(ii) such extension, in the aggregate, 
does not exceed 1 year for any single na-
tional bank. 
(D) REQUIREMENTS
FOR
ENTITIES
RE-
CEIVING AN EXTENSION.—Upon receipt of an 
extension under subparagraph (C), the national 
bank shall notify its shareholders and the gen-
eral public that it has failed to comply with the 
requirements described in subparagraph (A). 
(3) CLERICAL AMENDMENT.—The table of sec-
tions for chapter one of title LXII of the Revised 
Statutes is amended by striking the item relating to 
section 5136A. 
(c) REPEAL OF PROVISION RELATING TO FOREIGN 
BANKS FILING AS FINANCIAL HOLDING COMPANIES.— 
Section 8(c) of the International Banking Act of 1978 (12 
U.S.C. 3106(c)) is amended by striking paragraph (3). 
SEC. 5. REPEAL OF BANKRUPTCY PROVISIONS. 
Title 11, United States Code, is amended by repeal-
ing sections 555, 559, 560, and 562. 
SEC. 6. TECHNICAL AND CONFORMING AMENDMENTS. 
(a) BANK HOLDING COMPANY ACT OF 1956.—The 
Bank Holding Company Act of 1956 (12 U.S.C. 1841 et 
seq.) is amended— 
(1) in section 2 (12 U.S.C. 1841)— 
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(A) by striking subsection (p); and 
(B) by redesignating subsection (q) as sub-
section (p); and 
(2) in section 5 (12 U.S.C. 1844)— 
(A) in subsection (a), by striking the last 
sentence; 
(B) in subsection (c), by striking para-
graphs (3), (4), and (5); and 
(C) by striking subsection (g). 
(b) BANK HOLDING COMPANY ACT AMENDMENTS OF 
1970.—Section 106(a) of the Bank Holding Company Act 
Amendments of 1970 (12 U.S.C. 1971(a)) is amended by 
striking the last sentence. 
(c) CLAYTON ACT.—Section 7A(c) of the Clayton Act 
(15 U.S.C. 18a(c)) is amended— 
(1) in paragraph (7), by striking ‘‘, except 
that’’ and all that follows and inserting a semicolon; 
and 
(2) in paragraph (8), by striking ‘‘, except 
that’’ and all that follows and inserting a semicolon. 
(d) 
COMMODITY
EXCHANGE
ACT.—Section 
2(h)(7)(C)(i)(VIII) of the Commodity Exchange Act (7 
U.S.C. 2(h)(7)(C)(i)(VIII)) is amended by striking ‘‘, as 
defined in section 4(k) of the Bank Holding Company Act 
of 1956’’. 
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(e) COMMUNITY REINVESTMENT ACT OF 1977.— 
Section 804 of the Community Reinvestment Act of 1977 
(12 U.S.C. 2903) is amended— 
(1) by striking subsection (c); and 
(2) by redesignating subsection (d) as sub-
section (c). 
(f) DODD-FRANK WALL STREET REFORM AND CON-
SUMER PROTECTION ACT.—Section 201(a)(11)(B) of the 
Dodd-Frank Wall Street Reform and Consumer Protec-
tion Act (12 U.S.C. 5381(a)(11)(B)) is amended by strik-
ing ‘‘for purposes of section 4(k) of the Bank Holding 
Company Act of 1956 (12 U.S.C. 1843(k))’’ each place 
that term appears. 
(g) FEDERAL DEPOSIT INSURANCE ACT.—The Fed-
eral Deposit Insurance Act (12 U.S.C. 1811 et seq.) is 
amended— 
(1) in section 8(b)(3) (12 U.S.C. 1818(b)(3)), 
by striking ‘‘section 50’’ and inserting ‘‘section 48’’; 
(2) 
in 
section 
18(u)(1)(B) 
(12 
U.S.C. 
1828(u)(1)(B)), by striking ‘‘or section 45 of this 
Act’’; 
(3) by striking sections 45 and 46 (12 U.S.C. 
1831v and 1831w); and 
(4) by redesignating sections 47 through 50 as 
sections 45 through 48, respectively. 
