I 111th CONGRESS 1st Session H. R. 1754 IN THE HOUSE OF REPRESENTATIVES March 26, 2009 Mr. Castle introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To create a systemic risk monitor for the financial system of the United States, to oversee financial regulatory activities of the Federal Government, and for other purposes.
1.
Short title; table of contents
(a)
Short title
This Act may be cited as the Financial System Stabilization and Reform Act of 2009. (b)
Table of contents
The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. TITLE I—Financial System Regulation Sec. 101. Definitions. Subtitle A—Financial Stability Council Sec. 111. Establishment and structure. Sec. 112. Duties and authority of the Chairperson. Sec. 113. Duties and authority of the Council. Sec. 114. Judicial review. Sec. 115. Civil penalties. Sec. 116. Precedence of council actions. Sec. 117. Conflicting provisions terminated. Sec. 118. Reporting and recordkeeping for positions involving credit-default swaps. Sec. 119. Federal Reserve Board authority over investment bank holding companies. Sec. 120. Regulations on clearinghouse operations and fraudulent, deceptive, and manipulative acts. Subtitle B—Administrative provision Sec. 151. Annual budget. Sec. 152. Personnel matters. Sec. 153. Personnel programs and policies. Sec. 154. Executive schedule matters. Sec. 155. Transitional authorities. Sec. 156. Prohibition on political campaigning. Sec. 157. Authorization of appropriations. Sec. 158. Savings provision. TITLE II—Abolishment and transfer of functions of the Office of Thrift Supervision Sec. 201. Definitions. Sec. 202. Transfer of powers of the Director of the Office of Thrift Supervision. Sec. 203. Abolishment of the Office of Thrift Supervision. Sec. 204. Transition period. Sec. 205. Savings provisions. Sec. 206. Continuation of regulations. Sec. 207. Transfer of functions, personnel, and property. Sec. 208. Conforming amendments to the Home Owners' Loan Act. Sec. 209. Conforming amendments to the Federal Deposit Insurance Act. Sec. 210. Additional Conforming Amendments. Sec. 211. Additional conforming references.
<enum>I</enum><header>Financial System Regulation</header> <section id="HFB3109AC3CA84D629B6D568D9E032B7D"><enum>101.</enum><header>Definitions</header><text display-inline="no-display-inline">For purposes of this title, the following definitions shall apply:</text> <paragraph id="H05C35537CCE647019BF0013F669A3F"><enum>(1)</enum><header>Council</header><text display-inline="yes-display-inline">The term <term>Council</term> means the Financial Stability Council established under section 111.</text></paragraph> <paragraph id="H8AE1345A600543A7B0D77EA961BEE6E"><enum>(2)</enum><header>Product or activity that is financial in nature</header><text>The term <term>product or activity that is financial in nature</term> means products and activities listed in paragraph (4) of section 4(k) of the Bank Holding Company Act of 1956 (12 U.S.C. 1843(k)(4)), other than the activities and products listed in subparagraph (B) of such paragraph (4).</text></paragraph> <paragraph id="H0DE97A022B084463A081979B01B5F038"><enum>(3)</enum><header>Financial system</header><text>the term <term>financial system</term> means any product or activity that is financial in nature, financial institutions, or financial markets.</text></paragraph> <paragraph id="H3AE64B6C5DF74938BF90E298B8CF1D34"><enum>(4)</enum><header>Federal financial regulator</header><text>The term <term>Federal financial regulator</term> means, individually and collectively, as the context requires—</text> <subparagraph id="H9417691435104C3BA512562D0013C9B7"><enum>(A)</enum><text>the Comptroller of the Currency;</text></subparagraph> <subparagraph id="H6ADD3729D3CC4AD794FF7E50E754FA65"><enum>(B)</enum><text>the Board of Governors of the Federal Reserve System;</text></subparagraph> <subparagraph id="H5CE190A6E5B64348ADA0BAFEBB3EFA"><enum>(C)</enum><text>the Federal Deposit Insurance Corporation;</text></subparagraph> <subparagraph id="HC430617746934C39B52CA16805172CB7"><enum>(D)</enum><text>the National Credit Union Administration;</text></subparagraph> <subparagraph commented="no" id="HFAAA4B3844D44DA090641CA420E00984"><enum>(E)</enum><text>the Securities and Exchange Commission;</text></subparagraph> <subparagraph commented="no" id="HB06B85CC8E54491185AF65D9AA1F82A8"><enum>(F)</enum><text>the Commodity Futures Trade Commission;</text></subparagraph> <subparagraph commented="no" id="H2639A7AA05E24C03BFE0AEA2DF81C00"><enum>(G)</enum><text>the Treasury;</text></subparagraph> <subparagraph commented="no" id="HF4F5170328EB4CC5BEE901203CB800B7"><enum>(H)</enum><text>the Pension Benefit Guarantee Corporation;</text></subparagraph> <subparagraph commented="no" id="H931EADCEC5B94BD695EFC026D5D328D8"><enum>(I)</enum><text>the Federal Housing Finance Agency;</text></subparagraph> <subparagraph commented="no" id="H7620A658A80A407DBF1EA78F7CF1B441"><enum>(J)</enum><text>any other department or agency or component thereof, designated by the President as a Federal financial regulator; and</text></subparagraph> <subparagraph commented="no" id="H4137186CC0BD464E993D6381BBC2D796"><enum>(K)</enum><text>any combination of the agencies specified in this paragraph, with respect to any given institution, as otherwise provided by law.</text></subparagraph></paragraph> <paragraph id="HBA92327CB6254EFDBC5487EC56F2E781"><enum>(5)</enum><header>Chairperson</header><text>The term <term>Chairperson</term>, except as the context otherwise requires, means the Chairperson of the Financial Stability Council.</text></paragraph> <paragraph id="H8D2CEA3C93D3495D81F6584114201CC8"><enum>(6)</enum><header>Board</header><text>The term <term>Board</term> means the Board of Governors of the Federal Reserve System.</text></paragraph> <paragraph commented="no" id="H61B96C6D35CF4C7AAC00A2E84601A6AE"><enum>(7)</enum><header>Regulation, rule, regulatory action</header><text>The terms <term>regulation</term>, <term>rule</term>, and <term>regulatory action</term>—</text> <subparagraph commented="no" id="HE2CEDC3FA68F4B89A3211428190847B1"><enum>(A)</enum><text>mean an agency statement of general applicability and future effect, or any amendments or modifications thereto, which the Council believes to have the force and effect of law, that is designed to implement, interpret, or prescribe law or policy or to describe the procedure or practice requirements of an agency; and</text></subparagraph> <subparagraph commented="no" id="HE4365C5B175E4924AAC6504934BCD2D"><enum>(B)</enum><text>do not include—</text> <clause commented="no" id="H8D5445C4E39348C49FECDE001039D1FE"><enum>(i)</enum><text>regulations or rules that are limited to agency organization, management, or personnel matters, unless expressly provided otherwise in this title;</text></clause> <clause commented="no" id="HE25EC79873B84019B824690006838DCF"><enum>(ii)</enum><text>any rule, regulation, or order issued by the Board relating to the monetary policy functions of the Board; or</text></clause> <clause commented="no" id="HE080890E029B42F100ECE59498DC30CA"><enum>(iii)</enum><text>any other category of regulations exempted at the discretion of the Council.</text></clause></subparagraph></paragraph> <paragraph id="H4BDDDD4E347F4D8489FDF18FC0AF00A2"><enum>(8)</enum><header>Systemic risk</header><text>The term <quote>systemic risk</quote> means the risk that a product or activity that is financial in nature, or that a default by a financial institution, will produce failures of, or significant losses to, other financial institutions, resulting in substantial increases in the cost of capital or substantial decreases in the availability of capital, or substantial financial market price volatility.</text></paragraph></section> <subtitle id="H4A68BA18FA224803A4C1E9DF7A0ED3B"><enum>A</enum><header>Financial Stability Council</header> <section id="H575C08705DD64F5EB26923685C6F3BB9"><enum>111.</enum><header>Establishment and structure</header> <subsection id="HF6782653B87F4C7AAE2B7F11D8C0B05D"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">There is established the Financial Stability Council, which shall be an independent establishment, as that term is defined in section 104 of title 5, United States Code.</text></subsection> <subsection id="H828D27EC231A4526B085A516FB5899C8"><enum>(b)</enum><header>Chairperson</header><text display-inline="yes-display-inline">The Council shall be headed by a Chairperson, who shall be appointed by the President, by and with the advice and consent of the Senate, from among individuals having expertise in the financial services industry.</text></subsection> <subsection id="H1AD020C8D88E45D3B22B4692479C5FF2"><enum>(c)</enum><header>Prohibition on dual service</header><text display-inline="yes-display-inline">The individual serving in the position of Chairperson may not, during such service, also serve as the head of any Federal financial regulator.</text></subsection> <subsection id="H6210C768CA7D4E65AAAA1DDFC8EB1894"><enum>(d)</enum><header>Membership</header><text>The members of the Council shall be—</text> <paragraph id="HC6E4F91FCB8048FB81B5A4A4B4048B00"><enum>(1)</enum><text>the Chairperson;</text></paragraph> <paragraph id="HCC13AC71B88B4A8A8F1F3B5DB7F59563"><enum>(2)</enum><text>the Secretary of the Treasury;</text></paragraph> <paragraph id="HCF31EFA14976423D86DB3CB3D938C310"><enum>(3)</enum><text>the Chairman of the Board of Governors of the Federal Reserve System;</text></paragraph> <paragraph id="H68A10E35C70243A7ADA240A74FDABB22"><enum>(4)</enum><text>the Chairperson of the Board of Directors of the Federal Deposit Insurance Corporation;</text></paragraph> <paragraph id="H61E9CBA373254C2F906D68C398131900"><enum>(5)</enum><text>the Chairman of the National Credit Union Administration;</text></paragraph> <paragraph commented="no" id="H705154D3326044AAA3B2AA01000C353"><enum>(6)</enum><text>the Chairman of the Securities and Exchange Commission; and</text></paragraph> <paragraph commented="no" display-inline="no-display-inline" id="HAD071DABD1C944C0A04340D4001ECBDA"><enum>(7)</enum><text>the Chairman of the Commodity Futures Trading Commission.</text></paragraph></subsection></section> <section id="H8F56833597A54A66887C99273B459460"><enum>112.</enum><header>Duties and authority of the Chairperson</header> <subsection id="HC482B90918AA4D759103C083D4AD2204"><enum>(a)</enum><header>Duties</header><text display-inline="yes-display-inline">The Chairperson—</text> <paragraph id="H75183B79AF374CD4A7BB48DA48D8AB2D"><enum>(1)</enum><text display-inline="yes-display-inline">shall—</text> <subparagraph id="H13DCB4D99ED845A28B00C07965584D7F"><enum>(A)</enum><text display-inline="yes-display-inline">serve as the principal advisor to the President on matters related to oversight, monitoring, and prevention of systemic risk affecting the financial system of the United States;</text></subparagraph> <subparagraph commented="no" id="H32559A44193744F7905C99DFECA8F69"><enum>(B)</enum><text>review all potential rules, regulations, and regulatory actions of the Federal financial regulators (before such rule or regulation is proposed), to determine those which relate to systemic risk affecting the financial system of the United States, and shall therefore be subject to review by the Council under this title;</text></subparagraph> <subparagraph id="HA26292367DB24C04A1F67FD44FFC65F5"><enum>(C)</enum><text>oversee and direct systemic risk regulatory policy concerning the financial system of the United States, including by identifying any absence in regulatory authority among the Federal financial regulators that may contribute to such risk;</text></subparagraph> <subparagraph id="H3B5491E9863B4EAC8D05E5AB3BF1D631"><enum>(D)</enum><text>convene meetings of the Council at least quarterly, and more often, as the Chairperson determines necessary;</text></subparagraph> <subparagraph id="H8AEA8077DD00464DBA691BCE9542005B"><enum>(E)</enum><text>set the agenda for meetings of the Council;</text></subparagraph> <subparagraph id="H70E6B04DF4BE4301B1023F706048DFB6"><enum>(F)</enum><text>manage and oversee the staff of the Council; and</text></subparagraph> <subparagraph id="H4755432493D446DEB5E614FDF6EE6C9B"><enum>(G)</enum><text>make recommendations for action by the Council on matters relating to monitoring and preventing systemic risk to the financial system of the United States, and for regulating the financial system of the United States to prevent such risk; and</text></subparagraph></paragraph> <paragraph id="H6DD9CEFC86764835B0FF6D9EE1631234"><enum>(2)</enum><text>may review existing rules, regulations, and regulatory actions of the Federal financial regulators and recommend to the Council any revisions or repeals thereof for the purpose of monitoring and preventing systemic risk to the financial system of the United States.</text></paragraph></subsection> <subsection id="HD58469DCAD2F44AA00C53203592DBD"><enum>(b)</enum><header>Agency cooperation</header> <paragraph id="H979EA2C6E19642E3B02D82121480515B"><enum>(1)</enum><header>In general</header><text>The Chairperson shall have access to, and may require the production of, any data or information from the Federal financial regulators, as necessary—</text> <subparagraph id="H444A4842AC8D4107B55DF64BFC95CA88"><enum>(A)</enum><text>to monitor areas of potential systemic risk in the financial system of the United States;</text></subparagraph> <subparagraph id="H96F3DC4BBC89411483713E2926F4CE78"><enum>(B)</enum><text>to monitor and coordinate the actions of the Federal financial regulators; or</text></subparagraph> <subparagraph id="HD0EB4CF44A834A25940593EB57FF2655"><enum>(C)</enum><text>to carry out any of the provisions of this title.</text></subparagraph></paragraph> <paragraph id="H4C0373F26F114B95B254F4236F160000"><enum>(2)</enum><header>Submissions by regulators</header><text>Any Federal financial regulator in possession of data or information relevant to preventing systemic risk to the financial system of the United States shall provide that information to the Chairperson in a timely manner.</text></paragraph> <paragraph id="H7DF2BDEFC7FA4047A4E6C47033195E91"><enum>(3)</enum><header>Financial Data Collection</header><text>If the Chairperson determines that it is necessary to carry out any of the provisions of this title, the Chairperson may direct a Federal financial regulator, consistent with the authorities of such regulator, to require the production of any data or information from any entity regarding any product or activity that the Chairperson determines may be a product or activity that is financial in nature.</text></paragraph></subsection> <subsection id="HC242FC96DEE1481FBFA66F804FABB517"><enum>(c)</enum><header>Insurance information</header><text>To carry out this title, the Chairperson may request—</text> <paragraph id="HFE5E05F305994EB08CA400984F6B00F4"><enum>(1)</enum><text>data and information from States regarding the solvency of State regulated insurers and affiliates thereof; and</text></paragraph> <paragraph id="HF4E49FCFD6E3485897C0B623151E3315"><enum>(2)</enum><text>data and information from such insurers and affiliates regarding any product or activity that the Council determines may be a product or activity that is financial in nature.</text></paragraph></subsection> <subsection id="H6B0AEBB0C2034CDD8B92A7D9DEA900AA"><enum>(d)</enum><header>Budget recommendations</header><text>With respect to budget requests and appropriations for the Federal financial regulators, the Chairperson shall, based on economic priorities established by the President, provide to the heads of the Federal financial regulators guidance for developing the budget of each such regulator pertaining to the activities of such regulator that are deemed by the Chairperson as relating to or affecting systemic risk to the financial system of the United States.</text></subsection> <subsection id="H69F49E63948045DD87DC2C31B800A6E5"><enum>(e)</enum><header>Reports to the President and the Congress</header><text>Not later than 6 months after the date of the enactment of this Act, and biannually thereafter, the Chairperson shall provide a report to the President and the Congress on—</text> <paragraph id="HF16A4ADA85524F3FB41F436151B85200"><enum>(1)</enum><text>the state of the financial system of the United States;</text></paragraph> <paragraph id="H1134D7E82D414134AFC9BE9D614FCC43"><enum>(2)</enum><text>areas in which the Chairperson anticipates systemic risk to the financial system of the United States; and</text></paragraph> <paragraph id="H70475A1251FD496E00FEEB273FE9786D"><enum>(3)</enum><text>areas for which the Council or a Federal financial regulator needs legislative authority to fulfill its mission of preventing such systemic risks.</text></paragraph></subsection> <subsection commented="no" id="H15C8D907AA8047069E7DB33F3508300"><enum>(f)</enum><header>Consultation with Foreign Governments</header><text>Under the direction of the President, and in a manner consistent with section 207 of the Foreign Service Act of 1980 (22 U.S.C. 3927), the Chairperson, in consultation with the Council, shall regularly consult with the financial regulatory entities and other appropriate organizations of foreign governments or international organizations on matters relating to systemic risk to the international financial system.