datamatters24/research-document-archive huggingface dataset:
CHAPTER 2—WHOLESALE FINANCIAL
INSTITUTIONS
SEC. 136. WHOLESALE FINANCIAL INSTITUTIONS.
(a) NATIONAL WHOLESALE FINANCIAL INSTITU-
TIONS.—
(1) IN GENERAL.—Chapter one of title LXII of
the Revised Statutes of the United States (12
U.S.C. 21 et seq.) is amended by inserting after sec-
tion 5136A (as added by section 121(a) of this title)
the following new section:
‘‘SEC. 5136B. NATIONAL WHOLESALE FINANCIAL INSTITU-
TIONS.
‘‘(a) AUTHORIZATION OF THE COMPTROLLER RE-
QUIRED.—A national bank may apply to the Comptroller
on such forms and in accordance with such regulations
as the Comptroller may prescribe, for permission to oper-
ate as a national wholesale financial institution.
‘‘(b) REGULATION.—A national wholesale financial
institution may exercise, in accordance with such institu-
tion’s articles of incorporation and regulations issued by
the Comptroller, all the powers and privileges of a national
bank formed in accordance with section 5133 of the Re-
vised Statutes of the United States, subject to section 9B
of the Federal Reserve Act and the limitations and restric-
tions contained therein.
I
105TH CONGRESS
1ST SESSION
H. R. 1095
To amend the Internal Revenue Code of 1986 to make a technical correction
relating to depreciation on property used within an Indian reservation.
IN THE HOUSE OF REPRESENTATIVES
MARCH 18, 1997
Mr. ARCHER (for himself and Mr. RANGEL) introduced the following bill;
which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to make
a technical correction relating to depreciation on property
used within an Indian reservation.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. TECHNICAL CORRECTION RELATING TO DE-
PRECIATION ON PROPERTY USED WITHIN AN
INDIAN RESERVATION.
(a) IN GENERAL.—Paragraph (6) of section 168(j)
of the Internal Revenue Code of 1986 (relating to property
on Indian reservations) is amended to read as follows:
‘‘(6) INDIAN
RESERVATION
DEFINED.—For
purposes of this subsection, the term ‘Indian res-
ervation’ means a reservation as defined in section
4(10) of the Indian Child Welfare Act of 1978 (25
U.S.C. 1903(10)).’’
(b) EFFECTIVE DATE.—The amendment made by
subsection (a) shall take effect as if included in the
amendment made by section 13321 of the Revenue Rec-
onciliation Act of 1993.
Æ
I
105TH CONGRESS
1ST SESSION
H. R. 1097
To suspend temporarily the duty on Tinopal CBS–X.
IN THE HOUSE OF REPRESENTATIVES
MARCH 18, 1997
Mr. COBLE introduced the following bill; which was referred to the Committee
on Ways and Means
A BILL
To suspend temporarily the duty on Tinopal CBS–X.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SUSPENSION OF DUTY.
(a) IN GENERAL.—Subchapter II of chapter 99 of
the Harmonized Tariff Schedule of the United States is
amended by inserting in numerical sequence the following
new heading:
‘‘
9902.32.04
Benzene sulfonic acid,2,2′-
((1,1′-biphenyl)-4,4′-diyldi-
2.1-ethenediyl)bis-disodium
salt (CAS No. 27344–41–8)
(provided for in subheading
3204.20.8000) ......................
Free
No change
No change
On or before
December 31,
2000
’’.
I
105TH CONGRESS
1ST SESSION
H. R. 1098
To require the continued availability of $1 Federal reserve notes for
circulation.
IN THE HOUSE OF REPRESENTATIVES
MARCH 18, 1997
Mr. DAVIS of Virginia (for himself, Mr. OLVER, Mr. TALENT, Mr. MORAN of
Virginia, and Mrs. EMERSON) introduced the following bill; which was re-
ferred to the Committee on Banking and Financial Services
A BILL
To require the continued availability of $1 Federal reserve
notes for circulation.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Save the Greenback
Act’’.
