US Codex
Bill
Notes

H.R. 4544 — what changed

American Access to Banking Act

From Reported in House to Engrossed in House. 1 section amended and 1 added between Reported in House and Engrossed in House.

Sec. 6 Definitions

(a)
In general— In this Act:
(1)
changed Federal banking agency— The term “Federal Federal banking agency” agency has the meaning given the term in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813).
(2)
changed Federal financial institutions regulatory agencies— The term “Federal Federal financial institutions regulatory agencies” agencies has the meaning given the term in section 1003 of the Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C. 3302).
(3)
changed Regulated institution— The term “regulated institution” regulated institution means—
(A)
with respect to a Federal banking agency, a depository institution (as such term is defined in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813)) for which the Federal banking agency is the appropriate Federal banking agency (as such term is defined in such section 3); and
(B)
with respect to the National Credit Union Administration, an insured credit union (as such term is defined in section 101 of the Federal Credit Union Act (12 U.S.C. 1752)).
(4)
changed State— The term “State” State means each of the several States, the District of Colombia, and each territory of the United States.
(5)
changed State regulator— The term “State regulator” State regulator means—
(A)
with respect to a Federal banking agency, a State banking regulator; and
(B)
with respect to the National Credit Union Administration, the State regulatory agency having jurisdiction over a State credit union (as such term is defined in section 101 of the Federal Credit Union Act (12 U.S.C. 1752)).
(b)
Rule of construction— For purposes of this Act, the process of applying to become a de novo regulated institution shall include the process of applying for Federal deposit insurance, Federal share insurance, or membership of a Federal reserve bank.

Sec. 7 Discretionary Surplus Fund

added
(a)
added In general— The dollar amount specified under section 7(a)(3)(A) of the Federal Reserve Act (12 U.S.C. 289(a)(3)(A)) is reduced by $24,000,000.
(b)
added Effective date— The amendment made by subsection (a) shall take effect on September 1, 2036.