</text></subsection></section> <section id="H30AC959C3E824C21BAC47D9F14726835"><enum>113.</enum><header>Duties and authority of the Council</header> <subsection commented="no" display-inline="no-display-inline" id="H57D028DA14064F819530EA736537FB29"><enum>(a)</enum><header>In general</header><text>The Council shall—</text> <paragraph id="H46185FD3316946E68411BB09AEDDD307"><enum>(1)</enum><text>review, and approve or prohibit issuance of, or require modification of, any rule or regulation of any Federal financial regulator identified by the Chairperson for such review under section 112;</text></paragraph> <paragraph id="HBED130256610439ABDB435867CA99E59"><enum>(2)</enum><text>require each Federal financial regulator to issue or revise its rules and regulations in conformance with the determination of the Council;</text></paragraph> <paragraph id="H0A99A6C4F8EE400D8C2DB98DA69EA1B9"><enum>(3)</enum><text>review new financial products and services and recommend regulations for such products and services to the appropriate Federal financial regulator; and</text></paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H6E3810C1DA4B4074A531B5E3A2535696"><enum>(4)</enum><text>direct each Federal financial regulator to impose appropriate solvency requirements, including capital requirements and long-term debt ratios on any financial institution within its jurisdiction, as the Council deems necessary to prevent systemic risk to the financial system of the United States.</text></paragraph></subsection> <subsection id="H70057C4474AB4CF88D8035AD8DC9D2CC"><enum>(b)</enum><header>Insurance industry authority</header><text display-inline="yes-display-inline">The Council may exercise any of the authorities described in subsections (a) and (d) with respect to products and activities that are financial in nature that are carried out by insurers and affiliates thereof, if the Council determines that such products or activities pose a systemic risk to the financial system of the United States.</text></subsection> <subsection id="H6F2E49ED4A2E4AED98CC5692E8FF2133"><enum>(c)</enum><header>Other authority</header> <paragraph id="H0064F055D2FC48E4A20029BA49F41700"><enum>(1)</enum><header>Hearings</header><text>The Council may, for the purpose of carrying out this title—</text> <subparagraph id="H0661CF86851D417D832EC6E7FE1605C2"><enum>(A)</enum><text>hold such hearings, sit and act at such times and places, take such testimony, receive such evidence, administer such oaths; and</text></subparagraph> <subparagraph id="H5148E7469CB34368B2DC3BD25491FF16"><enum>(B)</enum><text>require, by subpoena or otherwise, the production of such books, records, correspondence, memoranda, papers, documents, tapes, and materials as the Council considers advisable.</text></subparagraph></paragraph> <paragraph id="H49EDE1D7A84244E599309DA4A9F28C39"><enum>(2)</enum><header>Issuance and enforcement of subpoenas</header> <subparagraph id="H226CB874EA154B97A167504391CDB134"><enum>(A)</enum><header>Issuance</header><text>Subpoenas issued pursuant to paragraph (1) shall bear the signature of the Chairperson and shall be served by any person or class of persons designated by the Chairperson for that purpose.</text></subparagraph> <subparagraph id="H61E17038BD4E4E1E9E50D6BAADF92117"><enum>(B)</enum><header>Enforcement</header><text>In the case of contumacy or failure to obey a subpoena issued under paragraph (1), the subpoena shall be enforceable by order of any appropriate district court of the United States. Any failure to obey the order of the court may be punished by the court as a contempt of that court.</text></subparagraph></paragraph></subsection> <subsection commented="no" display-inline="no-display-inline" id="H91B794CBCE6D47DC9310AF5ED2E586B2"><enum>(d)</enum><header>Authority of the council To issue regulations</header><text display-inline="yes-display-inline">For any product or activity that is financial in nature and that is not otherwise within the jurisdiction or authority of a Federal financial regulator, the Council may issue and enforce regulations designed to prevent such product or activity from creating systemic risk to the financial system of the United States, in accordance with applicable provisions of title 5, United States Code.</text></subsection> <subsection commented="no" display-inline="no-display-inline" id="H050D6FE124B045C597388C9BC7E7FDE4"><enum>(e)</enum><header>Actions of the Council</header><text display-inline="yes-display-inline">All determinations and actions of the Council with respect to its duties and authority under this section shall be subject to a majority vote of a quorum of the Council.</text></subsection> <subsection commented="no" display-inline="no-display-inline" id="HC492E06ED0E745CCAAB352DC227DB1B5"><enum>(f)</enum><header>Quorum</header><text>Three members of the Council, including the Chairperson, shall constitute a quorum for the transaction of business.</text></subsection></section> <section id="HCF7B08BFE17B4721007E6786DED41D98"><enum>114.</enum><header>Judicial review</header><text display-inline="no-display-inline">Nothing in this title affects any otherwise available judicial review of agency action or creates any right or benefit, substantive or procedural, enforceable at law or equity by a party against the United States, its agencies or instrumentalities, its officers or employees, or any other person.</text></section> <section id="HD58863211D5141F6A15DF48961E0DC00"><enum>115.</enum><header>Civil penalties</header> <subsection id="H647C55F540F64DB38D09981487006831"><enum>(a)</enum><header>In general</header><text>Any person who violates this title or fails to comply with a rule, regulation, or order of the Council issued under this title shall be subject to a civil penalty in an amount established by the Council and published under subsection (b). Each such violation or failure shall constitute a separate civil offense.</text></subsection> <subsection id="H2CD628AE38A14430B2435015D0B9B4E8"><enum>(b)</enum><header>Publication</header><text>The Council shall annually prescribe and publish in the Federal Register a schedule of the maximum authorized civil penalty for any violation of this title or any regulatory action of the Council under this title.</text></subsection></section> <section id="H823C6CDE9B324EA285111F47372CFB06"><enum>116.</enum><header>Precedence of council actions</header><text display-inline="no-display-inline">To the extent that any regulatory action of the Council presents a conflict with any regulatory action of a Federal financial regulator, the regulatory action of the Council shall take precedence, except as otherwise expressly provided by law.</text></section> <section id="H6E2542CF781246FBAD7EF650A0C7F77"><enum>117.</enum><header>Conflicting provisions terminated</header><text display-inline="no-display-inline">Executive Order Number 12631, issued by the President on March 18, 1988, may not be enforced on or after the date of the enactment of this Act.</text></section> <section commented="no" display-inline="no-display-inline" id="H3466811724AE49618015B9E01DA6C76E" section-type="subsequent-section"><enum>118.</enum><header>Reporting and recordkeeping for positions involving credit-default swaps</header> <subsection commented="no" display-inline="no-display-inline" id="HD09362D7C4634289BCD9D41EF7F30084"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Section 2(h) of the Commodity Exchange Act (7 U.S.C. 2(h)) is amended by adding at the end the following:</text> <quoted-block display-inline="no-display-inline" id="HA958D10D88BC434FBCBD61863939FD72" style="OLC"> <paragraph commented="no" display-inline="no-display-inline" id="HB0C72E9463514724B1B33818590367C2"><enum>(8)</enum><header>Reporting and recordkeeping for positions involving credit-default swaps</header> <subparagraph commented="no" display-inline="no-display-inline" id="HA4041A8FD2774EA59B3FE9D7716C435C"><enum>(A)</enum><header>Definitions</header><text display-inline="yes-display-inline">In this paragraph:</text> <clause commented="no" display-inline="no-display-inline" id="H0A462961A63A47B7B4DAB43FBD3603E"><enum>(i)</enum><header>Credit-default swap</header><text>The term <term>credit-default swap</term> means a bilateral derivative contract that transfers, in exchange for 1 or more lump-sum or other payments, from 1 party to another, the risk that an entity, regardless of whether owned by the buyer of the protection, may experience a loss of value from a credit event such as a default, credit downgrade, or other contractually agreed-upon adverse event.</text></clause> <clause commented="no" display-inline="no-display-inline" id="HA8AAAB736401404700783FDD9297A151"><enum>(ii)</enum><header>Credit-default swap trading clearinghouse</header><text>The term <term>credit-default swap trading clearinghouse</term> means an approved centralized clearinghouse for credit-default swap trading that is designated by the Securities and Exchange Commission, in consultation with the Commodity Futures Trading Commission and the Chairman of the Board of Governors of the Federal Reserve System.</text></clause> <clause commented="no" display-inline="no-display-inline" id="HDE8AD7F418D84A86A347BF00C525589F"><enum>(iii)</enum><header>Reportable contract</header><text display-inline="yes-display-inline">The term <term>reportable contract</term> means a contract, agreement, or transaction involving a credit-default swap, executed through a credit-default swap trading clearinghouse.</text></clause></subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="H1E11E0EC5EC74BFAB86FC65E4346DA97"><enum>(B)</enum><header>Use of credit-default swap trading clearinghouses</header><text>Each credit-default swap trading clearinghouse—</text> <clause id="H5E66B405616247CFBA4F6F2322BDE300"><enum>(i)</enum><text>shall be subject to regulation by the Commission;</text></clause> <clause id="H0678B5967C674CA3989858178260F000"><enum>(ii)</enum><text>shall be capitalized by participants in the credit-default swap trading clearinghouse at a level that is sufficient to guarantee payment for trading in credit-default swaps; and</text></clause> <clause id="HDE009630DDB94DA8B133A353A47627D"><enum>(iii)</enum><text>may assess participants in the credit-default swap trading clearinghouse in an amount necessary to maintain a default fund for the credit-default swap trading clearinghouse.</text></clause></subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="H1DF0F74CC9D440289200004B661403B5"><enum>(C)</enum><header>Recordkeeping</header><text display-inline="yes-display-inline">The Commission, by rule, shall require any person holding, maintaining, or controlling any position in any reportable contract under this paragraph—</text> <clause commented="no" display-inline="no-display-inline" id="H962902D8CD8F453988817600CA96832E"><enum>(i)</enum><text display-inline="yes-display-inline">to maintain such records as directed by the Commission for a period of 5 years, or longer, if directed by the Commission; and</text></clause> <clause commented="no" display-inline="no-display-inline" id="H1CC3A04831EB4611968B33E31CE9B4CD"><enum>(ii)</enum><text display-inline="yes-display-inline">to provide such records upon request to the Commission, the Department of Justice, the Securities and Exchange Commission, or the Federal Reserve System, as applicable.</text></clause></subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="HEEE8EA8A4B914470B673686470BF3BBE"><enum>(D)</enum><header>Reporting of positions involving credit-default swaps</header><text display-inline="yes-display-inline">The Commission shall prescribe rules requiring such regular or continuous reporting of positions in reportable contracts in accordance with such requirements regarding size limits for reportable positions and the form, timing, and manner of filing such reports under this paragraph, as the Commission shall determine.</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection> <subsection commented="no" display-inline="no-display-inline" id="HFAA0F87B45E5496C8DE056ED6253013B"><enum>(b)</enum><header>Conforming amendments</header><text display-inline="yes-display-inline">Section 4a(e) of the Commodity Exchange Act (7 U.S.C. 6a(e)) is amended—</text> <paragraph commented="no" display-inline="no-display-inline" id="H3518037B2B194D7E9B7C11570014AD1D"><enum>(1)</enum><text display-inline="yes-display-inline">in the first sentence—</text> <subparagraph commented="no" display-inline="no-display-inline" id="H05128BA96DE543B893983948DB067D0"><enum>(A)</enum><text display-inline="yes-display-inline">by inserting <quote>, by any credit-default swap trading clearinghouse (as defined in section 2(h)(8)(A)),</quote> after <quote>registered by the Commission</quote>; and</text></subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="H40A1DB9A87AD44E3B7093EF6CE177F10"><enum>(B)</enum><text display-inline="yes-display-inline">by inserting <quote>, credit-default swap trading clearinghouse,</quote> after <quote>derivatives transaction execution facility</quote>; and</text></subparagraph></paragraph> <paragraph commented="no" display-inline="no-display-inline" id="HC2F3B1075111433F8497F388DBBBF57"><enum>(2)</enum><text display-inline="yes-display-inline">in the second sentence, by inserting <quote>, by any credit-default swap trading clearinghouse (as defined in section 2(h)(8)(A)),</quote> after <quote>registered by the Commission</quote>.</text></paragraph></subsection></section> <section id="H6145D2BAFB3F4098B0543FAD911146DD"><enum>119.</enum><header>Federal Reserve Board authority over investment bank holding companies</header> <subsection id="H606FBF3693F44B73A888C1A4E5002BE6"><enum>(a)</enum><header>Regulation by the Board of Governors of the Federal Reserve System</header> <paragraph id="HEDF66E9044594AECB4054058D78C63F6"><enum>(1)</enum><header>Rulemaking required</header><text>Not later than 90 days after the date of the enactment of this Act, the Board shall issue final rules to provide for the examination of the safety and soundness of, and the extent of systemic risk to the financial system of the United States posed by, any investment bank holding company organized in or doing business in the United States.</text></paragraph> <paragraph id="H9992CE860B8940DCA80071F500CEBC7"><enum>(2)</enum><header>Information from investment bank holding companies</header><text>The rules of the Board under this section shall provide for reasonable reporting of information by each investment bank holding company, to the extent necessary to carry out the purposes of this section.</text></paragraph></subsection> <subsection id="HF4FE9DA27FE54AF8A1EE1DEBD83AAD0"><enum>(b)</enum><header>Rule of construction</header><text>Nothing in this section shall be construed as negating or preempting the authority of the Securities and Exchange Commission to exercise its authority over broker or dealer operations in accordance with applicable provisions of law.</text></subsection> <subsection id="H8F85F466CF5D4B0384089DADE6B61519"><enum>(c)</enum><header>Exchange of information on systemic risk</header><text>The Securities and Exchange Commission, the Commodity Futures Trading Commission, and other appropriate Federal regulatory agencies shall provide to the Board all relevant information, as directed by the Board, on the activities of investment bank holding companies with respect to the prevention of systemic risk to the financial system of the United States posed by such activities.</text></subsection> <subsection id="H0F5AF0F1D00D4AD3B46999CD0002FF4"><enum>(d)</enum><header>Enforcement provisions</header><text>Any violation of this section or the rules of the Board under this section shall be subject to the enforcement and penalty provisions of the Bank Holding Company Act of 1956, in the same manner and to the same extent as those provisions are applicable to violations of that Act by a bank holding company (as defined in that Act).</text></subsection> <subsection id="HF25D59A975B845D2993DDFAEDC522D71"><enum>(e)</enum><header>Authorization of appropriations</header><text>There are authorized to be appropriated to the Board such sums as may be necessary to carry out this section.</text></subsection> <subsection commented="no" display-inline="no-display-inline" id="H2239542500EA4F2CB168F2449CCAB008"><enum>(f)</enum><header display-inline="yes-display-inline">Definitions</header><text display-inline="yes-display-inline">For purposes of this section, the term <term>investment bank holding company</term> means—</text> <paragraph id="H15718E03B057436CB9AECD05AB5E953E"><enum>(1)</enum><text>any person other than a natural person that owns or controls 1 or more brokers or dealers (as those terms are defined in section 3 of the Securities Exchange Act of 1934 (15 U.S.C. 78c)); and</text></paragraph> <paragraph id="H002B487834BD433382C2DDA99E4EB0A1"><enum>(2)</enum><text>the associated persons thereof.