SEC. 2. REQUIREMENT TO MAINTAIN MINIMUM AMOUNTS
OF $1 FEDERAL RESERVE NOTES IN CIRCULA-
TION.
Notwithstanding any other provision of law, the Sec-
retary of the Treasury and the Board of Governors of the
Federal Reserve System shall take such action as may be
necessary to ensure that the number of Federal reserve
notes in the denomination of $1 which are in circulation
at any time does not decrease below the number of such
reserve notes in circulation as of the date of the enactment
of this Act.
Æ
I
105TH CONGRESS
1ST SESSION
H. R. 1099
To amend the Internal Revenue Code of 1986 to repeal the special deduction
for the living expenses of Members of Congress.
IN THE HOUSE OF REPRESENTATIVES
MARCH 18, 1997
Mr. ENGLISH of Pennsylvania introduced the following bill; which was referred
to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to repeal
the special deduction for the living expenses of Members
of Congress.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. REPEAL OF SPECIAL DEDUCTION FOR LIVING
EXPENSES OF MEMBERS OF CONGRESS.
(a) IN GENERAL.—Subsection (a) of section 162 of
the Internal Revenue Code of 1986 (relating to trade or
business expenses) is amended by striking the second
sentence.
(b) EFFECTIVE DATE.—The amendment made by
subsection (a) shall apply to taxable years beginning after
December 31, 1996.
Æ
HR 10 IH
paragraph (6) is not practical under the cir-
cumstances; or
‘‘(B) the appropriate Federal banking
agency determines that concerns for the safety
and soundness of a depository institution or its
affiliate require immediate action by the agency
and prior notice under paragraph (7) is not
practical under the circumstances.
‘‘(9) COORDINATED ENFORCEMENT ACTIONS.—
The Securities and Exchange Commission and the
appropriate Federal banking agencies shall, to the
extent practicable, coordinate supervisory actions
based on applicable law where the actions are based
on the same or related events or practices.
‘‘(10) INVESTMENT
COMPANIES
NOT
AFFILI-
ATED WITH A DEPOSITORY INSTITUTION.—The ap-
propriate Federal banking agency shall not have au-
thority under this Act or any other provision of law
to inspect or examine any investment company reg-
istered under the Federal securities laws that is
not—
‘‘(A) affiliated with a depository institu-
tion; or
‘‘(B) advised by an investment adviser af-
filiated with a depository institution or by a
‘‘(227) HOH
RIVER, WASHINGTON.—The seg-
ment of the Hoh River and the major tributary 
South Fork Hoh from the headwaters to Olympic 
National Park boundary, to be administered by the 
Secretary of the Interior, in the following classes: 
‘‘(A) The approximately 20.7-mile segment 
of the Hoh River from the headwaters to Jack-
son Creek, as a wild river. 
‘‘(B) The approximately 6.0-mile segment 
of the Hoh River from Jackson Creek to the 
Olympic National Park boundary, as a scenic 
river. 
‘‘(C) The approximately 13.8-mile segment 
of the South Fork Hoh River from the head-
waters to the Olympic National Park boundary, 
as a wild river. 
‘‘(D) The approximately 4.6-mile segment 
of the South Fork Hoh River from the Olympic 
National Park boundary to the Washington 
State Department of Natural Resources bound-
ary in T. 27 N., R. 10 W., sec. 29, as a rec-
reational river. 