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(h) FEDERAL RESERVE ACT.—The Federal Reserve 
Act (12 U.S.C. 221 et seq.) is amended— 
(1) in the 20th undesignated paragraph of sec-
tion 9 (12 U.S.C. 335), by striking the last sentence; 
and 
(2) in section 23A (12 U.S.C. 371c)— 
(A) in subsection (b)(11), by striking ‘‘sub-
paragraph (H) or (I) of section 4(k)(4) of the 
Bank Holding Company Act of 1956 or’’; 
(B) by striking subsection (e); and 
(C) by redesignating subsection (f) as sub-
section (e). 
(i) FINANCIAL STABILITY ACT OF 2010.—The Fi-
nancial Stability Act of 2010 (12 U.S.C. 5301 et seq.) 
is amended— 
(1) in section 113(c)(5) (12 U.S.C. 5323(c)(5)), 
by striking ‘‘(as defined in section 4(k) of the Bank 
Holding Company Act of 1956)’’; 
(2) in section 163 (12 U.S.C. 5363)— 
(A) by striking subsection (b); and 
(B) in subsection (a), by striking ‘‘(a)’’ 
and all that follows through ‘‘For purposes’’ 
and inserting ‘‘For purposes’’; 
(3) in section 167(b) (12 U.S.C. 5367(b)), by 
striking ‘‘under section 4(k) of the Bank Holding 
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Company Act of 1956’’ each place that term ap-
pears; and 
(4) in section 171(b) (12 U.S.C. 5371(b))— 
(A) by striking paragraph (3); and 
(B) 
by 
redesignating 
paragraphs 
(4) 
through (7) as paragraphs (3) through (6), re-
spectively. 
(j) 
GRAMM-LEACH-BLILEY
ACT.—The 
Gramm- 
Leach-Bliley Act (Public Law 106–102; 113 Stat. 1338) 
is amended— 
(1) by striking section 115 (12 U.S.C. 1820a); 
(2) in section 505(c) (15 U.S.C. 6805(c))— 
(A) by striking ‘‘section 47(g)(2)(B)(iii) of 
the Federal Deposit Insurance Act’’ and insert-
ing ‘‘section 45(g)(2)(B)(iii) of the Federal De-
posit Insurance Act’’; and 
(B) by striking ‘‘section 47(a)’’ and insert-
ing ‘‘section 45(a)’’; and 
(3) 
in 
section 
509(3)(A) 
(15 
U.S.C. 
6809(3)(A)), by striking ‘‘as described in section 
4(k) of the Bank Holding Company Act of 1956’’. 
(k) HOME OWNERS’ LOAN ACT.—Section 10(c) of 
the Home Owners’ Loan Act (12 U.S.C. 1467a(c)) is 
amended— 
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(1) in paragraph (2), by striking subparagraph 
(H); and 
(2) in paragraph (9)(A), by striking ‘‘per-
mitted’’ and all that follows and inserting ‘‘per-
mitted under paragraph (1)(C) or (2) of this sub-
section.’’. 
(l) PAYMENT, CLEARING, AND SETTLEMENT SUPER-
VISION ACT OF 2010.—Section 803(5)(A) of the Payment, 
Clearing, and Settlement Supervision Act of 2010 (12 
U.S.C. 5462(5)(A)) is amended— 
(1) in clause (viii), by adding ‘‘and’’ at the end; 
(2) in clause (ix), by striking ‘‘; and’’ and in-
serting a period; and 
(3) by striking clause (x). 
(m) SECURITIES EXCHANGE ACT OF 1934.—The Se-
curities Exchange Act of 1934 (15 U.S.C. 78a et seq.) 
is amended— 
(1) in section 3(a)(4)(B)(vi) (15 U.S.C. 
78c(a)(4)(B)(vi)), by striking ‘‘other than’’ and all 
that follows through the period at the end and in-
serting ‘‘other than a registered broker or dealer.’’; 
and 
(2) in section 3C(g)(3)(A) (15 U.S.C. 78c– 
3(g)(3)(A))— 
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