S.Amdt. 2178

SA 2178. Mr. CORKER (for himself and Mr. Kennedy) submitted an
amendment intended to be proposed to amendment SA 2151 proposed by Mr.
Crapo (for himself, Mr. Donnelly, Ms. Heitkamp, Mr. Tester, and Mr.
Warner) to the bill S. 2155, to promote economic growth, provide
tailored regulatory relief, and enhance consumer protections, and for
other purposes; which was ordered to lie on the table; as follows:

In section 402 of the amendment, strike subsection (a) and
insert the following:
(a) Definition of Custodial Bank.--
(1) In general.--In this section, the term ``custodial
bank'' means--
(A) any depository institution holding company that--
(i) is not directly or indirectly controlled by a
depository institution holding company; and
(ii) has consolidated assets under custody that are not
less than 30 times the total consolidated assets of the
depository institution holding company; and
(B) any company controlled directly or indirectly by a
depository institution holding company described in
subparagraph (A).
(2) Control.--For purposes of paragraph (1), a company has
control over a bank or over any company if the company has
control over the bank or other company under section 2(a)(2)
of the Bank Holding Company Act of 1956 (12 U.S.C.
1841(a)(2)).
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