Public Law 111-203 including PTFA amendments
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Public Law 111-203 including PTFA amendments · 2026-09-26 edition · updated 2026-09-27 · California
the Corporation in accordance with section 210(h) for the pur- pose of resolving a covered financial company. (4) CLAIM.—The term ‘‘claim’’ means any right to payment, whether or not such right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, or unsecured. (5) COMPANY.—The term ‘‘company’’ has the same meaning as in section 2(b) of the Bank Holding Company Act of 1956 (12 U.S.C. 1841(b)), except that such term includes any com- pany described in paragraph (11), the majority of the securities of which are owned by the United States or any State. (6) COURT.—The term ‘‘Court’’ means the United States District Court for the District of Columbia, unless the context otherwise requires. (7) COVERED BROKER OR DEALER.—The term ‘‘covered broker or dealer’’ means a covered financial company that is a broker or dealer that— (A) is registered with the Commission under section 15(b) of the Securities Exchange Act of 1934 (15 U.S.C. 78o(b)); and (B) is a member of SIPC. (8) COVERED FINANCIAL COMPANY.—The term ‘‘covered financial company’’— (A) means a financial company for which a determina- tion has been made under section 203(b); and (B) does not include an insured depository institution. (9) COVERED SUBSIDIARY.—The term ‘‘covered subsidiary’’ means a subsidiary of a covered financial company, other than— (A) an insured depository institution; (B) an insurance company; or (C) a covered broker or dealer. (10) DEFINITIONS RELATING TO COVERED BROKERS AND DEALERS.—The terms ‘‘customer’’, ‘‘customer name securities’’, ‘‘customer property’’, and ‘‘net equity’’ in the context of a covered broker or dealer, have the same meanings as in section 16 of the Securities Investor Protection Act of 1970 (15 U.S.C. 78lll). (11) FINANCIAL COMPANY.—The term ‘‘financial company’’ means any company that— (A) is incorporated or organized under any provision of Federal law or the laws of any State; (B) is— (i) a bank holding company, as defined in section 2(a) of the Bank Holding Company Act of 1956 (12 U.S.C. 1841(a)); (ii) a nonbank financial company supervised by the Board of Governors; (iii) any company that is predominantly engaged in activities that the Board of Governors has deter- mined are financial in nature or incidental thereto for purposes of section 4(k) of the Bank Holding Com- pany Act of 1956 (12 U.S.C. 1843(k)) other than a company described in clause (i) or (ii); or LAWS (iv) any subsidiary of any company described in any of clauses (i) through (iii) that is predominantly engaged in activities that the Board of Governors hasPUBLIC with on anorris VerDate Nov 24 2008 00:54 Jul 29, 2010 Jkt 089139 PO 00203 Frm 00069 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 GPO1 PsN: PUBL203
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