‘‘(228) BOGACHIEL RIVER, WASHINGTON.—The 
approximately 25.6-mile segment of the Bogachiel 
River from the source to the Olympic National Park 
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obtained or produced entirely in the territory of Aus-
tralia, the United States, or both’’ means—
(A) a mineral good extracted in the terri-
tory of Australia, the United States, or both;
(B) a vegetable good, as such goods are
provided for in the HTS, harvested in the terri-
tory of Australia, the United States, or both;
(C) a live animal born and raised in the
territory of Australia, the United States, or
both;
(D) a good obtained from hunting, trap-
ping, fishing, or aquaculture conducted in the
territory of Australia, the United States, or
both;
(E) a good (fish, shellfish, and other ma-
rine life) taken from the sea by vessels reg-
istered or recorded with Australia or the United
States and flying the flag of that country;
(F) a good produced exclusively from prod-
ucts referred to in subparagraph (E) on board
factory ships registered or recorded with Aus-
tralia or the United States and flying the flag
of that country;
(G) a good taken by Australia or the
United States or a person of Australia or the
United States from the seabed or beneath the
seabed outside territorial waters, if Australia or
the United States has rights to exploit such
seabed;
(H) a good taken from outer space, if such
good is obtained by Australia or the United
States or a person of Australia or the United
States and not processed in the territory of a
country other than Australia or the United
States;
(I) waste and scrap derived from—
(i) production in the territory of Aus-
tralia, the United States, or both; or
(ii) used goods collected in the terri-
tory of Australia, the United States, or
both, if such goods are fit only for the re-
covery of raw materials;
(J) a recovered good derived in the terri-
tory of Australia or the United States from
goods that have passed their life expectancy, or
are no longer usable due to defects, and utilized
in the territory of that country in the produc-
tion of remanufactured goods; or
164
‘‘(A) MEDIUM
OR
HEAVY
DUTY
VEHI-
CLE.—The term ‘medium or heavy duty vehicle’
means a dedicated vehicle that—
‘‘(i) in the case of a medium duty ve-
hicle, has a gross vehicle weight rating of
more than 8,500 pounds but not more
than 14,000 pounds; or
‘‘(ii) in the case of a heavy duty vehi-
cle, has a gross vehicle weight rating of
more than 14,000 pounds.
‘‘(B) SUBSTANTIAL
CONTRIBUTION.—The
term ‘substantial contribution’ means not less
than $15,000 in cash or in kind services, as de-
termined by the Secretary.
‘‘(2) ALLOCATION OF CREDITS.—The Secretary
shall allocate a credit to a fleet or covered person
under this section if the fleet or person makes a sub-
stantial contribution toward the acquisition and use
of dedicated vehicles or neighborhood electric vehi-
cles by a person that owns, operates, leases, or oth-
erwise controls a fleet that is not covered by this
title.
‘‘(3) MULTIPLE
CREDITS
FOR
MEDIUM
AND
HEAVY DUTY VEHICLES.—The Secretary shall issue
2 full credits to a fleet or covered person under this
boundary, to be administered by the Secretary of the 
Interior, as a wild river. 
‘‘(229) SOUTH FORK CALAWAH RIVER, WASH-
INGTON.—The segment of the South Fork Calawah 
River and the major tributary Sitkum River from 
the headwaters to Hyas Creek to be administered by 
the Secretary of Agriculture, except those portions 
of the river within the boundaries of Olympic Na-
tional Park shall by administered by the Secretary 
of the Interior, including the following segments in 
the following classes: 
‘‘(A) The approximately 15.7-mile segment 
of the South Fork Calawah River from the 
headwaters to the Sitkum River, as a wild river. 
‘‘(B) The approximately 0.9-mile segment 
of the South Fork Calawah River from the 
Sitkum River to Hyas Creek, as a scenic river. 
‘‘(C) The approximately 1.6-mile segment 
of the Sitkum River from the headwaters to the 
Rugged Ridge Wilderness boundary, as a wild 
river. 
‘‘(D) The approximately 11.9-mile segment 
of the Sitkum River from the Rugged Ridge 
Wilderness boundary to the confluence with the 
South Fork Calawah, as a scenic river. 
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‘‘(230) SOL
DUC
RIVER, WASHINGTON.—The 
segment of the Sol Duc River from the headwaters 
to the Olympic National Park boundary to be ad-
ministered by the Secretary of the Interior, including 
the following segments of the mainstem and certain 
tributaries in the following classes: 
‘‘(A) The approximately 7.0-mile segment 
of the Sol Duc River from the headwaters to 
the end of Sol Duc Hot Springs Road, as a wild 
river. 
