I 
112TH CONGRESS 
2D SESSION 
H. R. 6524 
To make improvements to provisions of the Bank Holding Company Act 
of 1956 relating to proprietary trading by banking entities. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 21, 2012 
Mr. KING of New York (for himself, Mr. GRIMM, Mr. HUIZENGA of Michigan, 
Mr. GARY G. MILLER of California, and Mr. CAMPBELL) introduced the 
following bill; which was referred to the Committee on Financial Services 
A BILL 
To make improvements to provisions of the Bank Holding 
Company Act of 1956 relating to proprietary trading 
by banking entities. 
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 ‘‘U.S. Financial Services 
Global Viability Act’’. 
SEC. 2. AMENDMENTS TO THE BANK HOLDING COMPANY 
ACT OF 1956. 
Section 13 of the Bank Holding Company Act of 
1956 (12 U.S.C. 1851) is amended— 
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(1) by redesignating subsection (h) as sub-
section (i) and by inserting after subsection (g) the 
following new subsection: 
‘‘(h) IDENTIFICATION AND CERTIFICATION.— 
‘‘(1) IN GENERAL.—Subsection (a) and (c) and 
any rule or regulation prescribed pursuant to sub-
section (b)(2), or any other regulatory action to en-
force or implement any provision of this section, 
shall not be effective until the Secretary of the 
Treasury— 
‘‘(A) identifies the foreign countries (in-
cluding the United Kingdom, France, Germany, 
Switzerland, Japan, Brazil, China, Canada, and 
Mexico) that have foreign banks chartered and 
headquartered in such countries that compete 
significantly with banking entities subject to the 
provisions of this section; and 
‘‘(B) certifies that such countries have ap-
plied to such foreign banks, including the sub-
sidiaries and affiliates of such banks, require-
ments equivalent to those set forth under this 
section. 
‘‘(2) HEARING; JUDICIAL REVIEW.—The certifi-
cation under paragraph (1)(B) shall be determined 
after interested parties are given the opportunity for 
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a hearing on the record in accordance with the pro-
cedures set forth under section 554 of title 5, United 
States Code, and such parties are entitled to judicial 
review in accordance with chapter 7 of such title in 
the United States Court of Appeals for the District 
of Columbia Circuit. 
‘‘(3) POSTPONEMENT OF EFFECTIVE DATE.— 
The effective date of the provisions, rules, and regu-
lations described under paragraph (1) shall be post-
poned pending judicial review.’’; and 
(2) in subsection (i), as redesignated in para-
graph (1)— 
(A) 
by 
redesignating 
paragraphs 
(2) 
through (7) as paragraphs (3) through (8), re-
spectively; and 
(B) inserting after paragraph (1) the fol-
lowing new paragraph: 
‘‘(2) FOREIGN BANK; FOREIGN COUNTRY.—The 
terms ‘foreign bank’ and ‘foreign country’ shall have 
the same meanings as are given such terms in sec-
tion 1 of the International Banking Act of 1978 (12 
U.S.C. 3101).’’. 
Æ 
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