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PUBLIC LAW 111–203—JULY 21, 2010 124 STAT. 1607

‘‘(B) avoid duplication of examination activities,
reporting requirements, and requests for information; and
‘‘(C) ensure that the depository institution holding com-
pany and the subsidiaries of the depository institution
holding company are not subject to conflicting supervisory
demands by the appropriate Federal banking agencies.
‘‘(g) RULE OF CONSTRUCTION.—No provision of this section shall
be construed as limiting any authority of the Board, the Corpora-
tion, or the Comptroller of the Currency under any other provision
of law.’’.
(b) EFFECTIVE DATE.—The amendment made by subsection (a) 12 USC 1831c
shall take effect on the transfer date. note.

SEC. 606. REQUIREMENTS FOR FINANCIAL HOLDING COMPANIES TO
REMAIN WELL CAPITALIZED AND WELL MANAGED.
(a) AMENDMENT.—Section 4(l)(1) of the Bank Holding Company
Act of 1956 (12 U.S.C. 1843(l)(1)) is amended—
(1) in subparagraph (B), by striking ‘‘and’’ at the end;
(2) by redesignating subparagraph (C) as subparagraph
(D);
(3) by inserting after subparagraph (B) the following:
‘‘(C) the bank holding company is well capitalized and
well managed; and’’; and
(4) in subparagraph (D)(ii), as so redesignated, by striking
‘‘subparagraphs (A) and (B)’’ and inserting ‘‘subparagraphs (A),
(B), and (C)’’.
(b) HOME OWNERS’ LOAN ACT AMENDMENT.—Section 10(c)(2)
of the Home Owners’ Loan Act (12 U.S.C. 1467a(c)(2)) is amended
by adding at the end the following new subparagraph:
‘‘(H) Any activity that is permissible for a financial
holding company (as such term is defined under section
2(p) of the Bank Holding Company Act of 1956 (12 U.S.C.
1841(p)) to conduct under section 4(k) of the Bank Holding
Company Act of 1956 if—
‘‘(i) the savings and loan holding company meets
all of the criteria to qualify as a financial holding
company, and complies with all of the requirements
applicable to a financial holding company, under sec-
tions 4(l) and 4(m) of the Bank Holding Company
Act and section 804(c) of the Community Reinvestment
Act of 1977 (12 U.S.C. 2903(c)) as if the savings and
loan holding company was a bank holding company;
and
‘‘(ii) the savings and loan holding company con-
ducts the activity in accordance with the same terms,
conditions, and requirements that apply to the conduct
of such activity by a bank holding company under
the Bank Holding Company Act of 1956 and the
Board’s regulations and interpretations under such
Act.’’.
(c) EFFECTIVE DATE.—The amendments made by this section 12 USC 1467a
shall take effect on the transfer date. note.

SEC. 607. STANDARDS FOR INTERSTATE ACQUISITIONS.
(a) ACQUISITION OF BANKS.—Section 3(d)(1)(A) of the Bank

LAWS Holding Company Act of 1956 (12 U.S.C. 1842(d)(1)(A)) is amended by striking ‘‘adequately capitalized and adequately managed’’ and inserting ‘‘well capitalized and well managed’’.PUBLIC with on anorris VerDate Nov 24 2008 12:15 Aug 04, 2010 Jkt 089139 PO 00203 Frm 00233 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 APPS06 PsN: PUBL203