Page:United States Statutes at Large Volume 120.djvu/2034

 PUBLIC LAW 109–351—OCT. 13, 2006

120 STAT. 2003

(18) In section 206(t)(2)(C), strike ‘‘material affect’’ and insert ‘‘material effect’’. (19) In section 206(t)(4)(A)(ii)(II), strike ‘‘or’’ after the semicolon at the end. (20) In section 206A(a)(2)(A), strike ‘‘regulator agency’’ and insert ‘‘regulatory agency’’. (21) In section 207(c)(5)(B)(i)(I), insert ‘‘and’’ after the semicolon at the end. (22) In the heading for subparagraph (A) of section 207(d)(3), strike ‘‘TO’’ and insert ‘‘WITH’’. (23) In section 207(f)(3)(A), strike ‘‘category or claimants’’ and insert ‘‘category of claimants’’. (24) In section 209(a)(8), strike the period at the end and insert a semicolon. (25) In section 216(n), insert ‘‘any action’’ before ‘‘that is required’’. (26) In section 304(b)(3), strike ‘‘the affairs or such credit union’’ and insert ‘‘the affairs of such credit union’’. (27) In section 310, strike ‘‘section 102(e)’’ and insert ‘‘section 102(d)’’.

12 USC 1786a. 12 USC 1787.

12 USC 1789. 12 USC 1790d. 12 USC 1795c. 12 USC 1795i.

SEC. 727. REPEAL OF OBSOLETE PROVISIONS OF THE BANK HOLDING COMPANY ACT OF 1956.

(a) IN GENERAL.—Section 2 of the Bank Holding Company Act of 1956 (12 U.S.C. 1841) is amended— (1) in subsection (c)(2), by striking subparagraphs (I) and (J); and (2) by striking subsection (m) and inserting the following: ‘‘(m) [Repealed]’’. (b) TECHNICAL AND CONFORMING AMENDMENTS.—Paragraphs (1) and (2) of section 4(h) of the Bank Holding Company Act of 1956 (12 U.S.C. 1843(h)) are each amended by striking ‘‘(G), (H), (I), or (J) of section 2(c)(2)’’ and inserting ‘‘(G), or (H) of section 2(c)(2)’’. SEC. 728. DEVELOPMENT OF MODEL PRIVACY FORM.

Section 503 of the Gramm-Leach-Bliley Act (15 U.S.C. 6803), as amended by section 609, is amended by adding at the end the following: ‘‘(e) MODEL FORMS.— ‘‘(1) IN GENERAL.—The agencies referred to in section 504(a)(1) shall jointly develop a model form which may be used, at the option of the financial institution, for the provision of disclosures under this section. ‘‘(2) FORMAT.—A model form developed under paragraph (1) shall— ‘‘(A) be comprehensible to consumers, with a clear format and design; ‘‘(B) provide for clear and conspicuous disclosures; ‘‘(C) enable consumers easily to identify the sharing practices of a financial institution and to compare privacy practices among financial institutions; and ‘‘(D) be succinct, and use an easily readable type font. ‘‘(3) TIMING.—A model form required to be developed by this subsection shall be issued in proposed form for public comment not later than 180 days after the date of enactment of this subsection.

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