</text></paragraph></subsection> <subsection id="HB85D65DC086547319D5BDD5E9CC74400"><enum>(g)</enum><header>Conforming amendments</header><text>The Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) is amended—</text> <paragraph id="HB77763A0CC82495FACCEE4B6C1B937F4"><enum>(1)</enum><text>in section 6(g)(4)(A)(iv) (15 U.S.C. 78f(g)(4)(A)(iv)), by striking <quote>and (k)</quote> and inserting <quote>and (i)</quote>;</text></paragraph> <paragraph id="HCA2AC274878D42169CB95C60F6E0D25D"><enum>(2)</enum><text>in section 15(b) (15 U.S.C. 78(o)(b))—</text> <subparagraph id="HEA62D7284A9F4A33BBB85FABF25047E6"><enum>(A)</enum><text>in paragraph (11)(B)(vi), by striking <quote>(h), and (i)</quote> and inserting <quote>and (h)</quote>; and</text></subparagraph> <subparagraph id="HA7A251922E944EE4AF190036E8F59420"><enum>(B)</enum><text>in paragraph (12)(B)(vi), by striking <quote>(h), and (i)</quote> and inserting <quote>and (h)</quote>;</text></subparagraph></paragraph> <paragraph id="HB67B2BDC3715405CB051DC8B64D6A4CA"><enum>(3)</enum><text>in section 15A(k)(4)(C) (15 U.S.C. 78o–3(k)(4)(C)), by striking <quote>and (k)</quote> and inserting <quote>and (i)</quote>; and</text></paragraph> <paragraph id="H4968549B034B4C4AB299DA993C7CF0F3"><enum>(4)</enum><text>in section 17 (15 U.S.C. 78q)—</text> <subparagraph id="H523ECA218C2446EB9830AFE46443CF62"><enum>(A)</enum><text>by striking subsections (i) and (j); and</text></subparagraph> <subparagraph id="HD5848C77CD0F40B78D9BBF1600DB4EC3"><enum>(B)</enum><text>by redesignating subsection (k) as subsection (i).</text></subparagraph></paragraph></subsection></section> <section id="H5BD6978EAFD247AD83B976E4A6AC1F5D"><enum>120.</enum><header>Regulations on clearinghouse operations and fraudulent, deceptive, and manipulative acts</header> <subsection id="H3CF3886F08AD42F68B30A21B5603AC6C"><enum>(a)</enum><header>Rulemaking required</header><text>Not later than 90 days after the date of the enactment of this Act, the Securities and Exchange Commission (in this section referred to as the <quote>Commission</quote>), in consultation with the Board and the Commodity Futures Trading Commission, shall issue final rules—</text> <paragraph id="H084D28F31A7A49C286463FD2E3AA093F"><enum>(1)</enum><text>to designate clearinghouses for credit-default swaps; and</text></paragraph> <paragraph id="H8B4408245D8A426682EE6CC9D889620"><enum>(2)</enum><text>to prohibit fraudulent, deceptive, or manipulative acts or practices in connection with credit-default swaps.</text></paragraph></subsection> <subsection id="H8F01403470DF4C3BB7ADBF442DE27693"><enum>(b)</enum><header>Criteria</header><text>Rules of the Commission under this section shall require that clearinghouses—</text> <paragraph id="H8CA8F09F5A1042CFA5AE7C2DB78582A5"><enum>(1)</enum><text>are capitalized by participants to a level adequate to guarantee payments; and</text></paragraph> <paragraph id="HC58F986B6C6C46B7BB06771D1E576FA"><enum>(2)</enum><text>are authorized to assess members for a default fund.</text></paragraph></subsection> <subsection commented="no" display-inline="no-display-inline" id="H18332117257042BD94D15C00BE6D8648"><enum>(c)</enum><header>Required use of clearinghouses</header><text>Any person that engages in a credit-default swap transaction shall utilize a clearinghouse designated by the Commission for such purpose in accordance with the rules issued under subsection (a).</text></subsection></section></subtitle> <subtitle id="HDF86E001DFE745F99119250000A16BF5"><enum>B</enum><header>Administrative provisions</header> <section commented="no" id="HC621B5765C584BEA9FAC704183161BDE"><enum>151.</enum><header>Annual budget</header><text display-inline="no-display-inline">The Chairperson shall develop for each fiscal year a consolidated budget proposal for the Council to implement this title, and shall transmit such budget proposal to the President and the Congress.</text></section> <section commented="no" id="HFBB92396D1A3483BB33C134FBD080000"><enum>152.</enum><header>Personnel matters</header> <subsection commented="no" id="H9B1E13234FEE41AC904BA9452B64D0CA"><enum>(a)</enum><header>Council staff</header> <paragraph commented="no" id="H555437C2687445CBBDD29934D9281C8"><enum>(1)</enum><header>In general</header><text>The Chairperson may appoint and terminate such personnel as may be necessary to enable to the Council to perform its duties. The Chairperson may establish positions in the excepted service for employees of the Council.</text></paragraph> <paragraph commented="no" id="HE1B5ADFF8918455DB89B50D5D8000163"><enum>(2)</enum><header>Compensation</header><text>The Chairperson may fix the compensation of Council personnel without regard to the provisions of chapter 51 and subchapter III of chapter 53 of title 5, United States Code, relating to classification of positions and General Schedule pay rates, except that the rate of pay for such personnel may not exceed the rate payable for level V of the Executive Schedule under section 5316 of such title.</text></paragraph> <paragraph commented="no" id="H272C197FEC564C978BBB2ED5A64E20A2"><enum>(3)</enum><header>Other personnel authorities</header><text>The Chairperson may exercise any personnel authority of any of the Federal financial regulators for the purposes of recruiting, hiring, or retention of Council personnel.</text></paragraph></subsection> <subsection commented="no" id="HF233C4FE432C4E5100013CD455419F87"><enum>(b)</enum><header>Detail of Government employees</header><text>Any Federal Government employee may be detailed to the Council without reimbursement, and such detail shall be without interruption or loss of civil service status or privilege.</text></subsection> <subsection commented="no" id="H40CA959F76484D36BA7E61C87B09D3F3"><enum>(c)</enum><header>Procurement of temporary and intermittent services</header><text>The Chairperson may procure temporary and intermittent services under section 3109(b) of title 5, United States Code, at rates for individuals that do not exceed the daily equivalent of the annual rate of basic pay prescribed for level V of the Executive Schedule under section 5316 of such title.</text></subsection></section> <section commented="no" id="HE5589BB3D7954D2B8997B6364546FF21"><enum>153.</enum><header>Personnel programs and policies</header> <subsection id="H2B5D7814FAF94AB8949BAE53700D390"><enum>(a)</enum><header>In general</header><text>The Chairperson shall prescribe, in consultation with the heads of the Federal financial regulators, personnel policies and programs applicable to the Council and the Federal financial regulators that</text> <paragraph id="H8829235903B542A49D6F5ED677668D00"><enum>(1)</enum><text>set standards for education, training, and career development of personnel;</text></paragraph> <paragraph id="HB5762EABCCF34A3EBCDF33F27735B447"><enum>(2)</enum><text>encourage and facilitate the recruitment and retention by the Council and the Federal financial regulators of highly qualified individuals for the effective conduct of their responsibilities; and</text></paragraph> <paragraph id="HFAC2C14120FB4FB1B8DA92C80121E0F7"><enum>(3)</enum><text>the Chairperson shall prescribe mechanisms to facilitate the rotation of personnel of the Federal financial regulators through various components and departments of the Federal financial regulators in the course of their careers in order to facilitate the widest possible understanding by such personnel of the variety of financial regulation, methods, users, and capabilities.</text></paragraph></subsection> <subsection id="H68A07B291BC5441195D9DBECED098DB"><enum>(b)</enum><header>Mechanisms authorized</header><text>The mechanisms prescribed under subparagraph (A) may include, among others—</text> <paragraph id="H31FAAC558A894929BDAF20640016DED8"><enum>(1)</enum><text>the establishment of special occupational categories involving service, over the course of a career, in more than 1 Federal financial regulator;</text></paragraph> <paragraph id="HC6EDCADACE9E486FA89499F772CB6B2"><enum>(2)</enum><text>the provision of rewards for service in positions undertaking analysis and planning of operations involving 2 or more Federal financial regulators; and</text></paragraph> <paragraph id="HB47FF922989D4AA5ACE627DBCADC076B"><enum>(3)</enum><text>the establishment of requirements for education, training, service, and evaluation for service involving more than 1 Federal financial regulator.</text></paragraph></subsection></section> <section commented="no" id="H9604823E3EC84AB3A88C5CBC857E092E"><enum>154.</enum><header>Executive schedule matters</header><text display-inline="no-display-inline">Section 5312 of title 5, United States Code, is amended by adding at the end the following new item:</text> <quoted-block display-inline="no-display-inline" id="HD20587BA24F94428B57B2091A477091F" style="OLC"> <paragraph commented="no" id="H3B3AFEEB51094C159958A965E2C1D471"><enum></enum><text>Chairperson of the Financial Stability Council.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></section> <section id="HB05299E27F8B40908D00350000F0B94D"><enum>155.</enum><header>Transitional authorities</header><text display-inline="no-display-inline">Upon request of the Chairperson, the head of any executive agency may, on a reimbursable basis, provide services or detail personnel to the Chairperson or the Council.</text></section> <section commented="no" id="HDD5AB4F5DBA14027ADC3C3CB31F9693"><enum>156.</enum><header>Prohibition on political campaigning</header><text display-inline="no-display-inline">The Chairperson may not participate in Federal election campaign activities, except that the Chairperson is not prohibited by this subsection from making contributions to individual candidates.</text></section> <section commented="no" id="HBC70EA2E089849B189B1B2795D8D065"><enum>157.</enum><header>Authorization of appropriations</header><text display-inline="no-display-inline">There are authorized to be appropriated to the Council, such sums as may be necessary to carry out this title, to remain available until expended.</text></section> <section commented="no" id="HEAC761DC777C4A78A2BDAFCAA4487B95"><enum>158.</enum><header>Savings provision</header><text display-inline="no-display-inline">Nothing in this title shall be construed to invalidate, impair, or supersede any law enacted by any State for the purpose of regulating the business of insurance, or which imposes a fee or tax upon such business.</text></section></subtitle> <enum>II</enum><header>Abolishment and transfer of functions of the Office of Thrift Supervision</header> <section id="H7199592656E24F4FAF08D9CAF0A7AC50"><enum>201.</enum><header>Definitions</header><text display-inline="no-display-inline">In this title—</text> <paragraph id="H684CCC217E2341978BBD04588CF2857F"><enum>(1)</enum><text display-inline="yes-display-inline">the term <term>Comptroller</term> means the Comptroller of the Currency;</text></paragraph> <paragraph id="H011F04964DE345FFB8854FD7ACA3448D"><enum>(2)</enum><text>the term <term>Director</term> means the Director of the Office of Thrift Supervision;</text></paragraph> <paragraph id="HE728C01FCD144215BD8C23D4FD48D814"><enum>(3)</enum><text>the term <term>Office</term> (other than as used in connection with the Office of the Comptroller of the Currency) means the Office of Thrift Supervision; and</text></paragraph> <paragraph id="HF6706BA3F462465AB0FF6F91915A413"><enum>(4)</enum><text>the term <term>transition period</term> means the 180-day period described in section 204(a).</text></paragraph></section> <section id="HCB9DE163D57A440A00904F10112CD900"><enum>202.</enum><header>Transfer of powers of the Director of the Office of Thrift Supervision</header><text display-inline="no-display-inline">The Comptroller shall have all powers that were vested in the Director on the day before the effective date under section 203.</text></section> <section id="HA7BCA6EFB9E74D5C992BB058B5FB14E"><enum>203.</enum><header>Abolishment of the Office of Thrift Supervision</header><text display-inline="no-display-inline">Effective at the end of the transition period, the Office established under section 3 of the Home Owners' Loan Act (12 U.S.C. 1462a) and the position of Director are abolished.</text></section> <section id="H4E8ACFCDFD924B7B9B28DFB78F813BDF"><enum>204.</enum><header>Transition period</header> <subsection id="H465557A54978439F9D24D74D2527BD58"><enum>(a)</enum><header>Disposition of affairs</header><text>During the 180-day period beginning on the date of the enactment of this Act, the Director—</text> <paragraph id="H9B886FA75EBB42BCBD5C085430236327"><enum>(1)</enum><text>shall, solely for the purpose of winding up the affairs of the Office—</text> <subparagraph id="H60D17DC83802468793FF3218DB514EB"><enum>(A)</enum><text>manage the employees of the Office and provide for the payment of compensation and benefits of any such employees that accrue before the effective date of the transfer of such employee under section 207; and</text></subparagraph> <subparagraph id="H54EB577D7A194312A81F17A18A8005B"><enum>(B)</enum><text>manage any property of the Office until such property is transferred under section 207; and</text></subparagraph></paragraph> <paragraph id="H3F616AA0515B46BCB57C69EB85B09C1"><enum>(2)</enum><text>may take any other action necessary for the purpose of winding up the affairs of the Office.</text></paragraph></subsection> <subsection id="H209170C7855543029C7E546918D2E920"><enum>(b)</enum><header>Authority and status of Director</header> <paragraph id="HC6277043F90C4E82BC213761FCE373EE"><enum>(1)</enum><header>In general</header><text>Notwithstanding the abolishment of the Office under section 203, the Director shall have any authority vested in the Director before the effective date of such abolishment that is necessary for the Director to carry out the requirements of this section during the transition period.</text></paragraph> <paragraph id="HE3EF4C607CA04EAE8ED74E9869FE28AB"><enum>(2)</enum><header>Other provisions</header><text>For purposes of paragraph (1), the Director shall continue to be—</text> <subparagraph id="HAB79B287D1264CF7928CC3AEF0001FDB"><enum>(A)</enum><text>treated as an officer of the United States during the transition period; and</text></subparagraph> <subparagraph id="H1D0CC0D378CC488296BB24E54FB7E3A"><enum>(B)</enum><text>entitled to compensation at the annual rate of basic pay payable for level III of the Executive Schedule.</text></subparagraph></paragraph></subsection> <subsection id="H7113623340C44416B85920A0CCDD4D1"><enum>(c)</enum><header>Status of employees before transfer</header> <paragraph id="H4196BCEE736446DEBDFDFBF2E711A369"><enum>(1)</enum><header>Employees of Office</header><text>Any employee of the Office shall be treated as an employee of the Office of the Comptroller of the Currency on and after the effective date under section 203.</text></paragraph> <paragraph id="H8B1C9519B12C4E8F99F36B318D601590"><enum>(2)</enum><header>Rule of construction</header><text>The abolishment of the Office under section 203 shall not be construed as affecting the status of any employee of the Office as an employee of an agency of the United States for purposes of any other provision of law in effect before the effective date of the transfer of any such employee under section 207.</text></paragraph></subsection> <subsection id="HDBA6A03922CF4A4A00E500003889A679"><enum>(d)</enum><header>Continuation of services</header> <paragraph id="H8810D42D72474433B4D196158047C268"><enum>(1)</enum><header>In general</header><text>The Comptroller may use the services of employees and other personnel and the property of the Office, on a reimbursable basis, to perform functions which have been transferred to the Office of the Comptroller of the Currency for such time as is reasonable to facilitate the orderly transfer of functions under any provision of this title.</text></paragraph> <paragraph id="HE7110ED2BAD04B6C84C65485D300D369"><enum>(2)</enum><header>Agency services</header><text>Any agency, department, or other instrumentality of the United States (including any Federal home loan bank), and any successor to any such agency, department, or instrumentality, which was providing supporting services to the Office before the date of the enactment of this Act in connection with functions that are transferred to the Office the Comptroller of the Currency shall—</text> <subparagraph id="H648D2299FA7B4101A4B273EB63A9F924"><enum>(A)</enum><text>continue to provide such services, on a reimbursable basis, until the transfer of such functions is complete; and</text></subparagraph> <subparagraph id="H06472DFC3A6341B58FBEF37F633D5C41"><enum>(B)</enum><text>consult with any such agency to coordinate and facilitate a prompt and reasonable transition.</text></subparagraph></paragraph></subsection></section> <section id="HE7D282DA5D7A4DA7BEDC68B69E88006E"><enum>205.