Page 562

to such Acts, as amended, whether amended prior to or after the enactment of this title.’’; (2) in section 308 (15 U.S.C. 77hhh), by striking ‘‘Securities Act of 1933, the Securities Exchange Act of 1934, or the Public Utility Holding Company Act of 1935’’ each place that term appears and inserting ‘‘Securities Act of 1933 or the Securities Exchange Act of 1934’’; (3) in section 310 (15 U.S.C. 77jjj), by striking subsection (c); (4) in section 311 (15 U.S.C. 77kkk), by striking subsection (c); (5) in section 323(b) (15 U.S.C. 77www(b)), by striking ‘‘Securities Act of 1933, or the Securities Exchange Act of 1934, or the Public Utility Holding Company Act of 1935’’ and inserting ‘‘Securities Act of 1933 or the Securities Exchange Act of 1934’’; and (6) in section 326 (15 U.S.C. 77zzz), by striking ‘‘Securities Act of 1933, or the Securities Exchange Act of 1934, or the Public Utility Holding Company Act of 1935,’’ and inserting ‘‘Securities Act of 1933 or the Securities Exchange Act of 1934’’. (c) INVESTMENT COMPANY ACT OF 1940.—The Investment Com- pany Act of 1940 (15 U.S.C. 80a–1 et seq.) is amended— (1) in section 2(a)(44) (15 U.S.C. 80a–2(a)(44)), by striking ‘‘ ‘Public Utility Holding Company Act of 1935’,’’; (2) in section 3(c) (15 U.S.C. 80a–3(c)), by striking para- graph (8) and inserting the following: ‘‘(8) [Repealed]’’; (3) in section 38(b) (15 U.S.C. 80a–37(b)), by striking ‘‘the Public Utility Holding Company Act of 1935,’’; and (4) in section 50 (15 U.S.C. 80a–49), by striking ‘‘the Public Utility Holding Company Act of 1935,’’. (d) INVESTMENT ADVISERS ACT OF 1940.—Section 202(a)(21) of the Investment Advisers Act of 1940 (15 U.S.C. 80b–2(a)(21)) is amended by striking ‘‘ ‘Public Utility Holding Company Act of 1935’,’’.

SEC. 987. AMENDMENT TO DEFINITION OF MATERIAL LOSS AND NON-
MATERIAL LOSSES TO THE DEPOSIT INSURANCE FUND
FOR PURPOSES OF INSPECTOR GENERAL REVIEWS.
(a) IN GENERAL.—Section 38(k) of the Federal Deposit Insur-
12 USC 1831o. ance Act (U.S.C. 1831o(k)) is amended—
(1) in paragraph (2), by striking subparagraph (B) and
inserting the following:
‘‘(B) MATERIAL LOSS DEFINED.—The term ‘material loss’
means any estimated loss in excess of—
‘‘(i) $200,000,000, if the loss occurs during the
period beginning on January 1, 2010, and ending on
December 31, 2011;
‘‘(ii) $150,000,000, if the loss occurs during the
period beginning on January 1, 2012, and ending on
December 31, 2013; and
‘‘(iii) $50,000,000, if the loss occurs on or after
January 1, 2014, provided that if the inspector general

LAWS of a Federal banking agency certifies to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the HousePUBLIC with on anorris VerDate Nov 24 2008 03:41 Aug 28, 2010 Jkt 089139 PO 00203 Frm 00562 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 GPO1 PsN: PUBL203