datamatters24/research-document-archive huggingface dataset:
pointed by the Council (except that, if an advisory, tech-
nical, or professional committee has one or more members 
who are not employees of or affiliated with the United 
States government, the Council shall publish a list of the 
names of the members of such committee). 
(b) The Council shall not be deemed an ‘‘agency’’ for 
purposes of any State or Federal law. 
SEC. 1008. OVERSIGHT BY GAO. 
(a) AUTHORITY TO AUDIT.—The Comptroller Gen-
eral of the United States may audit the activities and fi-
nancial transactions of— 
(1) the Council; and 
(2) any person or entity acting on behalf of or 
under the authority of the Council, to the extent 
such activities and financial transactions relate to 
such person’s or entity’s work for the Council. 
(b) ACCESS TO INFORMATION.— 
(1) IN GENERAL.—Notwithstanding any other 
provision of law, the Comptroller General of the 
United States shall have access, upon request and at 
such reasonable time and in such reasonable form as 
the Comptroller General may request, to— 
(A) any records or other information under 
the control of the Council; and 
VerDate Nov 24 2008 
22:04 Dec 02, 2009
Jkt 089200
PO 00000
Frm 00031
Fmt 6652
Sfmt 6201
E:\BILLS\H4173.IH
H4173
hsrobinson on DSK69SOYB1PROD with BILLS
(B) any records or other information under 
the control of a person or entity acting on be-
half of or under the authority of the Council, to 
the extent such records or other information is 
relevant to an audit under subsection (a). 
(2) CERTAIN INFORMATION SPECIFIED.—Access 
under paragraph (1) includes access to— 
(A) information provided to the Council by 
its voting and nonvoting members under section 
1101; and 
(B) the identity of each financial holding 
company subject to stricter standards. 
(c) PERIODIC EVALUATIONS.—The Comptroller Gen-
eral of the United States shall periodically evaluate the 
processes and activities of the Council and the extent to 
which the Council is fulfilling its duties under this title. 
The Comptroller General shall submit to the Committee 
on Financial Services of the House of Representatives and 
the Committee on Banking, Housing, and Urban Affairs 
of the Senate a report on the results of each such evalua-
tion. 
(d) CONFIDENTIALITY.—Any committees or Mem-
bers of Congress receiving reports or other information 
from the Comptroller General of the United States shall 
VerDate Nov 24 2008 
22:04 Dec 02, 2009
Jkt 089200
PO 00000
Frm 00032
Fmt 6652
Sfmt 6201
E:\BILLS\H4173.IH
H4173
hsrobinson on DSK69SOYB1PROD with BILLS
maintain the confidentiality of any such information relat-
ing to— 
(1) dispute resolutions undertaken under sec-
tion 1002, including the result of such dispute reso-
lutions; and 
(2) financial holding companies subject to 
stricter standards. 
Subtitle B—Prudential Regulation 
of Companies and Activities for 
Financial Stability Purposes 
SEC. 1101. COUNCIL AND BOARD AUTHORITY TO OBTAIN 
INFORMATION. 
(a) IN GENERAL.—The Council and the Board are 
authorized to receive, and may request the production of, 
any data or information from members of the Council, as 
necessary— 
(1) to monitor the financial services market-
place to identify potential threats to the stability of 
the United States financial system; 
(2) to identify global trends and developments 
that could pose systemic risks to the stability of the 
economy of the United States or other economies; or 
(3) to otherwise carry out any of the provisions 
of this title, including to ascertain a primary finan-
VerDate Nov 24 2008 
22:04 Dec 02, 2009
Jkt 089200
PO 00000
Frm 00033
Fmt 6652
Sfmt 6201
E:\BILLS\H4173.IH
H4173
hsrobinson on DSK69SOYB1PROD with BILLS
cial regulatory agency’s implementation of rec-
ommended prudential standards under this subtitle. 
(b) SUBMISSION BY COUNCIL MEMBERS.—Notwith-
standing any provision of law, any voting or nonvoting 
member of the Council is authorized to provide informa-
tion to the Council, and the members of the Council shall 
maintain the confidentiality of such information. 
(c) FINANCIAL COMPANY DATA COLLECTION.— 
(1) IN GENERAL.—The Council or the Board 
may require the submission of periodic and other re-
ports from any financial company solely for the pur-
pose of assessing the extent to which a financial ac-
tivity or financial market in which the financial com-
pany participates, or the company itself, poses a 
threat to financial stability. 
(2) MITIGATION OF REPORT BURDEN.—Before 
requiring the submission of reports from financial 
companies that are regulated by the primary finan-
cial regulatory agencies, the Council or the Board 
shall coordinate with such agencies and shall, when-
ever possible, rely on information already being col-
lected by such agencies. 