</enum><header>Savings provisions</header> <subsection id="HBD55B92D715A4A26A24B6954AA44FA29"><enum>(a)</enum><header>Existing rights, duties, and obligations not affected</header><text>The abolishment of the Office under this title shall not affect the validity of any right, duty, or obligation of the United States, the Office, or any other person, that existed on the day before the date of the enactment of this Act.</text></subsection> <subsection id="H0F2A486637DA445E96A42818B64FAEF0"><enum>(b)</enum><header>Continuation of suits</header><text>No action or other proceeding commenced by or against the Office, or any Federal home loan bank with respect to any function of the Office that was delegated to employees of such bank, shall abate by reason of the enactment of this title, except that the appropriate successor to the interests of the Office shall be substituted for the Office or the Federal home loan bank as a party to any such action or proceeding.</text></subsection></section> <section id="H6F9829837270482689970174976FC4D6"><enum>206.</enum><header>Continuation of regulations</header> <subsection id="H94B3EF02783D4863B2C6F335EC78FF5"><enum>(a)</enum><header>Continuation of orders, resolutions, determinations, and regulations</header><text>All orders, resolutions, determinations, and regulations, which have been issued, made, prescribed, or allowed to become effective by the Director, or by a court of competent jurisdiction, in the performance of functions which are transferred by this title and are in effect on the effective date under section 203, shall continue in effect according to the terms of such orders, resolutions, determinations, and regulations and shall be enforceable by or against the Comptroller until modified, terminated, set aside, or superseded in accordance with applicable law by the Comptroller by any court of competent jurisdiction, or by operation of law.</text></subsection> <subsection commented="no" id="HF4C1145AEE8F42F9A74C1EE57E30F952"><enum>(b)</enum><header>Treatment of references in adjustable rate mortgage instruments</header> <paragraph commented="no" id="H61710EC6DFDE4739BC509CAF44BB51D8"><enum>(1)</enum><header>In general</header><text>For purposes of adjustable rate mortgage instruments that are in effect as of the date of the enactment of this Act, any reference in the instrument to the Office of Thrift Supervision before such date shall be treated as a reference to the Office of the Comptroller of the Currency, as appropriate on the basis of the transfer of functions under this title, unless the context of the reference requires otherwise.</text></paragraph> <paragraph commented="no" id="HD78A5065F9D04429B08F411FBB208986"><enum>(2)</enum><header>Substitution for indexes</header><text>If any index used to calculate the applicable interest rate on any adjustable rate mortgage instrument is no longer calculated and made available as a direct or indirect result of the enactment of this title, any index made available by the Comptroller or determined by the Comptroller to be substantially similar to the index that is no longer calculated or made available may be substituted by the holder of any such adjustable rate mortgage instrument upon notice to the borrower.</text></paragraph> <paragraph commented="no" id="HDAB0C6C6CF744B14B66CDEF2E7108F82"><enum>(3)</enum><header>Agency action required to provide continued availability of indexes</header><text>Promptly after the date of the enactment of this Act, the Comptroller shall take such action as may be necessary to assure that the indexes prepared by the Office immediately prior to the date of the enactment of this Act and used to calculate the interest rate on adjustable rate mortgage instruments continue to be available.</text></paragraph> <paragraph commented="no" id="H6F3A565A81BB4EC6950003D8052D003F"><enum>(4)</enum><header>Requirements relating to substitute indexes</header><text>If any agency can no longer make available an index, an index that is substantially similar to such index may be substituted for such index, if the Comptroller determines, after notice and opportunity for comment, that—</text> <subparagraph commented="no" id="HA12A6AEF792840018B4EFA8B36B488A0"><enum>(A)</enum><text>the new index is based upon data substantially similar to that of the original index; and</text></subparagraph> <subparagraph commented="no" id="H041BACE0462841C2B4DD9600FC2043AC"><enum>(B)</enum><text>the substitution of the new index will result in an interest rate substantially similar to the rate in effect at the time the original index became unavailable.</text></subparagraph></paragraph></subsection></section> <section id="HF8E95DEAECC541F1BFA5B4ED74E19F0"><enum>207.</enum><header>Transfer of functions, personnel, and property</header> <subsection id="H60A2B34E677B4634AE57E62CF554E6E7"><enum>(a)</enum><header>Determination of transferred functions and employees</header> <paragraph commented="no" id="H9137198F6DD34D58A2CE37B25F21A610"><enum>(1)</enum><header>All ots employees shall be transferred</header><text>All employees of the Office shall be transferred to the Office of the Comptroller of the Currency.</text></paragraph> <paragraph id="H4D42610B6DB84FA4BF5F052FD0524895"><enum>(2)</enum><header>Functions and employees transferred</header> <subparagraph id="H018A9F92B1324BC100A9069725D8BDA6"><enum>(A)</enum><header>In general</header><text>During the transition period, the Comptroller and the Director shall jointly determine the functions or activities of the Office and the number of employees necessary to perform or support each such function or activity transferred from the Office to the Office of the Comptroller of the Currency under this title.</text></subparagraph> <subparagraph id="HE28BF50F68E0420F86EAC519AA0696F6"><enum>(B)</enum><header>Allocation of employees</header><text>The Comptroller shall allocate the employees of the Office consistent with the number determined under subparagraph (A) in a manner which the Comptroller, in the sole discretion of the Comptroller, determines is equitable, except that, within work units, the preferences of individual employees shall be accommodated as far as possible.</text></subparagraph></paragraph></subsection> <subsection id="H891FB901DCE242D5B0005533FA6E35F4"><enum>(b)</enum><header>Rights of employees of OTS</header> <paragraph id="H78D9119D740E45F2BD89F3D600C2823E"><enum>(1)</enum><header>In general</header><text>All employees identified for transfer under subsection (a) shall—</text> <subparagraph id="H4EDD5E077CE8454082B922132EAFD0C3"><enum>(A)</enum><text>be transferred to the Office of the Comptroller of the Currency for employment no later than the end of the transition period, and such transfer shall be deemed a transfer of function for purposes of section 3503 of title 5, United States Code;</text></subparagraph> <subparagraph id="H2AD69243C338418AA158F988FF678E67"><enum>(B)</enum><text>be guaranteed a position with the same status, tenure, grade, and pay as that held on the day immediately preceding the transfer; and each such employee holding a permanent position shall not be involuntarily separated or reduced in grade or compensation for 1 year after the date of transfer, except for cause or, if the employee is a temporary employee, separated in accordance with the terms of the appointment; and</text></subparagraph> <subparagraph id="H8A492E43676E4D95A67C00BD652AAE5"><enum>(C)</enum><text>in the case of employees occupying positions in the excepted service or the Senior Executive Service, continue to be subject to any appointment authority established under law or regulations of the Office of Personnel Management for filling such positions, except that the Office of the Comptroller of the Currency may decline a transfer of authority (and the employees appointed pursuant thereto) to the extent that such authority relates to positions excepted from the competitive service because of their confidential, policy-making, policy-determining, or policy-advocating character, and noncareer positions in the Senior Executive Service (within the meaning of section 3132(a)(7) of title 5, United States Code).</text></subparagraph></paragraph> <paragraph id="HF61F133639F1411F94C0C6CD487C8702"><enum>(2)</enum><header>Major reorganization</header><text>If the Office of the Comptroller of the Currency determines, after the end of the 1-year period beginning on the date that the transfer of functions to the Office of the Comptroller of the Currency is complete, that a reorganization of the combined work force is required, that reorganization shall be deemed a <quote>major reorganization</quote> for purposes of affording affected employees retirement under section 8336(d)(2) or 8414(b)(1)(B) of title 5, United States Code.</text></paragraph> <paragraph id="H6EB8A14C177547EF8FD15CAF00B2CBE3"><enum>(3)</enum><header>Benefit programs</header> <subparagraph id="H8A82FCB53A5A4896A9F101E637FC9839"><enum>(A)</enum><header>In general</header><text>Any employee accepting employment with the Office of the Comptroller of the Currency as a result of a transfer under this section may retain for 1 year beginning on the date on which such transfer occurs membership in any employee benefit program of the Office of Thrift Supervision, including insurance, to which such employee belongs on the date of the enactment of this Act if the employee does not elect to give up the benefit or membership in the program and the benefit or program is continued by the Comptroller.</text></subparagraph> <subparagraph id="H432AD041E7DF4E408E9209C29312E6CD"><enum>(B)</enum><header>Cost differential</header><text>The difference in the costs between the benefits which would have been provided by such agency or entity and those provided by this subsection shall be paid by the Comptroller. If any employee elects to give up membership in a health insurance program or the health insurance program is not continued by the Comptroller, the employee shall be permitted to select an alternate Federal health insurance program within 30 days of such election or notice, without regard to any other regularly scheduled open season.</text></subparagraph></paragraph> <paragraph id="H81405BE505F94C3F95E6F780E7BAD400"><enum>(4)</enum><header>Senior executive service employees</header><text>A transferring employee in the Senior Executive Service shall be placed in a comparable position at the Office of the Comptroller of the Currency.</text></paragraph> <paragraph id="HF9A21A7A25604DD6820775C5298CB38E"><enum>(5)</enum><header>Notice of assignments</header><text>Transferring employees shall receive notice of their position assignments not later than 120 days after the effective date of their transfer.</text></paragraph></subsection> <subsection commented="no" display-inline="no-display-inline" id="H2135BEE7E8A24CF6B482D85CCA6201F5"><enum>(c)</enum><header display-inline="yes-display-inline">Control of property and facilities</header><text display-inline="yes-display-inline">Not later than the end of the transition period, the Comptroller shall take control of all property of the Office used to perform functions and activities of the Office.</text></subsection></section> <section id="HF1BD6ABC08D74D53B517874CC6052582"><enum>208.</enum><header>Conforming amendments to the Home Owners' Loan Act</header> <subsection id="HFE23F88C4E0845C7B5007EF016BF16E9"><enum>(a)</enum><header>Short title and table of contents</header><text>Section 1 of the Home Owners' Loan Act (12 U.S.C. 1461) is amended in the table of contents by striking the item relating to section 3 and inserting the following:</text> <quoted-block id="H597A1D65A421478F001E7017CA3BCF3F" style="OLC"> <toc> <toc-entry level="section">Sec. 3. Powers of the Comptroller relating to savings associations.</toc-entry></toc><after-quoted-block>.</after-quoted-block></quoted-block></subsection> <subsection id="HD3369FE1F2D84B1E8077A53F955F8251"><enum>(b)</enum><header>Definitions</header><text>Section 2 of the Home Owners' Loan Act (12 U.S.C. 1462) is amended—</text> <paragraph id="H646C44DAF2EC47968073B87A8CDE2CC"><enum>(1)</enum><text>by amending paragraph (1) to read as follows:</text> <quoted-block display-inline="no-display-inline" id="HF4D85BD25AD343188DEC446527CD8C91" style="OLC"> <paragraph id="HAC18D04DC6A2487D9BE44624EB547382"><enum>(1)</enum><header>Comptroller</header><text>The term <quote>Comptroller</quote> means the Comptroller of the Currency.</text></paragraph><after-quoted-block>; and</after-quoted-block></quoted-block></paragraph> <paragraph id="H3E4AD57D256B4007A080CFDA8942F7BB"><enum>(2)</enum><text>in paragraph (3), by striking <quote>Thrift Supervision</quote> and inserting <quote>the Comptroller of the Currency</quote>.</text></paragraph></subsection> <subsection id="H4DBAAD8D58EF405C917D75EB885455C0"><enum>(c)</enum><header>Director of the Office of Thrift Supervision</header><text>Section 3 of the Home Owners' Loan Act (12 U.S.C. 1462a) is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="HE497F194CC8146018050E0E93D6F242C" style="OLC"> <section id="H2A60CCEFF967405BA6F77C267EA8CD54"><enum>3.</enum><header>Powers of the Comptroller relating to savings associations</header> <subsection id="H3A431A9E78064E48A5C8C1065C88004F"><enum>(a)</enum><header>Powers of the Comptroller</header><text>The Comptroller shall have all powers that were vested in the Director of the Office of Thrift Supervision on the day before the date of the enactment of the Financial Regulatory Oversight Act of 2009.</text></subsection> <subsection id="H2A0A5F217405489086CA1F2C54758455"><enum>(b)</enum><header>Regulations</header><text>The Comptroller may prescribe such regulations and issue such orders as the Comptroller determines are necessary for carrying out this Act.</text></subsection> <subsection id="H014B820C352547B6909F08B2BD753080"><enum>(c)</enum><header>Autonomy of director</header><text>The Secretary of the Treasury may not intervene in any matter or proceeding before the Comptroller (including agency enforcement actions) relating to this Act, unless otherwise specifically provided by law.</text></subsection> <subsection id="HE2582EB38A2348CFA8056EE4DAC1A589"><enum>(d)</enum><header>Banking agency rulemaking</header><text>The Secretary of the Treasury may not delay or prevent the issuance of any rule or the promulgation of any regulation by the Comptroller under this Act.</text></subsection> <subsection commented="no" id="H2D73DDFCF668463CB213D7FBBF26BE45"><enum>(e)</enum><header>State homestead provisions</header><text>No provision of this Act shall be construed as superseding any homestead provision of any State constitution, including any implementing State statute, in effect on the date of the enactment of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, or any subsequent amendment to such a State constitutional or statutory provision in effect on such date, that exempts the homestead of any person from foreclosure, or forced sale, for the payment of all debts, other than a purchase money obligation relating to the homestead, taxes due on the homestead, or an obligation arising from work and material used in constructing improvements on the homestead.</text></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection> <subsection commented="no" id="H1AA0E272D6514ACC99F7C631AE259FF9"><enum>(d)</enum><header>Funding through assessments</header><text>The compensation of employees of the Office, and any other expenses thereof, may be paid from assessments levied under the Home Owners' Loan Act.</text></subsection> <subsection id="H417D5215C9254DF9B3A8F5523CAF0100"><enum>(e)</enum><header>Supervision of savings associations</header><text>Section 4 of the Home Owners' Loan Act (12 U.S.C. 1463) is amended—</text> <paragraph id="H12CB52F6F3C94390978775822DC31251"><enum>(1)</enum><text>by striking <quote>Director</quote> each place that term appears and inserting <quote>Comptroller</quote>;</text></paragraph> <paragraph id="HB192375E10D041E2B77EF11FEA8700EF"><enum>(2)</enum><text>in subsection (a)—</text> <subparagraph id="H9BD0522AB4684DC0A51F7991BF0D82B"><enum>(A)</enum><text>by striking paragraph (2); and</text></subparagraph> <subparagraph id="HA8EEE3124032463999B98F8E8D726F91"><enum>(B)</enum><text>by redesignating paragraph (3) as paragraph (2); and</text></subparagraph></paragraph> <paragraph id="HFB22F50508394C9E89544EEA16C1FA0"><enum>(3)</enum><text>in subsection (c), by striking <quote>of the Currency</quote>.