‘‘(B) The approximately 10.8-mile segment 
of the Sol Duc River from the end of Sol Duc 
Hot Springs Road to the Olympic National 
Park boundary, as a scenic river. 
‘‘(C) The approximately 14.2-mile segment 
of the North Fork Sol Duc River from the 
headwaters to the Olympic Hot Springs Road 
bridge, as a wild river. 
‘‘(D) The approximately 0.2-mile segment 
of the North Fork Sol Duc River from the 
Olympic Hot Springs Road bridge to the con-
fluence with the Sol Duc River, as a scenic 
river. 
‘‘(E) The approximately 8.0-mile segment 
of the South Fork Sol Duc River from the 
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activities under this section if the Federal forest 
land is located within, or mostly within, a geographic 
area that presents a feature or involves cir-
cumstances principally relevant to that Indian tribe, 
such as Federal forest land ceded to the United 
States by treaty, Federal forest land within the 
boundaries of a current or former reservation, or 
Federal forest land adjudicated to be tribal home-
lands. 
‘‘(2) REQUIREMENTS.—As part of the agree-
ment to treat Federal forest land as Indian forest 
land under paragraph (1), the Secretary concerned 
and the Indian tribe making the request shall— 
‘‘(A) provide for continued public access 
applicable to the Federal forest land prior to 
the agreement, except that the Secretary con-
cerned may limit or prohibit such access as 
needed; 
‘‘(B) continue sharing revenue generated 
by the Federal forest land with State and local 
governments either— 
‘‘(i) on the terms applicable to the 
Federal forest land prior to the agreement, 
including, where applicable, 25-percent 
payments or 50-percent payments; or
HR 2646 RFS
(6) in paragraph (10), as so redesignated, by 
striking ‘‘professional and paraprofessional per-
sonnel pursuant to section 303’’ and inserting 
‘‘paraprofessional personnel and health profes-
sionals’’; 
(7) in paragraph (11), as so redesignated, by 
inserting ‘‘and telemental health,’’ after ‘‘rural men-
tal health,’’; 
(8) in paragraph (12), as so redesignated, by 
striking ‘‘establish a clearinghouse for mental health 
information to assure the widespread dissemination 
of such information’’ and inserting ‘‘disseminate 
mental health information, including evidenced-based 
practices,’’; 
(9) in paragraph (15), as so redesignated, by 
striking ‘‘and’’ at the end; 
(10) in paragraph (16), as so redesignated, by 
striking the period and inserting ‘‘; and’’; and 
(11) by adding at the end the following: 
‘‘(17) consult with other agencies and offices of 
the Department of Health and Human Services to 
ensure, with respect to each grant awarded by the 
Center for Mental Health Services, the consistent 
documentation of the application of criteria when 
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TITLE II—MEDICAID MENTAL 
HEALTH COVERAGE 
SEC. 201. RULE OF CONSTRUCTION RELATED TO MEDICAID 
COVERAGE OF MENTAL HEALTH SERVICES 
AND PRIMARY CARE SERVICES FURNISHED 
ON THE SAME DAY. 
Nothing in title XIX of the Social Security Act (42 
U.S.C. 1396 et seq.) shall be construed as prohibiting sepa-
rate payment under the State plan under such title (or 
under a waiver of the plan) for the provision of a mental 
health service or primary care service under such plan, with 
respect to an individual, because such service is— 
(1) a primary care service furnished to the indi-
vidual by a provider at a facility on the same day 
a mental health service is furnished to such indi-
vidual by such provider (or another provider) at the 
facility; or 
(2) a mental health service furnished to the indi-
vidual by a provider at a facility on the same day 
a primary care service is furnished to such individual 
by such provider (or another provider) at the facility. 
