Page:United States Statutes at Large Volume 120.djvu/2026

 PUBLIC LAW 109–351—OCT. 13, 2006

120 STAT. 1995

‘‘(iii) AUTHORITY OF ACTING DIRECTOR.—Any Deputy Director, while serving as Acting Director under this subparagraph, shall be vested with all authority, duties, and privileges of the Director under this Act and any other provision of Federal law.’’. SEC. 713. OFFICE OF THRIFT SUPERVISION REPRESENTATION ON BASEL COMMITTEE ON BANKING SUPERVISION.

Government organization.

(a) IN GENERAL.—Section 912 of the International Lending Supervision Act of 1983 (12 U.S.C. 3911) is amended— (1) in the section heading, by inserting at the end the following: ‘‘AND THE OFFICE OF THRIFT SUPERVISION’’; (2) by striking ‘‘As one of the three’’ and inserting the following: ‘‘(a) IN GENERAL.—As one of the 4’’; and (3) by adding at the end the following: ‘‘(b) As one of the 4 Federal bank regulatory and supervisory agencies, the Office of Thrift Supervision shall be given equal representation with the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation on the Committee on Banking Regulations and Supervisory Practices of the Group of Ten Countries and Switzerland.’’. (b) CONFORMING AMENDMENTS.—Section 910(a) of the International Lending Supervision Act of 1983 (12 U.S.C. 3909(a)) is amended— (1) in paragraph (2), by striking ‘‘insured bank’’ and inserting ‘‘insured depository institution’’; and (2) in paragraph (3), by striking ‘‘an ‘insured bank’, as such term is used in section 3(h)’’ and inserting ‘‘an ‘insured depository institution’, as such term is defined in section 3(c)(2)’’. SEC. 714. FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL.

(a) COUNCIL MEMBERSHIP.—Section 1004(a) of the Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C. 3303(a)) is amended— (1) in paragraph (4), by striking ‘‘Thrift’’ and all that follows through the end of the paragraph and inserting ‘‘Thrift Supervision,’’; (2) in paragraph (5) by striking the period at the end and inserting ‘‘, and’’; and (3) by adding at the end the following: ‘‘(6) the Chairman of the State Liaison Committee.’’. (b) CHAIRPERSON OF LIAISON COMMITTEE.—Section 1007 of the Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C. 3306) is amended by adding at the end the following: ‘‘Members of the Liaison Committee shall elect a chairperson from among the members serving on the committee.’’. SEC. 715. TECHNICAL AMENDMENTS RELATING TO INSURED INSTITUTIONS.

(a) TECHNICAL AMENDMENT TO THE FEDERAL DEPOSIT INSURANCE ACT.—Section 8(i)(3) of the Federal Deposit Insurance Act (12 U.S.C. 1818(i)(3)) is amended by inserting ‘‘or order’’ after ‘‘notice’’ each place that term appears. (b) TECHNICAL AMENDMENT TO THE FEDERAL CREDIT UNION ACT.—Section 206(k)(3) of the Federal Credit Union Act (12 U.S.C.

VerDate 14-DEC-2004

13:05 Jul 12, 2007

Jkt 059194

PO 00002

Frm 00739

Fmt 6580

Sfmt 6581

E:\PUBLAW\PUBL002.109

APPS06

PsN: PUBL002

