Page:United States Statutes at Large Volume 120.djvu/2004

 PUBLIC LAW 109–351—OCT. 13, 2006

120 STAT. 1973

(i) in clause (ii), by striking ‘‘and’’ at the end; (ii) by redesignating clause (iii) as clause (iv); and (iii) by inserting after clause (ii) the following: ‘‘(iii) the Director of the Office of Thrift Supervision, in the case of 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; and’’; (E) in subparagraph (F)— (i) by redesignating clauses (ii), (iii), and (iv) as clauses (iii), (iv), and (v), respectively; and (ii) by inserting after clause (i) the following: ‘‘(ii) the Director of the Office of Thrift Supervision, in the case of 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; and’’; (F) by moving subparagraph (H) and inserting such subparagraph immediately after subparagraph (G); and (G) by adding at the end of the undesignated matter at the end the following: ‘‘As used in this paragraph, the term ‘savings and loan holding company’ has the same meaning as in section 10(a) of the Home Owners’ Loan Act (12 U.S.C. 1467a(a)).’’. (3) CONFORMING EXEMPTION TO REPORTING REQUIREMENT.— Section 23(b)(1) of the Securities Exchange Act of 1934 (15 U.S.C. 78w(b)(1)) is amended by inserting ‘‘other than the Office of Thrift Supervision,’’ before ‘‘shall each’’. (b) INVESTMENT ADVISERS ACT OF 1940.— (1) DEFINITION OF BANK.—Section 202(a)(2) of the Investment Advisers Act of 1940 (15 U.S.C. 80b–2(a)(2)) is amended— (A) in subparagraph (A), by inserting ‘‘or a Federal savings association, as defined in section 2(5) of the Home Owners’ Loan Act’’ after ‘‘a banking institution organized under the laws of the United States’’; and (B) in subparagraph (C)— (i) by inserting ‘‘, savings association, as defined in section 2(4) of the Home Owners’ Loan Act,’’ after ‘‘banking institution’’; and (ii) by inserting ‘‘or savings associations’’ after ‘‘having supervision over banks’’. (2) CONFORMING AMENDMENTS.—Section 210A of the Investment Advisers Act of 1940 (15 U.S.C. 80b–10a) is amended in each of subsections (a)(1)(A)(i), (a)(1)(B), (a)(2), and (b), by striking ‘‘bank holding company’’ each place that term appears and inserting ‘‘bank holding company or savings and loan holding company’’. (c) CONFORMING AMENDMENT TO THE INVESTMENT COMPANY ACT OF 1940.—Section 10(c) of the Investment Company Act of 1940 (15 U.S.C. 80a–10(c)) is amended by inserting after ‘‘1956)’’ the following: ‘‘or any one savings and loan holding company, together with its affiliates and subsidiaries (as such terms are defined in section 10 of the Home Owners’ Loan Act),’’.

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