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126
HR 10 IH
SEC. 117. WHOLESALE FINANCIAL INSTITUTIONS.
(a) IN GENERAL.—The Federal Reserve Act (12
U.S.C. 221 et seq.) is amended by inserting after section
9A the following new section:
‘‘SEC. 9B. WHOLESALE FINANCIAL INSTITUTIONS.
‘‘(a) APPLICATION FOR MEMBERSHIP AS WHOLE-
SALE FINANCIAL INSTITUTION.—
‘‘(1) APPLICATION REQUIRED.—
‘‘(A) IN GENERAL.—Any bank may apply
to the Board of Governors of the Federal Re-
serve System to become a wholesale financial
institution and as a wholesale financial institu-
tion, to subscribe to the stock of the Federal re-
serve bank organized within the district where
the applying bank is located.
‘‘(B) TREATMENT
AS
MEMBER
BANK.—
Any application under subparagraph (A) shall
be treated as an application under, and shall be
subject to the provisions of, section 9.
‘‘(2) INSURANCE TERMINATION.—No bank that
is insured under the Federal Deposit Insurance Act
may become a wholesale financial institution unless
it has met all requirements under that Act for vol-
untary termination of deposit insurance.
‘‘(3) APPLICATION FEE.—No bank or organiza-
tion may become a wholesale financial institution
137
HR 10 IH
‘‘(3) any institution described in section 2(c)(2)
of the Bank Holding Company Act of 1956.
‘‘(c) ELIGIBILITY FOR INSURANCE TERMINATED.—
Any bank that voluntarily elects to terminate the bank’s
insured status under subsection (a) shall not be eligible
for insurance on any deposits or any assistance authorized
under this Act after the period specified in subsection
(f)(1).
‘‘(d) INSTITUTION MUST BECOME WHOLESALE FI-
NANCIAL INSTITUTION OR TERMINATE DEPOSIT-TAKING
ACTIVITIES.—Any depository institution which voluntarily
terminates such institution’s status as an insured deposi-
tory institution under this section may not, upon termi-
nation of insurance, accept any deposits unless the institu-
tion is a wholesale financial institution under section 9B
of the Federal Reserve Act.
‘‘(e) EXIT FEES.—
‘‘(1) IN GENERAL.—Any bank that voluntarily
terminates such bank’s status as an insured deposi-
tory institution under this section shall pay an exit
fee in an amount that the Corporation determines is
sufficient to account for the institution’s pro rata
share of the amount (if any) which would be re-
quired to restore the relevant deposit insurance fund
to the fund’s designated reserve ratio as of the date
HR 10 IH
after consultation with and consider-
ation of the views of the Securities
and Exchange Commission, that such
agreement, contract, or transaction
shall be treated as a qualified finan-
cial contract for purposes of this sec-
tion.
‘‘(C) BOARD’S
AUTHORITY
TO
EXEMPT
TRADITIONAL
BANKING
PRODUCTS.—Notwith-
standing any other provision of law, the Board
may, by regulation or order, exempt a banking
product from the definition of security if the
Board finds that—
‘‘(i) the product is available in the
course of a banking business and is more
appropriately regulated as a banking prod-
uct; and
‘‘(ii) the exemption is otherwise con-
sistent with the purposes of this section,
the maintenance of fair and orderly mar-
kets, and the protection of investors.
‘‘(D) DEFINITION
FOR
LIMITED
PUR-
POSE.—The fact that a particular instrument is
excluded pursuant to subparagraph (B) or (C)
from the definition of security for purposes of
HR 10 RFS
change Commission for the registered broker or
dealer, as the case may be, determines in writ-
ing sent to the holding company and the Board
that the holding company shall not provide such
funds or assets because such action would have
a material adverse effect on the financial condi-
tion of the insurance company or the broker or
dealer, as the case may be.