(d) CONSULTATION WITH AGENCIES
AND ENTI-
TIES.—The Council or the Board, as appropriate, may 
VerDate Nov 24 2008 
22:04 Dec 02, 2009
Jkt 089200
PO 00000
Frm 00034
Fmt 6652
Sfmt 6201
E:\BILLS\H4173.IH
H4173
hsrobinson on DSK69SOYB1PROD with BILLS
consult with Federal and State agencies and other entities 
to carry out any of the provisions of this subtitle. 
(e) ADDITIONAL PROVISIONS.— 
(1) DATA
AND
INFORMATION
SHARING.—The 
Chairman of the Council, in consultation with the 
other members of the Council may— 
(A) establish procedures to share data and 
information collected by the Council under this 
section with the members of the Council; 
(B) develop an electronic process for shar-
ing all information collected by the Council with 
the Chairman of the Board on a real-time basis; 
and 
(C) issue any regulations necessary to 
carry out this subsection; and 
(D) designate the format in which re-
quested data and information must be sub-
mitted to the Council, including any electronic, 
digital, or other format that facilitates the use 
of such data by the Council in its analysis. 
(2) APPLICABLE PRIVILEGES NOT WAIVED.—A 
Federal financial regulator, State financial regu-
lator, United States financial company, foreign fi-
nancial company operating in the United States, fi-
nancial market utility, or other person shall not be 
VerDate Nov 24 2008 
22:04 Dec 02, 2009
Jkt 089200
PO 00000
Frm 00035
Fmt 6652
Sfmt 6201
E:\BILLS\H4173.IH
H4173
hsrobinson on DSK69SOYB1PROD with BILLS
deemed to have waived any privilege otherwise appli-
cable to any data or information by transferring the 
data or information to, or permitting that data or 
information to be used by— 
(A) the Council; 
(B) any Federal financial regulator or 
State financial regulator, in any capacity; or 
(C) any other agency of the Federal Gov-
ernment (as defined in section 6 of title 18, 
United States Code). 
(3) DISCLOSURE
EXEMPTION.—Any informa-
tion obtained by the Council under this section shall 
be exempt from the disclosure requirements under 
section 552 of title 5, United States Code. 
(4) CONSULTATION
WITH
FOREIGN
GOVERN-
MENTS.—Under the supervision of the President, 
and in a manner consistent with section 207 of the 
Foreign Service Act of 1980 (22 U.S.C. 3927), the 
Chairman of the Council, in consultation with the 
other members of the Council, shall regularly consult 
with the financial regulatory entities and other ap-
propriate organizations of foreign governments or 
international organizations on matters relating to 
systemic risk to the international financial system. 
VerDate Nov 24 2008 
22:04 Dec 02, 2009
Jkt 089200
PO 00000
Frm 00036
Fmt 6652
Sfmt 6201
E:\BILLS\H4173.IH
H4173
hsrobinson on DSK69SOYB1PROD with BILLS
erning bank holding companies and financial 
holding companies and be the financial holding 
company subject to stricter standards for pur-
poses of this subtitle; or 
(B) if such company conducts at the time 
that such company is subjected to stricter pru-
dential standards in accordance with this sec-
tion activities other than those that are deter-
mined to be financial in nature or incidental 
thereto under section 4(k) of the Bank Holding 
Company Act, be required to establish and con-
duct all its activities that are determined to be 
financial in nature or incidental thereto under 
section 4(k) of the Bank Holding Company Act 
of 1956 in an intermediate holding company es-
tablished under section 6 of the Bank Holding 
Company Act of 1956, which intermediate hold-
ing company shall be treated as a bank holding 
company that has elected to be a financial hold-
ing company for purposes of the Bank Holding 
Company Act of 1956, the Federal Deposit In-
surance Act, and all other Federal laws and 
regulations governing bank holding companies 
and financial holding companies, and such sec-
tion 6 holding company shall be a financial 
VerDate Nov 24 2008 
22:04 Dec 02, 2009
Jkt 089200
PO 00000
Frm 00043
Fmt 6652
Sfmt 6201
E:\BILLS\H4173.IH
H4173
hsrobinson on DSK69SOYB1PROD with BILLS
holding company subject to stricter standards 
for purposes of this title. 
(2) EXEMPTIVE AUTHORITY.—Notwithstanding 
any provision of the Bank Holding Company Act of 
1956, the Board may, if it determines such action 
is necessary to ensure appropriate stricter prudential 
supervision, issue such exemptions from that Act as 
may be necessary with regard to financial holding 
companies subject to stricter standards that do not 
control an insured depository institution. 
