IB 
Union Calendar No. 848 
115TH CONGRESS 
2D SESSION 
H. R. 6158 
[Report No. 115–1096] 
To amend the Federal Deposit Insurance Act to exclude affiliates and subsidi-
aries of insured depository institutions in the definition of deposit broker, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 20, 2018 
Mr. TIPTON (for himself, Mr. CLAY, and Mr. MEEKS) introduced the following 
bill; which was referred to the Committee on Financial Services 
DECEMBER 21, 2018 
Additional sponsors: Mr. BARR, Mr. WILLIAMS, Mr. LOUDERMILK, and Mr. 
ZELDIN 
DECEMBER 21, 2018 
Committed to the Committee of the Whole House on the State of the Union 
and ordered to be printed 
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A BILL 
To amend the Federal Deposit Insurance Act to exclude 
affiliates and subsidiaries of insured depository institu-
tions in the definition of deposit broker, and for other 
purposes. 
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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 ‘‘Brokered Deposit Af-
filiate-Subsidiary Modernization Act of 2018’’. 
SEC. 2. EXCLUSION OF AFFILIATES AND SUBSIDIARIES OF 
INSURED DEPOSITORY INSTITUTIONS IN THE 
DEFINITION OF DEPOSIT BROKER. 
Section 29(g) of the Federal Deposit Insurance Act 
(12 U.S.C. 1831f(g)) is amended— 
(1) in paragraph (2)— 
(A) in subparagraph (A), by inserting ‘‘or 
any affiliate or subsidiary of such insured de-
pository institution’’ after ‘‘insured depository 
institution’’; and 
(B) in subparagraph (B), by inserting ‘‘or 
any affiliate or subsidiary of such insured de-
pository institution’’ after ‘‘insured depository 
institution’’; and 
(2) by striking paragraph (4) and inserting the 
following: 
‘‘(4) EMPLOYEE.—For purposes of this sub-
section, the term ‘employee’— 
‘‘(A) means an individual who receives 
compensation in any form from an insured de-
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pository institution or an affiliate or subsidiary 
of such insured depository institution; and 
‘‘(B) includes a registered representative of 
a broker or dealer that is an affiliate or sub-
sidiary of an insured depository institution.’’. 
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Union Calendar No. 848 
115TH CONGRESS 
2D SESSION 
H. R. 6158 
[Report No. 115–1096] 
A BILL 
To amend the Federal Deposit Insurance Act to ex-
clude affiliates and subsidiaries of insured depos-
itory institutions in the definition of deposit 
broker, and for other purposes. 
DECEMBER 21, 2018 
Committed to the Committee of the Whole House on the 
State of the Union and ordered to be printed 
VerDate Sep 11 2014 
22:18 Dec 21, 2018
Jkt 089200
PO 00000
Frm 00006
Fmt 6651
Sfmt 6651
E:\BILLS\H6158.RH
H6158
pamtmann on DSKBFK8HB2PROD with BILLS