320 
(A) in subparagraph (A)(iv), by striking 
‘‘and’’ after the semicolon; 
(B) in subparagraph (B), by striking the 
period at the end and inserting ‘‘; and’’; and 
(C) by inserting after subparagraph (B) 
the following: 
‘‘(C) subtitle C of title I of the National 
Insurance Act of 2007, by the Commissioner of 
National Insurance with respect to any national 
insurer or national agency and any federally li-
censed insurance producer.’’; and 
(10) in section 525, by inserting ‘‘the Commis-
sioner of National Insurance,’’ after ‘‘National Cred-
it Union Administration,’’. 
(c) 
OTHER
CONFORMING
AMENDMENTS.—The 
Gramm-Leach-Bliley Act (Public Law 106–102; 113 Stat. 
1338) is amended— 
(1) in section 104(b), by inserting ‘‘, or as re-
quired by the Commissioner of National Insurance 
in accordance with the National Insurance Act of 
2007’’ after ‘‘subject to subsections (c), (d), and 
(e)’’; 
(2) in section 104(f)— 
(A) by striking ‘‘Subsections (c) and (d)’’ 
and inserting the following: 
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321 
‘‘(1) IN GENERAL.—Subsections (c) and (d)’’; 
(B) by striking ‘‘(1) the jurisdiction’’ and 
inserting the following: ‘‘(A) the jurisdiction’’; 
(C) by striking ‘‘(A) to investigate’’ and in-
serting the following: ‘‘(i) to investigate’’; 
(D) by striking ‘‘(B) to require’’ and in-
serting the following: ‘‘(ii) to require’’; 
(E) by striking ‘‘(2) State laws’’ and in-
serting the following: ‘‘(B) State laws’’; and 
(F) by adding at the end the following: 
‘‘(2) OTHER.—Notwithstanding any provision 
of subsection (d), paragraphs (2) and (3) of sub-
section (d) and subsection (e) shall not apply to any 
person to the extent that such person is engaged in 
the business of insurance or other insurance oper-
ations pursuant to authority provided under the Na-
tional Insurance Act of 2007.’’; 
(3) in section 104(g)(4), by striking ‘‘business 
of insurance.’’ and inserting ‘‘business of insurance, 
but only to the extent that such person is doing so 
pursuant to a license issued under the authority of 
State law.’’; 
(4) in section 112, by inserting in the heading 
‘‘COMMISSIONER
OF
NATIONAL
INSURANCE’’ 
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322 
after ‘‘AUTHORITY OF STATE INSURANCE REGU-
LATOR’’; 
(5) in section 301, by inserting ‘‘, except that 
the insurance activities of a national insurer, na-
tional agency, and a federally licensed insurance pro-
ducer shall be functionally regulated by the Office of 
National Insurance’’ after ‘‘subject to section 104’’; 
and 
(6) in section 311, by inserting at the end the 
following: ‘‘This subtitle shall not apply to a national 
insurer in mutual form that is reorganizing into a 
mutual holding company.’’. 
SEC. 1711. AMENDMENTS TO THE FEDERAL DEPOSIT IN-
SURANCE ACT. 
The Federal Deposit Insurance Act (12 U.S.C. 1811 
et seq.) is amended— 
(1) in section 45, by inserting in the section 
heading
‘‘, COMMISSIONER OF OFFICE OF NA-
TIONAL INSURANCE,’’ after ‘‘STATE INSURANCE 
REGULATOR’’; and 
(2) in section 47(g)(1)— 
(A) in subparagraph (A), by striking ‘‘or’’ 
after the semicolon; 
(B) in subparagraph (B), by striking the 
period at the end and inserting ‘‘; or’’; and 
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