(3) LEVERAGE LIMITATION.—The Board shall 
require each financial holding company subject to 
stricter standards to maintain a debt to equity ratio 
of no more than 15 to 1, and the Board shall issue 
regulations containing procedures and timelines for 
how a financial holding company subject to stricter 
standards with a debt to equity ratio of more than 
15 to 1 at the time such company becomes a finan-
cial holding company subject to stricter standards 
shall reduce such ratio. 
SEC. 1104. STRICTER PRUDENTIAL STANDARDS FOR CER-
TAIN FINANCIAL HOLDING COMPANIES FOR 
FINANCIAL STABILITY PURPOSES. 
(a) STRICTER PRUDENTIAL STANDARDS.— 
VerDate Nov 24 2008 
22:04 Dec 02, 2009
Jkt 089200
PO 00000
Frm 00044
Fmt 6652
Sfmt 6201
E:\BILLS\H4173.IH
H4173
hsrobinson on DSK69SOYB1PROD with BILLS
(1) IN GENERAL.—To mitigate risks to finan-
cial stability and the economy posed by a financial 
holding company that has been subjected to stricter 
prudential standards in accordance with section 
1103, the Board shall impose stricter prudential 
standards on such company. Such standards shall be 
designed to maximize financial stability taking costs 
to long-term financial and economic growth into ac-
count, be heightened when compared to the stand-
ards that otherwise would apply to financial holding 
companies that are not subjected to stricter pruden-
tial standards pursuant to this subtitle (including by 
addressing additional or different types of risks than 
otherwise applicable standards), and reflect the po-
tential risk posed to financial stability by the finan-
cial holding company subject to stricter standards. 
(2) STANDARDS.— 
(A) REQUIRED STANDARDS.—The height-
ened standards imposed by the Board under 
this section shall include— 
(i) risk-based capital requirements; 
(ii) leverage limits; 
(iii) liquidity requirements; 
(iv) concentration requirements (as 
specified in subsection (c)); 
VerDate Nov 24 2008 
22:04 Dec 02, 2009
Jkt 089200
PO 00000
Frm 00045
Fmt 6652
Sfmt 6201
E:\BILLS\H4173.IH
H4173
hsrobinson on DSK69SOYB1PROD with BILLS
(v) prompt corrective action require-
ments (as specified in subsection (e)); 
(vi) resolution plan requirements (as 
specified in subsection (f)); 
(vii) overall risk management require-
ments; and 
(viii) and may establish short-term 
debt limits in accordance with subsection 
(d). 
(B) 
ADDITIONAL
STANDARDS.—The 
heightened standards imposed by the Board 
under this section also may include any other 
prudential standards that the Board deems ad-
visable, including taking actions to mitigate sys-
temic risk. 
(C) CONSULTATION
WITH
FEDERAL
FI-
NANCIAL REGULATORY AGENCIES.—The Board, 
in developing stricter prudential standards 
under this subsection, shall consult with other 
Federal financial regulatory agencies with re-
spect to any standard that is likely to have a 
significant impact on a functionally regulated 
subsidiary, or a subsidiary depository institu-
tion, of a financial holding company that is sub-
VerDate Nov 24 2008 
22:04 Dec 02, 2009
Jkt 089200
PO 00000
Frm 00046
Fmt 6652
Sfmt 6201
E:\BILLS\H4173.IH
H4173
hsrobinson on DSK69SOYB1PROD with BILLS
ject to stricter prudential standards under this 
title. 
(3) APPLICATION OF REQUIRED STANDARDS.— 
In imposing prudential standards under this sub-
section, the Board may differentiate among financial 
holding companies subject to stricter standards on 
an individual basis or by category, taking into con-
sideration their capital structure, risk, complexity, 
financial activities, the financial activities of their 
subsidiaries, and any other factors that the Board 
deems appropriate. 
(4) WELL
CAPITALIZED
AND
WELL
MAN-
AGED.—A financial holding company subject to 
stricter standards shall at all times after it is subject 
to such standards be well capitalized and well man-
aged as defined by the Board. 
(5) APPLICATION TO FOREIGN FINANCIAL COM-
PANIES.—The Board shall prescribe regulations re-
garding the application of stricter prudential stand-
ards to financial companies that are organized or in-
corporated in a country other than the United 
States, and that own or control a Federal or State 
branch, subsidiary, or operating entity that is a fi-
nancial holding company subject to stricter stand-
ards, giving due regard to the principle of national 
VerDate Nov 24 2008 
22:04 Dec 02, 2009
Jkt 089200
PO 00000
Frm 00047
Fmt 6652
Sfmt 6201
E:\BILLS\H4173.IH
H4173
hsrobinson on DSK69SOYB1PROD with BILLS
treatment and equality of competitive opportunity 
and taking into account the extent to which such 
companies are subject to home country standards 
comparable to those applied to financial holding 
companies in the United States. 