</text></paragraph></subsection> <subsection id="HAB6369F7B91749E1A516AFF984384100"><enum>(f)</enum><header>Federal savings associations</header><text>Section 5 of the Home Owners' Loan Act (12 U.S.C. 1464) is amended—</text> <paragraph id="H91C352448B9B4DCEB740002774552611"><enum>(1)</enum><text>by striking <quote>Director</quote> each place that term appears and inserting <quote>Comptroller</quote>;</text></paragraph> <paragraph id="HD290C68126B9488D97D312ED4516812C"><enum>(2)</enum><text>by striking <quote>Director's</quote> each place that term appears and inserting <quote>Comptroller's</quote>;</text></paragraph> <paragraph id="H651A1E9044EB435797EBFD377709264"><enum>(3)</enum><text>in subsection (d)(1)(A), by inserting <quote>(with respect to insured savings associations)</quote> after <quote>Insurance Act</quote>;</text></paragraph> <paragraph id="HA382E31A9FD6444695DAED6E39D0A9AA"><enum>(4)</enum><text>in subsection (d)(2)(A), by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller</quote>; and</text></paragraph> <paragraph id="H480459EFC5184F68BEDF0014E0008C9C"><enum>(5)</enum><text>in subsection (t)—</text> <subparagraph id="H08E666568DFD425CB882628C8173143E"><enum>(A)</enum><text>in paragraph (5)(D)(vii), by striking <quote><quote>Director</quote></quote> and inserting <quote><quote>Comptroller</quote></quote>;</text></subparagraph> <subparagraph id="H5F7E389D4CD8423C90BADAE7B81C272D"><enum>(B)</enum><text>in paragraph (9), by striking <quote>of the Currency</quote> each place that term appears; and</text></subparagraph> <subparagraph id="HB3A64B6DB23D4D94A7321D7F2DD64B78"><enum>(C)</enum><text>in paragraph (10)—</text> <clause id="H82BC1929812B4B1CAF9400392BAB1C7F"><enum>(i)</enum><text>in the paragraph heading, by striking <quote><header-in-text level="paragraph" style="OLC">comptroller's</header-in-text></quote> and inserting <quote><header-in-text level="subparagraph" style="OLC">national bank</header-in-text></quote>; and</text></clause> <clause id="H6F8453ADEB9940A494976100FA169C66"><enum>(ii)</enum><text>in subparagraph (A), by striking <quote>of the Currency</quote>.</text></clause></subparagraph></paragraph></subsection> <subsection id="H12702E2AABFE4851B601639361CC22D5"><enum>(g)</enum><header>District associations</header><text>Section 8 of the Home Owners' Loan Act (15 U.S.C. 1466a) is amended by striking <quote>Director</quote> each place that term appears and inserting <quote>Comptroller</quote>.</text></subsection> <subsection id="HBC13BAE9A82C4C8889D96236D5638C0"><enum>(h)</enum><header>Examination fees</header><text>Section 9 of the Home Owners' Loan Act (15 U.S.C. 1467) is amended—</text> <paragraph id="HDCEA14BD1FB14858B3C41867E236D162"><enum>(1)</enum><text>by striking <quote>Director</quote> each place that term appears and inserting <quote>Comptroller</quote>; and</text></paragraph> <paragraph id="H6F9B9B0669AB43E08666BC008D8C5BD7"><enum>(2)</enum><text>in subsection (m), by striking <quote>the Office</quote> and inserting <quote>the Comptroller in carrying out this Act</quote>.</text></paragraph></subsection> <subsection id="H3E15ABB1961E4A8FA5DC75CC12AFBCB8"><enum>(i)</enum><header>Regulation of holding companies</header><text>Section 10 of the Home Owners' Loan Act (15 U.S.C. 1467a) is amended by striking <quote>Director</quote> each place that term appears and inserting <quote>Comptroller</quote>.</text></subsection> <subsection id="H65B0D3B7F0FF4F7F833BE333ACE79099"><enum>(j)</enum><header>Transactions with affiliates</header><text>Section 11 of the Home Owners' Loan Act (15 U.S.C. 1468) is amended by striking <quote>Director</quote> each place that term appears and inserting <quote>Comptroller</quote>.</text></subsection> <subsection id="HD15034B571CF4C3A91CB2B123B93C082"><enum>(k)</enum><header>Advertising</header><text>Section 12 of the Home Owners' Loan Act (15 U.S.C. 1468a) is amended by striking <quote>Director</quote> and inserting <quote>Comptroller for purposes of this Act.</quote>.</text></subsection> <subsection id="H1E9ECEA80D95423899CF6BECADFFB18"><enum>(l)</enum><header>Powers of Examiners</header><text>Section 13 of the Home Owners' Loan Act (15 U.S.C. 1468b) is amended by striking <quote>Director</quote> and inserting <quote>Comptroller</quote>.</text></subsection></section> <section id="H515F7411EA7148E0005C13345BDC904B"><enum>209.</enum><header>Conforming amendments to the Federal Deposit Insurance Act</header><text display-inline="no-display-inline">The Federal Deposit Insurance Act (12 U.S.C. 1811 et seq.) is amended—</text> <paragraph commented="no" id="H7DCA098743D34EAB941B9E3F210063CE"><enum>(1)</enum><text display-inline="yes-display-inline">in section 2 (12 U.S.C. 1812)—</text> <subparagraph commented="no" id="HE0C2FCDBFAF54F3AB01314AAE60591B1"><enum>(A)</enum><text display-inline="yes-display-inline">in subsection (a)—</text> <clause commented="no" id="H69A4A934CC864DAAA22D68203E3355A9"><enum>(i)</enum><text display-inline="yes-display-inline">in paragraph (1)—</text> <subclause commented="no" id="H7BC795FF14004530A923ADAE16000799"><enum>(I)</enum><text display-inline="yes-display-inline">in subparagraph (A), by adding <quote>and</quote> at the end;</text></subclause> <subclause commented="no" id="H2C3DDDCD34D4494485F4FFF7B3B776F"><enum>(II)</enum><text display-inline="yes-display-inline">by striking subparagraph (B); and</text></subclause> <subclause commented="no" id="H06B9BAAFADA446FCAA5F31BF12166AE"><enum>(III)</enum><text>in subparagraph (C), by striking <quote>3</quote> and inserting <quote>2</quote>; and</text></subclause></clause> <clause commented="no" id="H04FCF29FF2B647F48FCC4B73B885EB13"><enum>(ii)</enum><text>in paragraph (2), by striking <quote>3</quote> and inserting <quote>2</quote>;</text></clause></subparagraph> <subparagraph commented="no" id="HFBA193B3A1654653801981DC8029C0FB"><enum>(B)</enum><text display-inline="yes-display-inline">in subsection (d)(2), by striking—</text> <clause commented="no" id="H602E422968774BB08DD1759E8E3B1810"><enum>(i)</enum><text display-inline="yes-display-inline"><quote>or the office of Director of the Office of Thrift Supervision</quote>;</text></clause> <clause commented="no" id="H56B25530AE7042B9B13121EA2FB27CDF"><enum>(ii)</enum><text><quote>or such Director</quote>; and</text></clause> <clause commented="no" id="H23DCF42FF43C4BA7A199001B42B1BDAD"><enum>(iii)</enum><text><quote>or the acting Director of the Office of Thrift Supervision, as the case may be,</quote> and</text></clause></subparagraph> <subparagraph commented="no" id="HAE6BCD0246D544C9A209384466B94293"><enum>(C)</enum><text display-inline="yes-display-inline">in subsection (f), by striking <quote>or of the Office of Thrift Supervision</quote>;</text></subparagraph></paragraph> <paragraph commented="no" id="H43F787ABA7EF401BAA8374732CA5A209"><enum>(2)</enum><text display-inline="yes-display-inline">in section 3 (12 U.S.C. 1813)—</text> <subparagraph commented="no" id="H51D648BE113E4C2ABCFF849B35081B1B"><enum>(A)</enum><text display-inline="yes-display-inline">in subsection (b)(1)(C), by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>;</text></subparagraph> <subparagraph commented="no" id="H8D7321CC220F47A6B15417FB00273DB3"><enum>(B)</enum><text display-inline="yes-display-inline">in subsection (l)(5), by striking <quote>, Director of the Office of Thrift Supervision,</quote>;</text></subparagraph> <subparagraph commented="no" id="HF5AD8CEE0E084A8E9F0872E477012B4D"><enum>(C)</enum><text display-inline="yes-display-inline">in subsection (q)—</text> <clause commented="no" id="H6A6E321C3F6F4458AB33A5876C15541E"><enum>(i)</enum><text display-inline="yes-display-inline">in paragraph (1), by striking <quote>or any Federal branch or agency of a foreign bank</quote> and inserting <quote>, any Federal branch or agency of a foreign bank, any savings association, or any savings and loan holding company</quote>;</text></clause> <clause commented="no" id="H756EEBB8D421488991E4326454720334"><enum>(ii)</enum><text display-inline="yes-display-inline">in paragraph (3), by striking <quote>; and</quote> and inserting a period; and</text></clause> <clause commented="no" id="HA32253B20767430F80878343BFA1EAC2"><enum>(iii)</enum><text>by striking paragraph (4); and</text></clause></subparagraph> <subparagraph commented="no" id="H9A6FD115A1BD45F48CA77A1B1974E60"><enum>(D)</enum><text>in subsection (z), by striking <quote>the Director of the Office of Thrift Supervision,</quote>;</text></subparagraph></paragraph> <paragraph commented="no" id="H769FE08A4CB54C8E94207CCCA766087F"><enum>(3)</enum><text>in section 7 (12 U.S.C. 1817)—</text> <subparagraph commented="no" id="HDE9802498D8B4B07BA68FD93C8326E29"><enum>(A)</enum><text>in subsection (a)—</text> <clause commented="no" id="HD1F5F6F4537D462286CD42CD488423C"><enum>(i)</enum><text>in paragraph (2)(A), by striking <quote>the Director of the Office of Thrift Supervision,</quote> each place that term appears;</text></clause> <clause commented="no" id="HAD52D07C0A0D46FF815000A66688C3C"><enum>(ii)</enum><text>in paragraph (2)(B)—</text> <subclause commented="no" id="HDF2925EB4A184874A8D93201A71884B8"><enum>(I)</enum><text>by inserting <quote>and</quote> after <quote>Currency,</quote>; and</text></subclause> <subclause commented="no" id="HC11D370AB6A241C8B9D6ED8C002382DE"><enum>(II)</enum><text>by striking <quote>and the Director of the Office of Thrift Supervision,</quote>;</text></subclause></clause> <clause commented="no" id="HC40E924026364A1493567974792ECB78"><enum>(iii)</enum><text>in paragraph (3)—</text> <subclause commented="no" id="H641092AAE22F4D70B914B3DD3D68ED2D"><enum>(I)</enum><text>by inserting <quote>and</quote> after <quote>Currency,</quote>; and</text></subclause> <subclause commented="no" id="H6750AC4AC384429287F9C4B7118F2CBD"><enum>(II)</enum><text>by striking <quote>, and the Director of the Office of Thrift Supervision</quote>; and</text></subclause></clause> <clause commented="no" id="H7695E6D5C510456CB8F300CE819DDE88"><enum>(iv)</enum><text>in paragraph (7), by striking <quote>, the Director of the Office of Thrift Supervision,</quote>;</text></clause></subparagraph> <subparagraph commented="no" id="H26C79C36864149678C00CFDAB87945C4"><enum>(B)</enum><text>in subsection (n)—</text> <clause commented="no" id="H7A9324D12EBC4E76BEC24F425CAB8BB8"><enum>(i)</enum><text>by striking <quote>Director of the Office of Thrift Supervision</quote> each place that term appears and inserting <quote>Comptroller of the Currency</quote>; and</text></clause> <clause commented="no" id="HFBAD469E29C948AE8989840014737C00"><enum>(ii)</enum><text>by striking <quote>Director</quote> each place that term appears and inserting <quote>Comptroller of the Currency</quote>;</text></clause></subparagraph></paragraph> <paragraph commented="no" id="H12A4F1E3360C4CF1B053ECED591D8E00"><enum>(4)</enum><text>in section 8 (12 U.S.C. 1818)—</text> <subparagraph commented="no" id="HB8B586B73B84444792DE4C2C00C528F7"><enum>(A)</enum><text>in the matter following subsection (a)(8)(B)(ii)(IV)—</text> <clause commented="no" id="HB59BBECA19C54BB4B616ABE7E7FB4D2E"><enum>(i)</enum><text>by striking <quote>Director of the Office of Thrift Supervision</quote> each place that term appears and inserting <quote>Comptroller of the Currency</quote>; and</text></clause> <clause commented="no" id="H0242486BBA7F4138876E21754DE73F73"><enum>(ii)</enum><text>by striking <quote>Federal Savings and Loan Insurance Corporation or the Federal Home Loan Bank Board</quote> and inserting <quote>Office of Thrift Supervision</quote>;</text></clause></subparagraph> <subparagraph commented="no" id="H4A574D8289EB4B70B01B3468D531C774"><enum>(B)</enum><text>in subsection (o), by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>; and</text></subparagraph> <subparagraph commented="no" id="H00CE0679088F479097287DF6748BD3FB"><enum>(C)</enum><text>in subsection (w), by striking <quote>Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>;</text></subparagraph></paragraph> <paragraph commented="no" id="HCEF8CC60968E4F96AB97A8BDCFECCC56"><enum>(5)</enum><text>in section 10(k)(5)(B) (12 U.S.C. 1820(k)(5)(B))—</text> <subparagraph commented="no" id="H72601FC8E32F47E5BAA901A2273E8FF8"><enum>(A)</enum><text>in clause (ii), by adding <quote>and</quote> at the end;</text></subparagraph> <subparagraph commented="no" id="HC0B02BBF6789468E8549E3746B02B000"><enum>(B)</enum><text>in clause (iii), by striking <quote>; and</quote> and inserting a period; and</text></subparagraph> <subparagraph commented="no" id="H89191AD420C24C05B05F31EB56FAC4C8"><enum>(C)</enum><text>by striking clause (iv);</text></subparagraph></paragraph> <paragraph commented="no" id="H83E33C10D19C4CA18867990138C1182C"><enum>(6)</enum><text>in section 11 (12 U.S.C. 1821)—</text> <subparagraph commented="no" id="HCD1D93AFB92847D2B79C96BBDCE8567"><enum>(A)</enum><text>in subsection (c)(6), by striking <quote>Director of the Office of Thrift Supervision</quote> each place that term appears and inserting <quote>Comptroller of the Currency</quote>;</text></subparagraph> <subparagraph commented="no" id="H92165533525149519723665D77AF5DF2"><enum>(B)</enum><text>in subsection (d)—</text> <clause commented="no" id="H3D53A0DFDFA941FFA6A800C7BBCC1D10"><enum>(i)</enum><text>in paragraph (17)(A), by striking <quote>or the Director of the Office of Thrift Supervision</quote>; and</text></clause> <clause commented="no" id="H725FACD8789044B99DBFE4C8944B33CE"><enum>(ii)</enum><text>in paragraph (18)(b), by striking <quote>or the Director of the Office of Thrift Supervision</quote>;</text></clause></subparagraph> <subparagraph commented="no" id="HAB311061341B402D93EFD36C3618FF63"><enum>(C)</enum><text>in subsection (m)—</text> <clause commented="no" id="H03E5E4822AA84EF99DC67F32C5A85DA2"><enum>(i)</enum><text>in paragraph (9), by striking <quote>or the Director of the Office of Thrift Supervision, as appropriate</quote>;</text></clause> <clause commented="no" id="H55CBE2822CC64C45945522DED2ECB64E"><enum>(ii)</enum><text>in paragraph (16), by striking <quote>or the Director of the Office of Thrift Supervision, as appropriate,</quote> each place that term appears; and</text></clause> <clause commented="no" id="HFA0E1D40D84247D4AA30291035DD6EA2"><enum>(iii)</enum><text>in paragraph (18), by striking <quote>or the Director of the Office of Thrift Supervision, as appropriate,</quote> each place that term appears; and</text></clause></subparagraph> <subparagraph commented="no" id="H770909F8C86843FCAB09B63E790031B"><enum>(D)</enum><text>in subsection (n)—</text> <clause commented="no" id="H0E119791FD134663B785898C3EBCA75B"><enum>(i)</enum><text>in paragraph (1)(A), by striking <quote>, or the Director of the Office of Thrift Supervision, with respect to</quote> and inserting <quote>or</quote>;</text></clause> <clause commented="no" id="HF4D2C6EF27824C6EBD8FAFE5FA4C6F34"><enum>(ii)</enum><text>in paragraph (2)(A), by striking <quote>or the Director of the Office of Thrift Supervision</quote>;</text></clause> <clause commented="no" id="HDF9E06850BB944BFABD7A2A997C5F3F8"><enum>(iii)</enum><text>in paragraph (4)(G), by striking <quote>and the Director of the Office of Thrift Supervision, as appropriate,</quote>; and</text></clause> <clause commented="no" id="H1677034B2E2F4059B31FE79320E0E9E5"><enum>(iv)</enum><text>in paragraph (12)(B), by striking <quote>or the Director of the Office of Thrift Supervision, as appropriate,</quote> each place that term appears;</text></clause></subparagraph></paragraph> <paragraph commented="no" id="H4185543B997348B4A3C0D730D834874"><enum>(7)</enum><text>in section 13(k)(1)(A)(iv) (12 U.S.C. 1823(k)(1)(A)(iv)), by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>;</text></paragraph> <paragraph commented="no" id="H31FD62A3EF5745FFBBCFB662DB707C2"><enum>(8)</enum><text>in section 18 (12 U.S.C. 1828)—</text> <subparagraph commented="no" id="H443182B949F543D883D4E90609D2E4A8"><enum>(A)</enum><text>in subsection (c)(2)—</text> <clause commented="no" id="H3ABF308596944137AC306FF5408C543E"><enum>(i)</enum><text>in subparagraph (A), by striking <quote>bank is to be a national bank</quote> and inserting <quote>institution is to be a national bank or savings association</quote>;</text></clause> <clause commented="no" id="HA61273ECB9734645BD5879DAE28C31EC"><enum>(ii)</enum><text>in subparagraph (B)—</text> <subclause commented="no" id="H5FF8D23920A1490A967BB0F68B8956B0"><enum>(I)</enum><text>by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>; and</text></subclause> <subclause commented="no" id="HF7645175F3B6433381CD0025DB96E07"><enum>(II)</enum><text>by adding <quote>and</quote> at the end;</text></subclause></clause> <clause commented="no" id="HD843DD12F89B4967B171F241409762C"><enum>(iii)</enum><text>in subparagraph (C), by striking <quote>; and</quote> and inserting a period; and</text></clause> <clause commented="no" id="HE6DC742A4BAC47AE8595DB96691950D1"><enum>(iv)</enum><text>by striking subparagraph (D);</text></clause></subparagraph> <subparagraph commented="no" id="H83BCFA7A6E024780A99EAC57C989B4FA"><enum>(B)</enum><text>in subsection (g)(1), by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>;</text></subparagraph> <subparagraph commented="no" id="HFEABC41B413140508E75DAE9145868A3"><enum>(C)</enum><text>in subsection (i)(2)(C), by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>; and</text></subparagraph> <subparagraph commented="no" id="HF929A9F6E32F40FD8F9483DB5F0A418"><enum>(D)</enum><text>in subsection (m)—</text> <clause commented="no" id="H9E905548C2DE40CE8DD16760E80003A3"><enum>(i)</enum><text>by striking <quote>Director of the Office of Thrift Supervision</quote> each place that term appears and inserting <quote>Comptroller of the Currency</quote>;</text></clause> <clause commented="no" id="HD2F10B305853432DA3E5FD14C4F2AC"><enum>(ii)</enum><text>in the matter following paragraph (2)(B)(ii), by striking <quote>Director</quote> and inserting <quote>Comptroller of the Currency</quote>; and</text></clause> <clause commented="no" id="H5CF0E28463DC46769C6791B700B41411"><enum>(iii)</enum><text>by amending paragraph (3)(B) to read as follows:</text> <quoted-block display-inline="no-display-inline" id="H83948BEA29A5470C864308B94D49C554" style="OLC"> <subparagraph commented="no" id="H9E89818656E240149148F606B4A7EAD2"><enum>(B)</enum><header>Authority of Comptroller</header><text>The section does not limit the authority of the Comptroller of the Currency to issue regulations to promote safety and soundness or to enforce compliance with other applicable laws.