IIB 
109TH CONGRESS 
2D SESSION 
H. R. 6072 
IN THE SENATE OF THE UNITED STATES 
SEPTEMBER 28, 2006 
Received 
NOVEMBER 13, 2006 
Read twice and referred to the Committee on Banking, Housing, and Urban 
Affairs 
AN ACT 
To amend the Federal Deposit Insurance Act to provide 
further regulatory relief for depository institutions and 
clarify certain provisions of law applicable to such insti-
tutions, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Financial Services 
Regulatory Relief Amendments Act of 2006’’. 
SEC. 2. AMENDMENTS RELATING TO NONFEDERALLY IN-
SURED CREDIT UNIONS. 
(a) IN GENERAL.—Subsection (a) of section 43 of the 
Federal Deposit Insurance Act (12 U.S.C. 1831t(a)) is 
amended by adding at the end the following new para-
graph: 
‘‘(3) ENFORCEMENT
BY
APPROPRIATE
STATE 
SUPERVISOR.—Any appropriate State supervisor of a 
private deposit insurer, and any appropriate State 
supervisor of a depository institution which receives 
deposits that are insured by a private deposit in-
surer, may examine and enforce compliance with this 
subsection under the applicable regulatory authority 
of such supervisor.’’. 
(b) AMENDMENT RELATING TO DISCLOSURES RE-
QUIRED, 
PERIODIC
STATEMENTS
AND
ACCOUNT 
RECORDS.—Section 43(b)(1) of the Federal Deposit In-
surance Act (12 U.S.C. 1831t(b)(1)) is amended by strik-
ing ‘‘or similar instrument evidencing a deposit’’ and in-
serting ‘‘or share certificate’’. 
(c) AMENDMENTS RELATING TO DISCLOSURES RE-
QUIRED, ADVERTISING, PREMISES.—Section 43(b)(2) of 
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the 
Federal 
Deposit 
Insurance 
Act 
(12 
U.S.C. 
1831t(b)(2)) is amended to read as follows: 
‘‘(2) ADVERTISING; PREMISES.— 
‘‘(A) IN
GENERAL.—Include clearly and 
conspicuously in all advertising, except as pro-
vided in subparagraph (B); and at each station 
or window where deposits are normally received, 
its principal place of business and all its 
branches where it accepts deposits or opens ac-
counts (excluding automated teller machines or 
point of sale terminals), and on its main Inter-
net page, a notice that the institution is not 
federally insured. 
‘‘(B) EXCEPTIONS.—The following need 
not include a notice that the institution is not 
federally insured: 
‘‘(i) Statements or reports of financial 
condition of the depository institution that 
are required to be published or posted by 
State or Federal law or regulation. 
‘‘(ii) Any sign, document, or other 
item that contains the name of the deposi-
tory institution, its logo, or its contact in-
formation, but only if the sign, document, 
or item does not include any information 
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about the institution’s products or services 
or information otherwise promoting the in-
stitution. 
‘‘(iii) Small utilitarian items that do 
not mention deposit products or insurance 
if inclusion of the notice would be imprac-
tical.’’. 
(d) AMENDMENTS RELATING TO ACKNOWLEDGMENT 
OF DISCLOSURE.—Section 43(b)(3) of the Federal De-
posit Insurance Act (12 U.S.C. 1831t(b)(3)) is amended 
to read as follows: 
‘‘(3) ACKNOWLEDGMENT OF DISCLOSURE.— 
‘‘(A) NEW DEPOSITORS OBTAINED OTHER 
THAN THROUGH A CONVERSION OR MERGER.— 
With respect to any depositor who was not a 
depositor at the depository institution before 
the effective date of the Financial Services Reg-
ulatory Relief Amendments Act of 2006, and 
who is not a depositor as described in subpara-
graph (B), receive any deposit for the account 
of such depositor only if the depositor has 
signed a written acknowledgment that— 
‘‘(i) the institution is not federally in-
sured; and 
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