‘‘(2) NOTICE TO STATE INSURANCE AUTHORITY
OR SEC REQUIRED.—If the Board requires a bank
holding company, or an affiliate of a bank holding
company, which is an insurance company or a
broker or dealer described in paragraph (1)(A) to
provide funds or assets to an insured depository in-
stitution subsidiary of the holding company pursuant
to any regulation, order, or other action of the
Board referred to in paragraph (1), the Board shall
promptly notify the State insurance authority for the
insurance company or the Securities and Exchange
Commission, as the case may be, of such require-
ment.
‘‘(3) DIVESTITURE
IN
LIEU
OF
OTHER
AC-
TION.—If the Board receives a notice described in
paragraph (1)(B) from a State insurance authority
or the Securities and Exchange Commission with re-
HR 10 IH
‘‘(B) the Board determines that the finan-
cial services holding company would be under-
capitalized under the capital standards applica-
ble, if any, to such financial services holding
company after making the investment or that
the investment would otherwise be unsafe or
unsound.
‘‘(4) EMERGENCY APPROVAL.—Notwithstanding
any provision of this subsection, in the event of ad-
verse market conditions, or concerns regarding the
financial or operational condition of the securities
affiliate, the Board may approve any additional in-
vestment in the securities affiliate on an emergency
basis if such additional investment does not ad-
versely affect the safety and soundness of all insured
depository institution affiliates of such securities af-
filiate and does not diminish the ability of the finan-
cial services holding company to maintain an appro-
priate amount of capital in all such insured deposi-
tory institutions.
‘‘(d) PROVISIONS APPLICABLE IF AFFILIATED DE-
POSITORY INSTITUTION CEASES TO BE WELL CAPITAL-
IZED.—
‘‘(i) the holding company; and
‘‘(ii) any subsidiary (other than an in-
sured depository institution subsidiary) of
the holding company that, because of the
size, condition, or activities of the subsidi-
ary, the nature or size of transactions be-
tween such subsidiary and any affiliated
depository institution, or the centralization
of functions within the holding company
system, could have a materially adverse ef-
fect on the safety and soundness of any de-
pository institution affiliate of the holding
company.
‘‘(C)
DEFERENCE
TO
BANK
EXAMINA-
TIONS.—The Board shall, to the fullest extent
possible, use the reports of examination of de-
pository institutions made by the Comptroller of
the Currency, the Federal Deposit Insurance
Corporation, the Director of the Office of Thrift
Supervision or the appropriate State depository
institution supervisory authority for the pur-
poses of this section.
‘‘(D) DEFERENCE
TO
OTHER
EXAMINA-
TIONS.—The Board shall, to the fullest extent
possible, address the circumstances which might
HR 10 RFS
‘‘(2) REGULATIONS.—A bank holding company
organized as a mutual holding company shall be reg-
ulated on terms, and shall be subject to limitations,
comparable to those applicable to any other bank
holding company.’’.
SEC. 106. PROHIBITION ON DEPOSIT PRODUCTION OF-
FICES.
(a) IN GENERAL.—Section 109(d) of the Riegle-Neal
Interstate Banking and Branching Efficiency Act of 1994
(12 U.S.C. 1835a(d)) is amended—
(1) by inserting ‘‘, the Financial Services Act of
1998,’’ after ‘‘pursuant to this title’’; and
(2) by inserting ‘‘or such Act’’ after ‘‘made by
this title’’.
(b) TECHNICAL AND CONFORMING AMENDMENT.—
Section 109(e)(4) of the Riegle-Neal Interstate Banking
and Branching Efficiency Act of 1994 (12 U.S.C.
1835a(e)(4)) is amended by inserting ‘‘and any branch of
a bank controlled by an out-of-State bank holding com-
pany (as defined in section 2(o)(7) of the Bank Holding
Company Act of 1956)’’ before the period.
SEC. 107. CLARIFICATION OF BRANCH CLOSURE REQUIRE-
MENTS.
Section 42(d)(4)(A) of the Federal Deposit Insurance
Act (12 U.S.C. 1831r–1(d)(4)(A)) is amended by inserting