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124 STAT. 2222 PUBLIC LAW 111–203—JULY 21, 2010

Web posting. ‘‘(A) IN GENERAL.—To the extent practicable, the
Commission shall make available online, to the public,
a compilation of the information required to be submitted
under the rules issued under paragraph (2)(A).
‘‘(B) OTHER INFORMATION.—Nothing in this paragraph
shall require the Commission to make available online
information other than the information required to be sub-
mitted under the rules issued under paragraph (2)(A).
‘‘(4) AUTHORIZATION OF APPROPRIATIONS.—There are
authorized to be appropriated to the Commission such sums
as may be necessary to carry out this subsection.’’.

SEC. 1505. STUDY BY THE COMPTROLLER GENERAL.
Deadline. (a) IN GENERAL.—Not later than 1 year after the date of enact-
Reports. ment of this Act, the Comptroller General of the United States
shall issue a report assessing the relative independence, effective-
ness, and expertise of presidentially appointed inspectors general
and inspectors general of designated Federal entities, as such term
is defined under section 8G of the Inspector General Act of 1978,
and the effects on independence of the amendments to the Inspector
General Act of 1978 made by this Act.
(b) REPORT.—The report required by subsection (a) shall be
issued to the Committees on Financial Services and Oversight and
Government Reform of the House of Representatives and the
Committees on Banking, Housing, and Urban Affairs and Homeland
Security and Governmental Affairs of the Senate.

SEC. 1506. STUDY ON CORE DEPOSITS AND BROKERED DEPOSITS.
(a) STUDY.—The Corporation shall conduct a study to
evaluate—
(1) the definition of core deposits for the purpose of calcu-
lating the insurance premiums of banks;
(2) the potential impact on the Deposit Insurance Fund
of revising the definitions of brokered deposits and core deposits
to better distinguish between them;
(3) an assessment of the differences between core deposits
and brokered deposits and their role in the economy and
banking sector of the United States;
(4) the potential stimulative effect on local economies of
redefining core deposits; and
(5) the competitive parity between large institutions and
community banks that could result from redefining core
deposits.
(b) REPORT TO CONGRESS.—Not later than 1 year after the
date of enactment of this Act, the Corporation shall submit to
the Committee on Banking, Housing, and Urban Affairs of the
Senate and the Committee on Financial Services of the House
of Representatives a report on the results of the study under sub-
section (a) that includes legislative recommendations, if any, to
address concerns arising in connection with the definitions of core
deposits and brokered deposits.

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