r$esignat+ p>agraphs 7#a71 7#b71
 & 7#c7 z subp>agraphs 7,a71 7,b71 &    
7,c71 respectively2  7#b7 by /rik+ ,) ! 
& ins]t+ ! foll[+3  7#a7 ,9 g5]al ,) !  
2 &  7#c7 by add+ at ! end ! foll[+3    
7#b7 ,limitation ,! ,bo>d may provide   
writt5 cons5t = an acquisition describ$ 
9 p>agraph 7#a77;,a7 or 9 p>agraph      
7#a77;,b7 only if ! ,bo>d det]m9es1 bas$
 on cle> & conv9c+ evid5ce1 t           
consummation ( ! propos$ acquisition is 
necess>y to prev5t significant economic 
disruption or significant adv]se effects
 on f9ancial /ability1 & ! ,corporation 
has n receiv$ any qualifi$ bid 7z def9$ 
9 section #ah7;c77#ac77;,c7 ( ! ,f$]al  
,deposit ,insurance ,act7 f ano!r       
in/itution t is n subject to !          
prohibition 9 subsection 7b74  4  #c4   
,congressional notification &           
ju/ification = waiv]s  7a7 ,9 g5]al     
,:5ev] ! ,bo>d ( ,gov]nors ( ! ,f$]al   
,res]ve ,sy/em1 ! ,comptroll] ( !       
,curr5cy1 or ! ,f$]al ,deposit          

,insurance ,corporation waives a        
conc5tration limit "u section           
#ah7;c77#ac77;,b7 or section #dd7;e7 ( !
 ,f$]al ,deposit ,insurance ,act or "u  
section #c7;d77#e71 section             
#d7;i77#h77;,b71 or section #ad7;c77#b7 
( ! ,bank ,hold+ ,company ,act ( #aief1 
9 connection ) ! acquisition ( a bank or
 insur$ depository in/itution 9 default 
or 9 dang] ( default1 or 9 connection ) 
an acquisition ) respect to :i* ! ,f$]al
 ,deposit ,insurance ,corporation       
provides assi/ance "u section #ac ( !   
,f$]al ,deposit ,insurance ,act1 ! waiv+
 ag5cy & ! ,f$]al ,deposit ,insurance   
,corporation1 jo9tly1 %all1 n lat] ?an  
#cj days aft] su* waiv]1 submit a writt5
 report to ! ,committee on ,f9ancial    
,s]vices ( ! ,h\se ( ,repres5tatives & !
 ,committee on ,bank+1 ,h\s+1 & ,urban  
,affairs 9 ! ,s5ate conta9+-- 7#a7 a    
ju/ification = ! waiv]1 includ+ an      
analysis ( :y x 0 necess>y to prev5t    
significant economic disruption or      
significant adv]se effects on f9ancial  

/ability2  7#b7 a description (         
alt]native bids or outcomes consid]$1   
includ+ ef=ts to solicit & enc\rage bids
 f entities t w\ld n require a waiv]2   
7#c7 an explanation ( :y alt]native bids
 7 n select$1 if applicable2 &  7#d7 any
 recomm5dations = legislative or        
regulatory *anges to improve competition
 9 future insur$ depository in/itution  
resolutions4  7b7 ,public disclosure ,! 
waiv+ ag5cy submitt+ a report "u        
subsection 7a7 & ! ,f$]al ,deposit      
,insurance ,corporation %all make !     
report publicly available on _!         
respective websites1 subject to         
r$actions = confid5tial sup]visory      
in=mation & any o!r in=mation describ$  
"u section #eeb7;b7 ( title #e1 ,unit$  
,/ates ,code4  #d4 ,limitation on       
consid]+ bad fai? bids 9 lea/ co/       
det]m9ation ,section #ac7;c77#d7 ( !    
,f$]al ,deposit ,insurance ,act 7#ab    
,u4,s4,c4 #ahbc7;c77#d77 is am5d$ by    
add+ at ! end ! foll[+3  7,i7           
,limitation on consid]+ bad fai? bids ,9

 mak+ a det]m9ation "u ?is p>agraph (   
:e!r an ex]cise ( au?ority is ! lea/    
co/ly to ! ,deposit ,insurance ,fund1 ! 
,corporation may n consid] any          
application1 propos$ application1 or bid
 f a company1 if su* application1       
propos$ application1 or bid w\ld result 
9 violation (-- 7i7 section #ah7;c77#ac7
 or #dd7;b77#b72 or  7ii7 section       
#c7;d77#b71 #d7;i77#h71 or #ad ( ! ,bank
 ,hold+ ,company ,act ( #aief4  4       
,febru>y #b1 #bjbf,report$ ) an am5dm5t1
 committ$ to ! ,committee ( ! ,:ole     
,h\se on ! ,/ate ( ! ,union1 & ord]$ to 
be pr9t$