I 
110TH CONGRESS 
1ST SESSION H. R. 3526 
To include all banking agencies within the existing regulatory authority under 
the Federal Trade Commission Act with respect to depository institu-
tions, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 14, 2007 
Mr. FRANK of Massachusetts introduced the following bill; which was referred 
to the Committee on Financial Services, and in addition to the Committee 
on Energy and Commerce, for a period to be subsequently determined by 
the Speaker, in each case for consideration of such provisions as fall with-
in the jurisdiction of the committee concerned 
A BILL 
To include all banking agencies within the existing regulatory 
authority under the Federal Trade Commission Act with 
respect to depository institutions, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. INCLUSION OF ALL BANKING AGENCIES. 
(a) IN GENERAL.—The second sentence of section 
18(f)(1) of the Federal Trade Commission Act (15 U.S.C. 
57a(f)(1)) is amended— 
(1) by striking ‘‘The Board of Governors of the 
Federal Reserve System (with respect to banks) and 
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the Federal Home Loan Bank Board (with respect 
to savings and loan institutions described in para-
graph (3))’’ and inserting ‘‘Each Federal banking 
agency (with respect to depository institutions)’’; 
and 
(2) by inserting ‘‘, which shall be prescribed 
jointly by such agencies to the extent practicable,’’ 
after ‘‘shall prescribe regulations’’. 
(b) TECHNICAL AND CONFORMING AMENDMENTS.— 
Section 18(f) of the Federal Trade Commission Act (15 
U.S.C. 57a(f)(1)) is amended— 
(1) in the first sentence of paragraph (1)— 
(A) by striking ‘‘banks or savings and loan 
institutions described in paragraph (3), each 
agency specified in paragraph (2) or (3)’’ and 
inserting ‘‘depository institutions, the Federal 
banking agencies and the National Credit 
Union Administration Board’’; 
(2) in the third sentence of paragraph (1)— 
(A) by striking ‘‘each such Board’’ and in-
serting ‘‘each such banking agency and the Na-
tional Credit Union Administration Board’’; 
(B) by striking ‘‘banks or savings and loan 
institutions described in paragraph (3)’’ each 
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place such term appears and inserting ‘‘deposi-
tory institutions’’; and 
(C) by striking ‘‘with respect to banks, 
savings and loan institutions’’ and inserting 
‘‘with respect to depository institutions’’; 
(3) by adding at the end of paragraph (1) the 
following new sentence: ‘‘For purposes of this sub-
section, the terms ‘Federal banking agency’ and ‘de-
pository institution’ have the same meaning as in 
section 3 of the Federal Deposit Insurance Act.’’; 
(4) in paragraph (3), by inserting ‘‘by the Di-
rector of the Office of Thrift Supervision’’ before the 
period at the end; 
(5) in paragraph (4), by inserting ‘‘by the Na-
tional Credit Union Administration’’ before the pe-
riod at the end; and 
(6) in paragraph (6), by striking ‘‘the Board of 
Governors of the Federal Reserve System’’ and in-
serting ‘‘any Federal banking agency or the National 
Credit Union Administration Board’’. 
Æ 
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