[Congressional Record Volume 164, Number 41 (Thursday, March 8, 2018)]
[Senate]
[Page S1594]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2178. Mr. CORKER (for himself and Mr. Kennedy) submitted an 
amendment intended to be proposed to amendment SA 2151 proposed by Mr. 
Crapo (for himself, Mr. Donnelly, Ms. Heitkamp, Mr. Tester, and Mr. 
Warner) to the bill S. 2155, to promote economic growth, provide 
tailored regulatory relief, and enhance consumer protections, and for 
other purposes; which was ordered to lie on the table; as follows:

       In section 402 of the amendment, strike subsection (a) and 
     insert the following:
       (a) Definition of Custodial Bank.--
       (1) In general.--In this section, the term ``custodial 
     bank'' means--
       (A) any depository institution holding company that--
       (i) is not directly or indirectly controlled by a 
     depository institution holding company; and
       (ii) has consolidated assets under custody that are not 
     less than 30 times the total consolidated assets of the 
     depository institution holding company; and
       (B) any company controlled directly or indirectly by a 
     depository institution holding company described in 
     subparagraph (A).
       (2) Control.--For purposes of paragraph (1), a company has 
     control over a bank or over any company if the company has 
     control over the bank or other company under section 2(a)(2) 
     of the Bank Holding Company Act of 1956 (12 U.S.C. 
     1841(a)(2)).
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