</text></subparagraph><after-quoted-block>;</after-quoted-block></quoted-block></clause></subparagraph></paragraph> <paragraph commented="no" id="HE8C1775E4F304E518F28733D6B1CEE7"><enum>(9)</enum><text>in section 19(e) (12 U.S.C. 1829)—</text> <subparagraph commented="no" id="HAED7953EDC6847BD9967C8C8FFFFE0DE"><enum>(A)</enum><text>by striking <quote>Director of the Office of Thrift Supervision</quote> each place that term appears and inserting <quote>Comptroller of the Currency</quote>; and</text></subparagraph> <subparagraph commented="no" id="HDD91082C6B1448A0B325C5E7C5148BA3"><enum>(B)</enum><text>in the heading of paragraph (2), by striking <quote><header-in-text level="paragraph" style="OLC">Director</header-in-text></quote> and inserting <quote><header-in-text level="paragraph" style="OLC">Comptroller</header-in-text></quote>;</text></subparagraph></paragraph> <paragraph commented="no" id="HA06CF874A43F4EFAAC58E3BAFD61A69F"><enum>(10)</enum><text>in section 28 (12 U.S.C. 1831e)—</text> <subparagraph commented="no" id="HB9F8ED229CC64DBD85A43CEAA525DADB"><enum>(A)</enum><text>in subsection (e), by striking <quote>Director of the Office of Thrift Supervision</quote> each place that term appears and inserting <quote>Comptroller of the Currency</quote>; and</text></subparagraph> <subparagraph commented="no" id="H82D5EC070E0F42D68421EBC20032F4D9"><enum>(B)</enum><text>in subsection (h), by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>; and</text></subparagraph></paragraph> <paragraph commented="no" id="HD3167527A2C34D11008436A70FEF929"><enum>(11)</enum><text>in section 33(e) (12 U.S.C. 1831j(e)), by striking <quote>the Comptroller of the Currency, and the Director of the Office of Thrift Supervision</quote> and inserting <quote>and the Comptroller of the Currency</quote>.</text></paragraph></section> <section commented="no" id="H29D9481928534A6293F200E416D2D3B"><enum>210.</enum><header>Additional Conforming Amendments</header> <subsection commented="no" id="H924C79EF457147EE902965DBE125F91"><enum>(a)</enum><header>Title 5</header><text display-inline="yes-display-inline">Title 5, United States Code, is amended—</text> <paragraph commented="no" id="HA7D3F7A7B9E548BF8457E15B64E636D7"><enum>(1)</enum><text>in section 3132(a)(1)(D), by striking <quote>, the Office of Thrift Supervision,</quote>; and</text></paragraph> <paragraph commented="no" id="H3920AF1CA9634640B0DBD02707DA5B42"><enum>(2)</enum><text>in section 5314, by striking <quote>Director of the Office of Thrift Supervision.</quote>.</text></paragraph></subsection> <subsection commented="no" id="HD2210E779CF14530AC3247EE9606FA9C"><enum>(b)</enum><header>Title 10</header><text display-inline="yes-display-inline">Section 987(h)(3) of title 10, United States Code, is amended by striking subparagraph (E).</text></subsection> <subsection commented="no" id="H1CEC47AB97294FB0B1D900C2DD19DEC"><enum>(c)</enum><header>Revised Statutes</header><text>Section 324 of the Revised Statutes of the United States (12 U.S.C. 1) is amended by striking the second sentence.</text></subsection> <subsection commented="no" id="H2029D55BBB364EE0A2922FC4F971C3A7"><enum>(d)</enum><header>Federal Reserve Act</header><text>The Federal Reserve Act (12 U.S.C. 221 et seq.) is amended—</text> <paragraph commented="no" id="HD5436DF6132D4620BD891DA1AEA3EBAE"><enum>(1)</enum><text>in section 11(a)(2)(B)(iii) (12 U.S.C. 248(a)(2)(B)(iii)), by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>; and</text></paragraph> <paragraph commented="no" id="HF664FF9F46714DC8A2856154AAC650F4"><enum>(2)</enum><text>in section 19(b)(12 U.S.C. 461(b))—</text> <subparagraph commented="no" id="H4C0543FB138446E884CAC03B44C3C81"><enum>(A)</enum><text>in paragraph (1)(F), by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>; and</text></subparagraph> <subparagraph commented="no" id="HF2D1982178184BB9B160AFD6219D8BCC"><enum>(B)</enum><text>in paragraph (4)(B), by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>.</text></subparagraph></paragraph></subsection> <subsection commented="no" id="H51CC11E2CB434B70A7BDB8622CA3F44"><enum>(e)</enum><header>Public Law 93–495</header><text>Section 111 of Public Law 93–495 (12 U.S.C. 250) is amended by striking <quote>the Director of the Office of Thrift Supervision,</quote>.</text></subsection> <subsection commented="no" id="H83F928D26A4147F39B448E16BED54786"><enum>(f)</enum><header>Economic Growth and Regulatory Paperwork Reduction Act of 1996</header><text>Section 2227(a)(1) of the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (12 U.S.C. 252(a)(1)) is amended by striking <quote>the Director of the Office of Thrift Supervision,</quote>.</text></subsection> <subsection commented="no" id="HE3DEAB343AA446668433A713FD86CB13"><enum>(g)</enum><header>Federal Deposit Insurance Corporation Improvement Act of 1991</header><text>Section 306(m)(2) of the Federal Deposit Insurance Corporation Improvement Act of 1991 (12 U.S.C. 375b note) is amended by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>.</text></subsection> <subsection commented="no" id="HD165369E493D4B70A02F7CA579990008"><enum>(h)</enum><header>Federal Home Loan Bank Act</header><text>The Federal Home Loan Bank Act (12 U.S.C. 1421 et seq.) is amended—</text> <paragraph commented="no" id="H934295CDE1F64C0AAD8BCB554CA71EFF"><enum>(1)</enum><text>in section 10(h)(1) (12 U.S.C. 1430(h)(1)), by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>;</text></paragraph> <paragraph commented="no" id="HA0A00A56CDA448B985E423EA70321EC"><enum>(2)</enum><text>in section 18(c) (12 U.S.C. 1438(c)), by striking <quote>Director of the Office of Thrift Supervision</quote> each place that term appears and inserting <quote>Comptroller of the Currency</quote>;</text></paragraph> <paragraph commented="no" id="H62471B434D8A455D981B8569571B55F8"><enum>(3)</enum><text>in section 21A (12 U.S.C. 1441a)—</text> <subparagraph commented="no" id="H3A387BBEAD624A51B37D007D00A75514"><enum>(A)</enum><text>by striking <quote>Director of the Office of Thrift Supervision</quote> each place that term appears and inserting <quote>Comptroller of the Currency</quote>; and</text></subparagraph> <subparagraph commented="no" id="HB8BDC3D0471948A78C6DB000ACD03308"><enum>(B)</enum><text>in subsection (k)(9) by striking <quote>Director</quote> and inserting <quote>Comptroller</quote>; and</text></subparagraph></paragraph> <paragraph commented="no" id="H2FC1E43222DE428B80F98009FD9776D"><enum>(4)</enum><text>in section 22 (12 U.S.C. 1442), by striking <quote>Director of the Office of Thrift Supervision</quote> each place that term appears and inserting <quote>Comptroller of the Currency</quote>.</text></paragraph></subsection> <subsection commented="no" id="HEE8F9E6C0BE24B5CB5BC1A8D2FA8CD9"><enum>(i)</enum><header>Housing Act of 1948</header><text>Section 502 of the Housing Act of 1948 (12 U.S.C. 1701c) is amended—</text> <paragraph commented="no" id="H93ADA24741B740378F7BC528966B6C04"><enum>(1)</enum><text>by striking <quote>Director of the Office of Thrift Supervision</quote> each place that term appears and inserting <quote>Comptroller of the Currency</quote>; and</text></paragraph> <paragraph commented="no" id="HE268E84E613C4E2D83701CFFDDD56D4"><enum>(2)</enum><text>by striking <quote>Federal Home Loan Bank Board</quote> and inserting <quote>Comptroller of the Currency</quote>.</text></paragraph></subsection> <subsection commented="no" id="HC5DE5BE0FCEF4C2C9FA27E5011C3EF4C"><enum>(j)</enum><header>National Housing Act</header><text>Section 202(e)(8) of the National Housing Act (12 U.S.C. 1708(e)(8)) is amended by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>.</text></subsection> <subsection commented="no" id="HC31C024C8146444C82D5BEC7CABA5CE9"><enum>(k)</enum><header>Federal Credit Union Act</header><text>Section 205(b)(2)(G) of the Federal Credit Union Act (12 U.S.C. 1785(b)(2)(G)) is amended by striking <quote>the Office of Thrift Supervision and</quote>.</text></subsection> <subsection commented="no" id="H3CF2F4132D164A990032B7EDB9D67C70"><enum>(l)</enum><header>Bank Holding Company Act of 1956</header><text display-inline="yes-display-inline">The Bank Holding Company Act of 1956 is amended—</text> <paragraph commented="no" id="H4EB6DDB604034B4AA8E5BE967F4C0D7"><enum>(1)</enum><text display-inline="yes-display-inline">in section 2(j)(3) (12 U.S.C. 1841(j)(3)), by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>; and</text></paragraph> <paragraph commented="no" id="H16576A08F27F4ABBB88C40ED22432E4"><enum>(2)</enum><text>in section 4(i) (12 U.S.C. 1843(i))—</text> <subparagraph commented="no" id="HF85D6E91FEF24D61A4561F1800D495FC"><enum>(A)</enum><text>by striking <quote>Director</quote> each place that term appears and inserting <quote>Comptroller</quote>; and</text></subparagraph> <subparagraph commented="no" id="H9A5CB5CE89294A2C96E1A7967E2D0082"><enum>(B)</enum><text>by amending paragraph (7) to read as follows:</text> <quoted-block display-inline="no-display-inline" id="HD8F7D627519749298639C328582DEADE" style="OLC"> <paragraph commented="no" id="H8740B083328A472AB800ACCD1596E383"><enum>(7)</enum><header>Comptroller defined</header><text>For purposes of this subsection, the term <quote>Comptroller</quote> means the Comptroller of the Currency.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subparagraph></paragraph></subsection> <subsection commented="no" id="H6B720987DA444F7381D590C239AE2927"><enum>(m)</enum><header>FEGLI Living Benefits Act</header><text>Section 5 of the FEGLI Living Benefits Act (5 U.S.C. 8701 note) is amended—</text> <paragraph commented="no" id="H8C2F37386D57485B81B76645909BC248"><enum>(1)</enum><text>by striking <quote>or the Office of Thrift Supervision</quote> each place it appears; and</text></paragraph> <paragraph commented="no" id="H11D5F46CC640431C8C5F01107EC71E6E"><enum>(2)</enum><text>in subsection (c), by striking <quote>and the Office of Thrift Supervision</quote>.</text></paragraph></subsection> <subsection commented="no" id="H82FEE623B823443B928C88AA523A35E"><enum>(n)</enum><header>Resolution Trust Corporation Funding Act of 1991</header><text>Section 102(c)(1)(B) of the Resolution Trust Corporation Funding Act of 1991 (12 U.S.C. 1441a note) is amended by striking <quote>the Director of the Office of Thrift Supervision with respect to reports to be filed by such Office,</quote> and inserting <quote>the Comptroller of the Currency with respect to reports to be filed by the Office of the Comptroller of the Currency</quote>.</text></subsection> <subsection commented="no" id="H7F013CA5801848E1A2311ED48F734F5"><enum>(o)</enum><header>Gramm-Leach-Bliley Act</header><text>The Gramm-Leach-Bliley Act is amended—</text> <paragraph commented="no" id="H5C5710D4EBF1469982ED036DE0000078"><enum>(1)</enum><text>in section 132 (12 U.S.C. 1828b), by striking <quote>the Director of the Office of Thrift Supervision,</quote>;</text></paragraph> <paragraph commented="no" id="HCAF8927CBF804D4D9C744252F8E820FA"><enum>(2)</enum><text>in section 505(a)(1) (15 U.S.C. 6805(a)(1))—</text> <subparagraph commented="no" id="H9EA4444F083147D5BE55E5DA57F06DC6"><enum>(A)</enum><text>in subparagraph (A), by inserting <quote>savings associations, the deposits of which are insured by the Federal Deposit Insurance Corporation,</quote> before <quote>national banks</quote>;</text></subparagraph> <subparagraph commented="no" id="HA0C0C38659C9427191B3276B9A7817B"><enum>(B)</enum><text>in subparagraph (B), by adding <quote>and</quote> at the end;</text></subparagraph> <subparagraph commented="no" id="HBC15501408734E54A704EA0E51EF89F"><enum>(C)</enum><text>in subparagraph (C), by striking <quote>; and</quote> and inserting a period; and</text></subparagraph> <subparagraph commented="no" id="HF24A67554E3640ED95DD354CE21B02F3"><enum>(D)</enum><text>by striking subparagraph (D);</text></subparagraph></paragraph> <paragraph commented="no" id="H25CB570D8DD847439C358548FF46E117"><enum>(3)</enum><text>in section 509(2) (15 U.S.C. 6809(2))—</text> <subparagraph commented="no" id="H9CC91523B2EB4F498DDE2CC4008FFA9D"><enum>(A)</enum><text>by striking subparagraph (D); and</text></subparagraph> <subparagraph commented="no" id="HA54CB21CCDCD4D3DA46C8F17E20640F1"><enum>(B)</enum><text>by redesignating subparagraphs (E) and (F) as subparagraphs (D) and (E), respectively; and</text></subparagraph></paragraph> <paragraph commented="no" id="H4615930645AB481B8D5400AA9DE542AA"><enum>(4)</enum><text>in section 522(b)(1)(A) (15 U.S.C. 6822(b)(1)(A))—</text> <subparagraph commented="no" id="H0CBC65C402904B50A3CCAB15ECFFA26"><enum>(A)</enum><text>in clause (i), by inserting <quote>savings associations, the deposits of which are insured by the Federal Deposit Insurance Corporation,</quote> before <quote>national banks</quote>;</text></subparagraph> <subparagraph commented="no" id="H251012C2DE064C6900CCFFB08ED36C1E"><enum>(B)</enum><text>in clause (ii), by adding <quote>and</quote> at the end; and</text></subparagraph> <subparagraph commented="no" id="H2D166DE4F790436C9F67F03F90FA20F0"><enum>(C)</enum><text>by striking clause (iv).</text></subparagraph></paragraph></subsection> <subsection commented="no" id="H0B04532530464C7D82C24D19C668B00"><enum>(p)</enum><header>Financial Institutions Reform, Recovery, and Enforcement Act of 1989</header><text>The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 is amended—</text> <paragraph commented="no" id="HCB0A3BB4528A4F0294351772098DC273"><enum>(1)</enum><text>in section 1121(6) (12 U.S.C. 3350(6)), by striking <quote>the Office of Thrift Supervision,</quote>;</text></paragraph> <paragraph commented="no" id="H44406B037D954F1AA221333C7CC333BD"><enum>(2)</enum><text>in section 1206(a) (12 U.S.C. 1833b(a)), by striking <quote>the Farm Credit Administration, and the Office of Thrift Supervision</quote> and inserting <quote>and the Farm Credit Administration</quote>; and</text></paragraph> <paragraph commented="no" id="H6D9BDF3291BB4BE70091EA87C4AE3611"><enum>(3)</enum><text>in section 1216 (12 U.S.C. 1833e)—</text> <subparagraph commented="no" id="H1151B29078E34EBFBE81532000F83018"><enum>(A)</enum><text>in subsection (a)—</text> <clause commented="no" id="HE2EA9DF4A9574083B1F863B6C073B86E"><enum>(i)</enum><text>by striking paragraph (2); and</text></clause> <clause commented="no" id="H02C8F95F6B8E4B3EAE3001A716E67554"><enum>(ii)</enum><text>by redesignating paragraphs (3) through (6) as paragraphs (2) through (5), respectively; and</text></clause></subparagraph> <subparagraph commented="no" id="H8CCA20FB09734F248DE7F5DE5F5EB785"><enum>(B)</enum><text>in subsection (c), by striking <quote>the Director of the Office of Thrift Supervision,</quote>.</text></subparagraph></paragraph></subsection> <subsection commented="no" id="HE4043C634B6F4F579EC3D5A779E191C8"><enum>(q)</enum><header>Bank Service Company Act</header><text display-inline="yes-display-inline">Section 1(b)(4) of the Bank Service Company Act (12 U.S.C. 1861(b)(4)) is amended by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>.</text></subsection> <subsection commented="no" id="HC2C81A164FB943419EE2304CC33B00E6"><enum>(r)</enum><header>Bank Protection Act of 1968</header><text>Section 2 of the Bank Protection Act of 1968 (12 U.S.C. 1881) is amended—</text> <paragraph commented="no" id="HAD2FEF888A2A408BBFA0ACBA57AF752C"><enum>(1)</enum><text>by striking <quote>The</quote> each place that term appears and inserting <quote>the</quote>;</text></paragraph> <paragraph commented="no" id="HC60A3D96AD764F1988486E7271007ED1"><enum>(2)</enum><text>in paragraph (1), by inserting <quote>and Federal savings associations</quote> after <quote>banks</quote>;</text></paragraph> <paragraph commented="no" id="H7DC15A88E6944FD8006E3DE1A2D7EF3F"><enum>(3)</enum><text>in paragraph (2), by adding <quote>and</quote> at the end;</text></paragraph> <paragraph commented="no" id="H47F88BE567414D71B53D342902493370"><enum>(4)</enum><text>in paragraph (3), by striking <quote>and</quote> at the end and inserting a period; and</text></paragraph> <paragraph commented="no" id="H1CCE4DEC66FE452EB2995B4FCF4BF446"><enum>(5)</enum><text>by striking paragraph (4).