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[COMMITTEE PRINT]
OCTOBER 29, 2009
TITLE I—FINANCIAL STABILITY
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IMPROVEMENT
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SEC. 1000. SHORT TITLE; DEFINITIONS; TABLE OF CON-
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TENTS.
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(a) S
HORT
T
ITLE
.—This title may be cited as the
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‘‘Financial Stability Improvement Act of 2009’’.
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(b) D
EFINITIONS
.—For purposes of this Act, the fol-
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lowing definitions shall apply:
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(1) The term ‘‘Board’’ means the Board of 
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Governors of the Federal Reserve System.
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(2) The term ‘‘Council’’ means the Financial
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Services Oversight Council established under section
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1001 of this Act.
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(3) The term ‘‘Federal financial regulatory 
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agency’’ means any agency that has a voting mem-
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 ber of the Council as set forth in section 1001(b)(1).
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(4) The term ‘‘financial company’’ means a
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company or other entity—
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(A) that is—
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(i) incorporated or organized under
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the laws of the United States or any State,
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territory, or possession of the United
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2States, the District of Columbia, Common-
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 wealth of Puerto Rico, Commonwealth of 
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Northern Mariana Islands, Guam, Amer-
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ican Samoa, or the United States Virgin
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Islands;
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(ii) a Federal or State branch or
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agency of a foreign bank as such terms are
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defined in the International Banking Act
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of 1978 (12 U.S.C. 3101(b)); or
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(iii) a United States affiliate or other
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United States operating entity of a com-
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pany that is incorporated or organized in
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a country other than the United States;
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and
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(B) that is, in whole or in part, directly or
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indirectly, engaged in financial activities.
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(5) The term ‘‘identified financial holding com-
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pany’’ means a financial company that the Council
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has identified for heightened prudential standards
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 under subtitle B of this Act, unless such financial
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company is required to establish an intermediate
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holding company under section 6 of the Bank Hold-
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ing Company Act, in which case the ‘‘identified fi-
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nancial holding company’’ is such section 6 holding
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3company through which the financial company is re-
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quired to conduct its financial activities.
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(6) The term ‘‘primary financial regulatory 
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agency’’ means the following:
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(A) The Comptroller of the Currency, with
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respect to any national bank, any Federal
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 branch or Federal agency of a foreign bank,
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and, after the date on which the functions of 
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the Office of Thrift Supervision and the Direc-
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tor of the Office of Thrift Supervision are
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transferred under subtitle C, a Federal savings
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association.
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(B) The Board, with respect to—
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(i) a State member bank;
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(ii) any bank holding company and
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any subsidiary of such company (as such
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terms are defined in the Bank Holding
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Company Act), other than a subsidiary 
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that is described in any other subpara-
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graph of this paragraph to the extent that
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the subsidiary is engaged in an activity de-
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scribed in such subparagraph;
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(iii) any identified financial holding
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company and any subsidiary (as such term
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is defined in the Bank Holding Company 
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