Page:United States Statutes at Large Volume 108 Part 3.djvu/462

 108 STAT. 2214 PUBLIC LAW 103-325—SEPT. 23, 1994 a participating State if the State continued its own capital access program in accordance with section 253(b). (c) USE OF REIMBURSEMENTS.—The Fund may use funds reimbursed pursuant to this section to make reimbursements under section 257. 12 USC 4749. SEC. 259. REGULATIONS. The Fund shall promulgate appropriate regulations to implement this subtitle. 12 USC 4750. SEC. 260. AUTHORIZATION OF APPROPRIATIONS. (a) AMOUNT.— There are authorized to be appropriated to the Fund $50,000,000 to carry out this subtitle. (b) BUDGETARY TREATMENT. — The amount authorized to be appropriated under subsection (a) shall be subject to discretionary spending caps, as provided in section 601 of the Congressional Budget Act of 1974, and therefore shall reduce by an equal amount funds made available for other discretionary spending programs. 12 USC 4741 SEC. 261. EFFECTIVE DATE. This subtitle shall become effective on January 6, 1996. TITLE III—PAPERWORK REDUCTION AND REGULATORY IMPROVEMENT 12 USC 4801. SEC. 301. INCORPORATED DEFINITIONS. Unless otherwise specifically provided in this title, for purposes of this title— (1) the terms "appropriate Federal banking agency", "Federal banking agencies", "insured depository institution", and "State bank supervisor" have the same meanings as in section 3 of the Federal Deposit Insurance Act; and (2) the term "insured credit union" has the same meaning as in section 101 of the Federal Credit Union Act. 12 USC 4802. SEC. 302. ADMINISTRATIVE CONSIDERATION OF BURDEN WITH NEW REGULATIONS. (a) AGENCY CONSIDERATIONS.— In determining the effective date and administrative compliance requirements for new regulations that impose additional reporting, disclosure, or other requirements on insured depository institutions, each Federal banking agency shall consider, consistent with the principles of safety and soundness and the public interest— (1) any administrative burdens that such regulations would place on depository institutions, including small depository institutions and customers of depository institutions; and (2) the benefits of such regulations. (b) ADEQUATE TRANSITION PERIOD FOR NEW REGULATIONS.— Effective date. (1) IN GENERAL. — New regulations and amendments to regulations prescribed by a Federal banking agency which impose additional reporting, disclosures, or other new requirements on insured depository institutions shall take effect on the first day of a calendar quarter which begins on or after the date on which the regulations are published in final form, unless—

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