</text></paragraph></subsection> <subsection commented="no" id="H4B72049DE5D743849200A7FAF7AE1769"><enum>(s)</enum><header>Real Estate settlement Procedures Act of 1974</header><text>Section 4(a) of the Real Estate Settlement Procedures Act of 1974 (12 U.S.C. 2603(a)) is amended by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>.</text></subsection> <subsection commented="no" id="HD3FD9CB75365482E994314D6119C96DD"><enum>(t)</enum><header>Home Mortgage Disclosure Act of 1975</header><text>The Home Mortgage Disclosure Act of 1975 is amended—</text> <paragraph commented="no" id="HE6C66127EF304098ABF0E60738007BEE"><enum>(1)</enum><text>in section 304(h) (12 U.S.C. 2803(h))—</text> <subparagraph commented="no" id="HD86F5F01E90441D6B30098E31CCE8CC"><enum>(A)</enum><text>in paragraph (1), by striking <quote>and Federal branches and Federal agencies of foreign banks</quote> and inserting <quote>, Federal branches and Federal agencies of foreign banks, and savings associations</quote>;</text></subparagraph> <subparagraph commented="no" id="H7749E3D9234E4B2B817615D51253062D"><enum>(B)</enum><text>by striking paragraph (2); and</text></subparagraph> <subparagraph commented="no" id="H35B4234A56CF48FC943E234BED5C959B"><enum>(C)</enum><text>by redesignating paragraphs (3) through (5) as paragraphs (2) through (4), respectively;</text></subparagraph></paragraph> <paragraph commented="no" id="H408846B06B684D4AA2F94F57A7F83FC"><enum>(2)</enum><text>in section 305(b) (12 U.S.C. 2804(b))—</text> <subparagraph commented="no" id="H14EAA1AB9CF44B17A7834DE186FE9642"><enum>(A)</enum><text>in paragraph (1), by striking <quote>and Federal branches and Federal agencies of foreign banks</quote> and inserting <quote>Federal branches and Federal agencies of foreign banks, and savings associations the deposits of which are insured by the Federal Deposit Insurance Corporation</quote>;</text></subparagraph> <subparagraph commented="no" id="H0C0E7F35867B44349B02B2A5AA9700DE"><enum>(B)</enum><text>by striking paragraph (2); and</text></subparagraph> <subparagraph commented="no" id="H2230222E5B924684ACAA7C8E0B1BAA0"><enum>(C)</enum><text>by redesignating paragraphs (3) and (4) as paragraphs (2) and (3);</text></subparagraph></paragraph> <paragraph commented="no" id="H21F1ED5C950F49CA94DC84E8CF29BAA"><enum>(3)</enum><text>in section 306(b)(2) (12 U.S.C. 2805(b)(2)), by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>; and</text></paragraph> <paragraph commented="no" id="HFA6934DEB7A2416D8DDAD9EF00523C90"><enum>(4)</enum><text>in section 307 (12 U.S.C. 2806)—</text> <subparagraph commented="no" id="H16D1C8C310D4499DBBECAD2D9B3FE4AE"><enum>(A)</enum><text>in subsection (a)(1), by striking <quote>the Comptroller of the Currency,</quote>; and</text></subparagraph> <subparagraph commented="no" id="HED49C330FA5C482BA86BB66EF72CFBB4"><enum>(B)</enum><text>by striking <quote>Director of the Office of Thrift Supervision</quote> each place that term appears and inserting <quote>Comptroller of the Currency</quote>.</text></subparagraph></paragraph></subsection> <subsection commented="no" id="H7463564EFD3146B18E00B64BB2B0D4D5"><enum>(u)</enum><header>Community Reinvestment Act of 1977</header><text>Section 803(1) of the Community Reinvestment Act of 1977 (12 U.S.C. 2902(1)) is amended—</text> <paragraph commented="no" id="HE3935746696643CD8419DAF9416BF1D"><enum>(1)</enum><text>in subparagraph (A), by inserting <quote>, savings associations (the deposits of which are insured by the Federal Deposit Insurance Corporation) and savings and loan holding companies</quote> after <quote>banks</quote>;</text></paragraph> <paragraph commented="no" id="H205CFFB124684810ABB320726EADADBB"><enum>(2)</enum><text>in subparagraph (B), by adding <quote>and</quote> at the end;</text></paragraph> <paragraph commented="no" id="H939B51BF80E8479397E2CA5687A4B3E9"><enum>(3)</enum><text>in subparagraph (C), by striking <quote>and</quote> at the end; and</text></paragraph> <paragraph commented="no" id="H9B368B8862DF40CAA479A834C221B905"><enum>(4)</enum><text>by striking paragraph (2) (as so designated by section 744(q) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (103 Stat. 440)).</text></paragraph></subsection> <subsection commented="no" id="HBA0BAA85479B471D97047430D8C1E600"><enum>(v)</enum><header>International Banking Act of 1978</header><text>Section 15 of the International Banking Act of 1978 (12 U.S.C. 3109) is amended—</text> <paragraph commented="no" id="H7B1295A4C11348198D47A63C5188CEE4"><enum>(1)</enum><text>in each of subsections (a) and (b), by striking <quote>Federal Deposit Insurance Corporation, and Director of the Office of Thrift Supervision</quote> each place that term appears and inserting <quote>and Federal Deposit Insurance Corporation</quote>; and</text></paragraph> <paragraph commented="no" id="H4DF4777580E8433C974D18C85B8D950"><enum>(2)</enum><text>in subsection (c)(4), by striking <quote>the Federal Deposit Insurance Corporation, and the Director of the Office of Thrift Supervision</quote> and inserting <quote>and the Federal Deposit Insurance Corporation</quote>.</text></paragraph></subsection> <subsection commented="no" id="H2A07BDC6D4A64948BD8CD4CED27241C"><enum>(w)</enum><header>Depository Institution Management Interlocks Act</header><text>The Depository Institution Management Interlocks Act (12 U.S.C. 3201 et seq.) is amended—</text> <paragraph commented="no" id="H54833E33AEBF4DAEB1A31790C7E10009"><enum>(1)</enum><text>in section 205(9) (12 U.S.C. 3204(9)), by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>;</text></paragraph> <paragraph commented="no" id="H8D8211B510B64A9E938E8345C9A78B6F"><enum>(2)</enum><text>in section 207 (12 U.S.C. 3206)—</text> <subparagraph commented="no" id="H81B4305BEED343E1B304577E518C538E"><enum>(A)</enum><text>in paragraph (1), by inserting <quote>, savings associations (the deposits of which are insured by the Federal Deposit Insurance Corporation), and savings and loan holding companies</quote> after <quote>banks</quote>;</text></subparagraph> <subparagraph commented="no" id="H4EA53DBE096C432F8BF6DCC7CEDA7C19"><enum>(B)</enum><text>by striking paragraph (4);</text></subparagraph> <subparagraph commented="no" id="HF3AD45CA9A9B47E58076A78255A0566D"><enum>(C)</enum><text>in paragraph (6), by striking <quote>(5)</quote> and inserting <quote>(4)</quote>; and</text></subparagraph> <subparagraph commented="no" id="HBFEA808F6FF64E2B9C52DC66A348B209"><enum>(D)</enum><text>by redesignating paragraphs (5) and (6) as paragraphs (4) and (5), respectively; and</text></subparagraph></paragraph> <paragraph commented="no" id="HD1807FAC9C0049BE98F58C89AFCA4D5E"><enum>(3)</enum><text>in section 209 (12 U.S.C. 3207)—</text> <subparagraph commented="no" id="HEC72C6FD490549B7A4BDF32EE9EFDBD"><enum>(A)</enum><text>in paragraph (1), by inserting after <quote>banks</quote> the following: <quote>, institutions, the accounts of which are insured by the Federal Deposit Insurance Corporation, and savings and loan holding companies</quote>;</text></subparagraph> <subparagraph commented="no" id="H4DC38CA6281E487684709948E504DCF4"><enum>(B)</enum><text>in paragraph (3), by adding <quote>and</quote> at the end;</text></subparagraph> <subparagraph commented="no" id="HC9C75DA946584C6D009011BE2FE092E6"><enum>(C)</enum><text>by striking paragraph (4); and</text></subparagraph> <subparagraph commented="no" id="H0DD09621C82B4EB19133BA5F4544D751"><enum>(D)</enum><text>by redesignating paragraph (5) as paragraph (4).</text></subparagraph></paragraph></subsection> <subsection commented="no" id="HB68E9A1ED5F842FEA06CEC795ED5A600"><enum>(x)</enum><header>Federal Financial Institutions Examination Council Act of 1978</header><text>The Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C. 3301 et seq.) is amended—</text> <paragraph commented="no" id="H978F406F7855453DBC956DF2DA65500"><enum>(1)</enum><text>in section 1003 (12 U.S.C. 3302), by striking <quote>the Office of Thrift Supervision,</quote>; and</text></paragraph> <paragraph commented="no" id="HB00DA73CBAE64F70A96DC56F57DE00A"><enum>(2)</enum><text>in section 1004 (12 U.S.C. 3303)—</text> <subparagraph commented="no" id="H36821E38F045467D9D1D4116AC7463D1"><enum>(A)</enum><text>by striking paragraph (4); and</text></subparagraph> <subparagraph commented="no" id="H4DAA4EE5D06A44FDB18E55153D00EBF4"><enum>(B)</enum><text>by redesignating paragraphs (5) and (6) as paragraphs (4) and (5), respectively.</text></subparagraph></paragraph></subsection> <subsection commented="no" id="HDDB7AF26753A4283A83678003246CC5E"><enum>(y)</enum><header>Right to Financial Privacy Act of 1978</header><text>Section 1101(7) of the Right to Financial Privacy Act of 1978 (12 U.S.C. 3401(7)) is amended—</text> <paragraph commented="no" id="H9B3491CBF12E4334931EA2BE294CC758"><enum>(1)</enum><text>by striking subparagraph (B); and</text></paragraph> <paragraph commented="no" id="HC86DA44AA7F04AE292195F91ADF4D13E"><enum>(2)</enum><text>by redesignating subparagraphs (C) through (I) as subparagraphs (B) through (H), respectively.</text></paragraph></subsection> <subsection commented="no" id="H149C16A56CA84F44B6E2F72BDD2E1E9D"><enum>(z)</enum><header>Alternative Mortgage Transaction Parity Act of 1982</header><text>Section 804(a)(3) of the Alternative Mortgage Transaction Parity Act of 1982 (12 U.S.C. 3803(a)(3)) is amended—</text> <paragraph commented="no" id="HDE0E3A69D4E84ECA9DA60072D9AAB2FC"><enum>(1)</enum><text>by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>; and</text></paragraph> <paragraph commented="no" id="HE72D085133D945E8B0CFE81E3FBDA0F"><enum>(2)</enum><text>by striking <quote>Federal Home Loan Bank Board</quote> and inserting <quote>Office of the Comptroller of the Currency</quote>.</text></paragraph></subsection> <subsection commented="no" id="H780F246F20664BEB97575911EC22D037"><enum>(aa)</enum><header>International Lending Supervision Act of 1983</header><text>Section 912 of the International Lending Supervision Act of 1983 (12 U.S.C. 3911) is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="H5949852D59B74B1EB15F93DA531F35BD" style="OLC"> <section commented="no" id="H6F76C538E8384174BD4671C104E090AF"><enum>912.</enum><header>Equal representation for Federal Deposit Insurance Corporation</header><text display-inline="no-display-inline">As 1 of the 3 Federal bank regulatory and supervisory agencies, and as the insurer of the United States banks involved in international lending, the Federal Deposit Insurance Corporation shall be given equal representation with the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency on the Committee on Banking Regulations and Supervisory Practices of the Group of Ten Countries and Switzerland.</text></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection> <subsection commented="no" id="H263075431F7F438782B7DAE0416502D0"><enum>(bb)</enum><header>Expedited Funds Availability Act</header><text>Section 610(a) of the Expedited Funds Availability Act (12 U.S.C. 4009(a)) is amended—</text> <paragraph commented="no" id="HBF70F7F845AB4715B6727BA597124D13"><enum>(1)</enum><text>in paragraph (1)—</text> <subparagraph commented="no" id="H7F49F30A67AD4C24BEB0F242274100FA"><enum>(A)</enum><text>in subparagraph (A), by inserting before <quote>national banks</quote> the following: <quote>savings associations, the deposits of which are insured by the Federal Deposit Insurance Corporation,</quote>; and</text></subparagraph> <subparagraph commented="no" id="HC1084B20CF0B4E03BFCDCCCEC6F7D720"><enum>(B)</enum><text>in subparagraph (C), by adding <quote>and</quote> at the end;</text></subparagraph></paragraph> <paragraph commented="no" id="H86C18ECDE5214CD985AFB599786481B"><enum>(2)</enum><text>by striking paragraph (2); and</text></paragraph> <paragraph commented="no" id="H8B705BFAEC1A4529A950977C66AD5F43"><enum>(3)</enum><text>by redesignating paragraph (3) as paragraph (2).</text></paragraph></subsection> <subsection commented="no" id="HB628EB182D06400FADA56942559BF93F"><enum>(cc)</enum><header>Truth in Savings Act</header><text>Section 270(a)(1)(C) of the Truth in Savings Act (12 U.S.C. 4309(a)(1)(C)) is amended by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>.</text></subsection> <subsection commented="no" id="HF9EBDA7E9726426BA831755714E08ED"><enum>(dd)</enum><header>Federal Housing Enterprises Financial Safety and Soundness Act of 1992</header><text>The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 is amended—</text> <paragraph commented="no" id="H40F4DB35C9214BF0957177FA70C3B543"><enum>(1)</enum><text>in section 1315(b) (12 U.S.C. 4515(b)), by striking <quote>the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision</quote> and inserting <quote>and the Federal Deposit Insurance Corporation</quote>; and</text></paragraph> <paragraph commented="no" id="HE73B7D420BDE47358E6F5F13904F008E"><enum>(2)</enum><text>in section 1317 (12 U.S.C. 4517) by striking <quote>the Federal Deposit Insurance Corporation, or the Director of the Office of Thrift Supervision</quote> and inserting <quote>or the Federal Deposit Insurance Corporation</quote>.</text></paragraph></subsection> <subsection commented="no" id="H6F9D8292DC3145A9B55F89E46314CFF9"><enum>(ee)</enum><header>Community Development Banking and Financial Institutions Act of 1994</header><text>Section 117(e) of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4716(e)) is amended by striking <quote>the Director of the Office of Thrift Supervision,</quote>.</text></subsection> <subsection commented="no" id="HC7E64646F5BE479086CBFCD262A972F7"><enum>(ff)</enum><header>Homeowners Protection Act of 1998</header><text>Section 10(a)(1)(C) of the Homeowners Protection Act of 1998 (12 U.S.C. 4909(a)(1)(C)) is amended by striking <quote>Director of the Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>.</text></subsection> <subsection commented="no" id="H9A401E9DAE37404C811CF9C609A7C4B7"><enum>(gg)</enum><header>Secure and Fair Enforcement for Mortgage Licensing Act of 2008</header><text>Section 1503(1) of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (12 U.S.C. 5102(1)) is amended by striking <quote>the Director of the Office of Thrift Supervision,</quote>.</text></subsection> <subsection commented="no" id="H4E2FB3D817D44EED9836B575DAF1E900"><enum>(hh)</enum><header>Emergency Economic Stabilization Act of 2008</header><text>Section 101(b) of the Emergency Economic Stabilization Act of 2008 (12 U.S.C. 5211(b)) is amended by striking <quote>the Director of the Office of Thrift Supervision,</quote>.</text></subsection> <subsection commented="no" id="HDB696885A069457982013900BBED73B1"><enum>(ii)</enum><header>Securities Exchange Act of 1934</header><text display-inline="yes-display-inline">The Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) is amended—</text> <paragraph commented="no" id="H2E4F5F727B9F4737ACC77CE8ECD74800"><enum>(1)</enum><text>in section 3(a)(34) (15 U.S.C. 78c(a)(34))—</text> <subparagraph commented="no" id="H364C75ED8FE741F8B500BAC5A0C6900"><enum>(A)</enum><text>in subparagraph (A)—</text> <clause commented="no" id="H8CC779348DBE43E7A0158614DBC19047"><enum>(i)</enum><text>in clause (i), by striking <quote>or a subsidiary or a department or division of any such bank</quote> and inserting <quote>a subsidiary or a department or division of any such bank, a savings association (as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813(b))), the deposits of which are insured by the Federal Deposit Insurance Corporation, a subsidiary or a department or division of any such savings association, or a savings and loan holding company</quote>;</text></clause> <clause commented="no" id="HC0C52344FE8547DBA24F2C432E205626"><enum>(ii)</enum><text>in clause (iii), by adding <quote>and</quote> at the end;</text></clause> <clause commented="no" id="HB91C42754B5E4AD09DD9BFC7E9FE00B8"><enum>(iii)</enum><text>by striking clause (iv); and</text></clause> <clause commented="no" id="H2501A635C19F4E9D9F5DE3B5CF1316D2"><enum>(iv)</enum><text>by redesignating clause (v) as clause (iv);</text></clause></subparagraph> <subparagraph commented="no" id="HFB8F4FA8A00D4F829FA9B6ED00A9EA12"><enum>(B)</enum><text>in subparagraph (B)—</text> <clause commented="no" id="HAFA4A1F4353443A40000FCB59829AD6D"><enum>(i)</enum><text>in clause (i), by striking <quote>or a subsidiary or a department or division of any such bank</quote> and inserting <quote>a subsidiary or a department or division of any such bank, a savings association (as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813(b))), the deposits of which are insured by the Federal Deposit Insurance Corporation, a subsidiary or a department or division of any such savings association, or a savings and loan holding company</quote>;</text></clause> <clause commented="no" id="H30B882FE486A426993C965D5EEAA2798"><enum>(ii)</enum><text>in clause (iii), by adding <quote>and</quote> at the end;</text></clause> <clause commented="no" id="H281EC957390C409ABDDA97F970A2D2E1"><enum>(iii)</enum><text>by striking clause (iv); and</text></clause> <clause commented="no" id="HB5AD46AB5A054A64850555FAB500B857"><enum>(iv)</enum><text>by redesignating clause (v) as clause (iv);</text></clause></subparagraph> <subparagraph commented="no" id="H2F86E46F220647749D5BBF44490342FC"><enum>(C)</enum><text>in subparagraph (C)—</text> <clause commented="no" id="H60B804566E11419B8EA6743C0071D9E9"><enum>(i)</enum><text>in clause (i), by inserting <quote>, a savings association (as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813(b))), the deposits of which are insured by the Federal Deposit Insurance Corporation, a savings and loan holding company, or a subsidiary of a savings and loan holding company</quote> after <quote>national bank</quote>;</text></clause> <clause commented="no" id="HFF68DBCE76AD4BB8A375D5F8F3F544DF"><enum>(ii)</enum><text>in clause (iii), by adding <quote>and</quote> at the end;</text></clause> <clause commented="no" id="H4C896BDDB5734704BBC8B525861CC84"><enum>(iii)</enum><text>by striking clause (iv); and</text></clause> <clause commented="no" id="H2A3B6FCC648049729D00BECFB68CB8"><enum>(iv)</enum><text>by redesignating clause (v) as clause (iv);</text></clause></subparagraph> <subparagraph commented="no" id="H27908244E4CE4E729603A464E53539AB"><enum>(D)</enum><text>in subparagraph (D)—</text> <clause commented="no" id="H24FFF3B6081D43FAA59144B54044A810"><enum>(i)</enum><text>in clause (i), by inserting <quote>or savings association (as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813(b))), the deposits of which are insured by the Federal Deposit Insurance Corporation</quote> after <quote>national bank</quote>;</text></clause> <clause commented="no" id="H9E1CC01D60374C72ACC4E200D73FC5EC"><enum>(ii)</enum><text>in clause (ii), by adding <quote>and</quote> at the end;</text></clause> <clause commented="no" id="HFB3E6F7413674A919590F7C7B65E1A3"><enum>(iii)</enum><text>by striking clause (iii); and</text></clause> <clause commented="no" id="H5B4A62A55468486CB4B7FEC2515EC2B8"><enum>(iv)</enum><text>by redesignating clause (iv) as clause (iii);</text></clause></subparagraph> <subparagraph commented="no" id="H8BA6BBF6F43C481BA2A088F8E700CDB"><enum>(E)</enum><text>in subparagraph (F)—</text> <clause commented="no" id="H8811C776C9C14A1F92873939032B3250"><enum>(i)</enum><text>in clause (i), by inserting <quote>or savings association (as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813(b))), the deposits of which are insured by the Federal Deposit Insurance Corporation</quote> after <quote>national bank</quote>;</text></clause> <clause commented="no" id="HEA846EAEA9D64C799029FAF800FA3B43"><enum>(ii)</enum><text>by striking clause (ii); and</text></clause> <clause commented="no" id="H4DEAD9D354814A5CA63765A0EC86FE31"><enum>(iii)</enum><text>by redesignating clauses (iii) through (v) as clauses (ii) through (iv), respectively;</text></clause></subparagraph> <subparagraph commented="no" id="H0473A6C5E63B47EABA1262009BF71E4B"><enum>(F)</enum><text>in subparagraph (G)—</text> <clause commented="no" id="H0B3E15BCA19B4E96B031C6F9F51EBB2"><enum>(i)</enum><text>in clause (i), by inserting <quote>or a savings association (as defined in section 3(b) of the Federal Deposit Insurance Act), the deposits of which are insured by the Federal Deposit Insurance Corporation </quote> after <quote>1978)</quote>;</text></clause> <clause commented="no" id="HD9FBE3FE9B454D3FB8D15357B777DB37"><enum>(ii)</enum><text>in clause (iii), by adding <quote>and</quote> at the end; and</text></clause> <clause commented="no" id="H57B119CF310D44EE80B7BAEC7D5BE75C"><enum>(iii)</enum><text>by striking clause (iv); and</text></clause></subparagraph> <subparagraph commented="no" id="H77702988251D4ACD90D5395C234ED414"><enum>(G)</enum><text>in the matter following subparagraph (H)(iv), by striking <quote>Office of Thrift Supervision</quote> and inserting <quote>Comptroller of the Currency</quote>;</text></subparagraph></paragraph> <paragraph commented="no" id="HB94519613C4741C3888D1D20E4F8DEBC"><enum>(2)</enum><text>in section 12(i) (15 U.S.C. 78l(i))—</text> <subparagraph commented="no" id="HE04611B07D8943C3B726AE742C36D600"><enum>(A)</enum><text>in the first sentence—</text> <clause commented="no" id="H626F4632227A457CB1C8E6D5CE77E3E"><enum>(i)</enum><text>by inserting <quote>and savings associations, the accounts of which are insured by the Federal Deposit Insurance Corporation</quote> after <quote>national banks</quote>;</text></clause> <clause commented="no" id="H897C64C1BD14439E97475CE95E1800D6"><enum>(ii)</enum><text>by inserting <quote>and</quote> before <quote>(3)</quote>; and</text></clause> <clause commented="no" id="HA63E163E397A42B4ABCCC6D600E7D943"><enum>(iii)</enum><text>by striking <quote>, and (4) with respect to savings associations the accounts of which are insured by the Federal Deposit Insurance Corporation are vested in the Office of Thrift Supervision</quote>; and</text></clause></subparagraph> <subparagraph commented="no" id="H3D814A1C955A461FA9559800B234ECC9"><enum>(B)</enum><text>in the second sentence, by striking <quote>the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision</quote> and inserting <quote>and the Federal Deposit Insurance Corporation</quote>; and</text></subparagraph></paragraph> <paragraph commented="no" id="H4D8C9236BE254D8F823FF6B4C9DBC65"><enum>(3)</enum><text>in section 15C(g) (15 U.S.C. 78o–5(g)), by striking <quote>the Director of the Office of Thrift Supervision,</quote>.</text></paragraph></subsection> <subsection commented="no" id="H4103927EFD6942E38D2472459CDB6B88"><enum>(jj)</enum><header>Financial Services Regulatory Relief Act of 2006</header><text>Section 101(c) of the Financial Services Regulatory Relief Act of 2006 (15 U.S.C. 78c note) is amended by striking <quote>the Office of Thrift Supervision,</quote>.</text></subsection> <subsection commented="no" id="HC22EEF4A9CAB44059F000972A886D9AA"><enum>(kk)</enum><header>Truth in Lending Act</header><text>Section 108(a) of the Truth in Lending Act (15 U.S.C. 1607(a)) is amended—</text> <paragraph commented="no" id="H33AED5183DFC41C1AA87A5E6D58A9D3"><enum>(1)</enum><text>in paragraph (1)(A), by inserting <quote>savings associations, the deposits of which are insured by the Federal Deposit Insurance Corporation,</quote> before <quote>national banks</quote>;</text></paragraph> <paragraph commented="no" id="H394D2D03FB8F4118A793ED6500E48CAB"><enum>(2)</enum><text>by striking paragraph (2); and</text></paragraph> <paragraph commented="no" id="HC97DFDB32BF64D0892B92597E63C37B1"><enum>(3)</enum><text>by redesignating paragraphs (3) through (6) as paragraphs (2) through (5), respectively.</text></paragraph></subsection> <subsection commented="no" id="H7159E530AB2D41B00040E500AA754BC2"><enum>(ll)</enum><header>Fair Credit Reporting Act</header><text>Section 621(b) of the Fair Credit Reporting Act (15 U.S.C. 1681s(b))—</text> <paragraph commented="no" id="HB8D3D7E2DF424E96A877A267BBAA685B"><enum>(1)</enum><text>in paragraph (1)(A), by inserting <quote>savings associations, the deposits of which are insured by the Federal Deposit Insurance Corporation,</quote> before <quote>national banks</quote>;</text></paragraph> <paragraph commented="no" id="H5E745BCEBF0E427AA5C7BC5D04A7CFC8"><enum>(2)</enum><text>by striking paragraph (2); and</text></paragraph> <paragraph commented="no" id="H1C9F6B30C12544D8A3A3B615B05BACD3"><enum>(3)</enum><text>by redesignating paragraphs (3) through (6) as paragraphs (2) through (5), respectively.</text></paragraph></subsection> <subsection commented="no" id="HB2665EAAAC13406A835EC0217362AB03"><enum>(mm)</enum><header>Equal Credit Opportunity Act</header><text>Section 704(a) of the Equal Credit Opportunity Act (15 U.S.C. 1691c(a)) is amended—</text> <paragraph commented="no" id="H0CCF51D3ABE745E395F4EF676508F47C"><enum>(1)</enum><text>in paragraph (1)(A), by inserting <quote>savings associations, the deposits of which are insured by the Federal Deposit Insurance Corporation,</quote> before <quote>national banks</quote>;</text></paragraph> <paragraph commented="no" id="HAC8428811D7645E9AFC432F12FB4FB9C"><enum>(2)</enum><text>by striking paragraph (2); and</text></paragraph> <paragraph commented="no" id="H0ED2B6EA28224C46B88D85F7B4E0E36"><enum>(3)</enum><text>by redesignating paragraphs (3) through (9) as paragraphs (2) through (8), respectively.</text></paragraph></subsection> <subsection commented="no" id="HC8E400026B7148619692ED9B0001B00"><enum>(nn)</enum><header>Fair Debt Collection Practices Act</header><text>Section 814(b) of the Fair Debt Collection Practices Act (15 U.S.C. 1692l(b)) is amended—</text> <paragraph commented="no" id="HAFC17795B73D40E500151CC5E72BC1C4"><enum>(1)</enum><text>in paragraph (1)(A), by inserting <quote>savings associations, the deposits of which are insured by the Federal Deposit Insurance Corporation,</quote> before <quote>national banks</quote>;</text></paragraph> <paragraph commented="no" id="HF89E80ACB2C14A4E9BF5F100A67CFE92"><enum>(2)</enum><text>by striking paragraph (2); and</text></paragraph> <paragraph commented="no" id="H88115E9B23714564A2E5CA5518BB37F"><enum>(3)</enum><text>by redesignating paragraphs (3) through (6) as paragraphs (2) through (5), respectively.</text></paragraph></subsection> <subsection commented="no" id="H912A10CCBFCD4357B3CFA0CFADFAAEF6"><enum>(oo)</enum><header>Electronic Fund Transfer Act</header><text>Section 917(a) of the Electronic Fund Transfer Act (15 U.S.C. 1693o(a)) is amended—</text> <paragraph commented="no" id="HD3532B25DD3349EABBB4192630A3B4EB"><enum>(1)</enum><text>in paragraph (1)(A), by inserting <quote>savings associations, the deposits of which are insured by the Federal Deposit Insurance Corporation,</quote> before <quote>national banks</quote>;</text></paragraph> <paragraph commented="no" id="H88118B4FFD54416EB7F29100222089D5"><enum>(2)</enum><text>by striking paragraph (2); and</text></paragraph> <paragraph commented="no" id="H11F257EBB8424D0391622DC3EE28389D"><enum>(3)</enum><text>by redesignating paragraphs (3) through (5) as paragraphs (2) through (4), respectively.</text></paragraph></subsection> <subsection commented="no" id="H27C63447A9A44B86A7097C69B785C592"><enum>(pp)</enum><header>Children's Online Privacy Protection Act of 1998</header><text>Section 1306(b) of the Children's Online Privacy Protection Act of 1998 (15 U.S.C. 6505(b)) is amended—</text> <paragraph commented="no" id="H607FA6DBC06B43669BC2FFA74E720D8"><enum>(1)</enum><text>in paragraph (1)(A), by inserting <quote>savings associations, the deposits of which are insured by the Federal Deposit Insurance Corporation,</quote> before <quote>national banks</quote>;</text></paragraph> <paragraph commented="no" id="HBA86F57E148D40CAAEFE97F384C1C7D"><enum>(2)</enum><text>by striking paragraph (2); and</text></paragraph> <paragraph commented="no" id="HE86183D384F14467A5CAC79041F5E3ED"><enum>(3)</enum><text>by redesignating paragraphs (3) through (6) as paragraphs (2) through (5), respectively.</text></paragraph></subsection> <subsection commented="no" id="H489E790F7E2A4141A34037E7659398DE"><enum>(qq)</enum><header>Controlling the Assault of Non-Solicited Pornography and Marketing Act of 2003</header><text>Section 7(b)(1) of the Controlling the Assault of Non-Solicited Pornography and Marketing Act of 2003 (15 U.S.C. 7706(b)(1)) is amended—</text> <paragraph commented="no" id="H5E4F6FC802B64E4EA700782EE8AEEA81"><enum>(1)</enum><text>in subparagraph (A), by inserting <quote>savings associations, the deposits of which are insured by the Federal Deposit Insurance Corporation,</quote> before <quote>national banks</quote>;</text></paragraph> <paragraph commented="no" id="H2F2BA106086A4DD1AF002F9054224DD5"><enum>(2)</enum><text>in subparagraph (B), by adding <quote>and</quote> at the end;</text></paragraph> <paragraph commented="no" id="H8B9A934347654A66834B9030992D0764"><enum>(3)</enum><text>in subparagraph (C), by striking <quote>and</quote> at the end; and</text></paragraph> <paragraph commented="no" id="H29309769D9B0473AA9CC8636BE67E9B7"><enum>(4)</enum><text>by striking subparagraph (D).</text></paragraph></subsection> <subsection commented="no" id="HA01EF189B2C54360A9C347FBE616656C"><enum>(rr)</enum><header>Title 18</header><text>Title 18, United States Code, is amended—</text> <paragraph commented="no" id="HC0BC7D466F7548699929B0C877B278F2"><enum>(1)</enum><text>in section 212(c)(2)—</text> <subparagraph commented="no" id="H51B4A9810A9645DC97BBA110F9B4154"><enum>(A)</enum><text>by striking subparagraph (C); and</text></subparagraph> <subparagraph commented="no" id="H27DBC4A8A7164860AA370089447832E6"><enum>(B)</enum><text>by redesignating subparagraphs (D) through (H) as subparagraphs (C) through (G), respectively;</text></subparagraph></paragraph> <paragraph commented="no" id="HEF942845C8464EADAD9354ADCBEF4D"><enum>(2)</enum><text>in section 657, by striking <quote>Thrift Supervision</quote> and inserting <quote>the Comptroller of the Currency with respect to any functions transferred from the Office of Thrift Supervision pursuant to section 202 of the <short-title>Financial System Stabilization and Reform Act of 2009</short-title></quote>;</text></paragraph> <paragraph commented="no" id="HEFF550E28D8D4131B41B90AE5510DA26"><enum>(3)</enum><text>in the matter following section 981(a)(1)(D)(vi), by striking <quote>or the Office of Thrift Supervision</quote>;</text></paragraph> <paragraph commented="no" id="HF6D8A084CB7A4D6000D9C9CF18823CAB"><enum>(4)</enum><text>in the matter following section 982(a)(3)(F), by striking <quote>or the Office of Thrift Supervision,</quote>;</text></paragraph> <paragraph commented="no" id="H2BFFE17CC77C4C6B913846AEBA6ED0C7"><enum>(5)</enum><text>in section 1006, by striking <quote>Thrift Supervision</quote> and inserting <quote>the Comptroller of the Currency with respect to any functions transferred from the Office of Thrift Supervision pursuant to section 202 of the <short-title>Financial System Stabilization and Reform Act of 2009</short-title></quote>;</text></paragraph> <paragraph commented="no" id="H8823A39B0A064DDEA649C5F243095EC3"><enum>(6)</enum><text>in section 1014, by striking <quote>Thrift Supervision</quote> and inserting <quote>the Comptroller of the Currency with respect to any functions transferred from the Office of Thrift Supervision pursuant to section 202 of the <short-title>Financial System Stabilization and Reform Act of 2009</short-title></quote>; and</text></paragraph> <paragraph commented="no" id="HB65D99F13018445EA826FFC035262B5"><enum>(7)</enum><text>in section 1032(1), by striking <quote>or the Director of the Office of Thrift Supervision,</quote>.</text></paragraph></subsection> <subsection commented="no" id="HC5283206DE3540F98F10D1A15204CE3C"><enum>(ss)</enum><header>Title 31</header><text>Title 31, United States Code, is amended—</text> <paragraph commented="no" id="HC0ECFE11AECF4B80892B9F3D002B7700"><enum>(1)</enum><text>by striking section 309;</text></paragraph> <paragraph commented="no" id="HBCAD93CF8DBA4D7FADFE7155C868FC04"><enum>(2)</enum><text>in section 321(c)—</text> <subparagraph commented="no" id="HF9E074047BE64D21B5221BFB53FBA999"><enum>(A)</enum><text>in paragraph (2), by striking <quote>; and</quote> and inserting a period; and</text></subparagraph> <subparagraph commented="no" id="H84C7F805B5CB4AEFABC4C0073715400"><enum>(B)</enum><text>by striking paragraph (3); and</text></subparagraph></paragraph> <paragraph commented="no" id="H5E2F079EFF4F4DEEB2FCBFEEDF28FF6"><enum>(3)</enum><text>in section 714(1), by striking <quote>the Office of the Comptroller of the Currency, and the Office of Thrift Supervision</quote> and inserting <quote>and the Office of the Comptroller of the Currency</quote>.</text></paragraph></subsection> <subsection commented="no" id="H159BB3CCC2144D0FA6DD5BCE814F7619"><enum>(tt)</enum><header>Flood Disaster Protection Act of 1973</header><text>Section 3(a)(5) of the Flood Disaster Protection Act of 1973 (42 U.S.C. 4003(a)(5)) is amended by striking <quote>the Office of Thrift Supervision,</quote>.</text></subsection> <subsection commented="no" display-inline="no-display-inline" id="H199BF37D10054C1D99D270F500EF84B7"><enum>(uu)</enum><header>National Flood Insurance Act of 1968</header><text>Section 1370(a)(9) of the National Flood Insurance Act of 1968 (42 U.S.C. 4121(a)(9)) is amended by striking <quote>the Office of Thrift Supervision,</quote>.</text></subsection></section> <section commented="no" id="H06B60C1B951143D1BCDBFF1E6E98C412"><enum>211.</enum><header>Additional conforming references</header><text display-inline="no-display-inline">Except as provided under this Act, reference in any other Federal law, Executive order, rule, regulation, or delegation of authority, or any document of or relating to—</text> <paragraph commented="no" id="HF0FAEC2A40F94E3785F678E636BD58C"><enum>(1)</enum><text>the Director of the Office of Thrift Supervision, with regard to functions transferred under section 202, shall be deemed to refer to the Comptroller of the Currency; and</text></paragraph> <paragraph commented="no" id="H12035B949C9B4EBE83DEEF5844634FC6"><enum>(2)</enum><text>the Office of Thrift Supervision, with regard to functions transferred under this Act, shall be deemed to refer to the Office of the Comptroller of the Currency.</text></paragraph></section>