(6) INCLUSION OF OFF BALANCE SHEET AC-
TIVITIES IN COMPUTING CAPITAL REQUIREMENTS.— 
(A) IN GENERAL.—In the case of any fi-
nancial holding company subject to stricter 
standards, the computation of capital require-
ments shall take into account off balance sheet 
activities for such a company. 
(B) EXEMPTION.—If the Board determines 
that an exemption from the requirements under 
subparagraph (A) is appropriate, the Board 
may exempt a financial holding company sub-
ject to stricter standards from the requirements 
under subparagraph (A) or any transaction or 
transactions engaged in by such a company. 
(C) OFF BALANCE SHEET ACTIVITIES DE-
FINED.—For purposes of this paragraph, the 
term ‘‘off balance sheet activities’’ means a li-
ability that is not currently a balance sheet li-
ability but may become one upon the happening 
of some future event, including the following 
VerDate Nov 24 2008 
22:04 Dec 02, 2009
Jkt 089200
PO 00000
Frm 00048
Fmt 6652
Sfmt 6201
E:\BILLS\H4173.IH
H4173
hsrobinson on DSK69SOYB1PROD with BILLS
under the qualifying incubation relation-
ship is located is ranked lower than 75 but 
not lower than 100, the radio markets or 
DMAs ranked lower than 75; 
(iv) if the highest-ranked radio mar-
ket or DMA in which an incubated station 
under the qualifying incubation relation-
ship is located is ranked lower than 100 
but not lower than 150, the radio markets 
or DMAs ranked lower than 100; and 
(v) if the highest-ranked radio market 
or DMA in which an incubated station 
under the qualifying incubation relation-
ship is located is ranked lower than 150, 
the radio markets or DMAs ranked lower 
than 150. 
(B) MARKET RANKINGS.—For purposes of 
subparagraph (A)— 
(i) a DMA ranking refers to the 
rankings of DMAs based on the number of 
television households, as determined by 
Nielsen Media Research and published 
most recently before the granting of the 
waiver in the Nielsen Station Index Direc-
tory and Nielsen Station Index United 
VerDate Sep 11 2014 
05:02 Sep 05, 2020
Jkt 099200
PO 00000
Frm 00016
Fmt 6652
Sfmt 6201
E:\BILLS\H8154.IH
H8154
pbinns on DSKJLVW7X2PROD with BILLS
116TH CONGRESS 
2D SESSION 
H. R. 8161 
AN ACT 
To authorize implementation grants to community-based 
nonprofits to operate one-stop reentry centers. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
116TH CONGRESS 
2D SESSION 
H. R. 8162 
AN ACT 
To express the sense of Congress that the Secretary of Edu-
cation should provide certain waivers to community 
learning centers, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
1088 
HR 4173 RFS
(ii) before the reorganization occurs, 
all employees in the same locality pay area 
as defined by the Director of the Office of 
Personnel Management shall be placed in a 
uniform position classification system; and 
(iii) any resulting reduction in force 
shall be governed by the provisions of 
chapter 35 of title 5, United States Code, 
except that the Agency shall— 
(I) establish competitive areas 
(as that term is defined in regulations 
issued by the Director of the Office of 
Personnel Management) to include at 
a minimum all employees in the same 
locality pay area as defined by the Of-
fice of Personnel Management; 
(II) establish competitive levels 
(as that term is defined in regulations 
issued by the Director of the Office of 
Personnel Management) without re-
gard to whether the particular em-
ployees have been appointed to posi-
tions in the competitive service or the 
excepted service; and 
VerDate Nov 24 2008 
04:13 Jan 21, 2010
Jkt 089200
PO 00000
Frm 01088
Fmt 6652
Sfmt 6201
E:\BILLS\H4173.RFS
H4173
SMARTINEZ on DSKH9S0YB1PROD with BILLS
468 
† HR 4173 PP
pervised by the Board of Governors under this section; 
and 
(6) the terms ‘‘affiliate’’, ‘‘bank’’, ‘‘bank holding 
company’’, ‘‘company’’, ‘‘control’’, ‘‘savings associa-
tion’’, and ‘‘subsidiary’’ have the same meanings as 
in section 2 of the Bank Holding Company Act of 
1956. 
(b) SUPERVISION OF A SECURITIES HOLDING COM-
PANY NOT HAVING A BANK OR SAVINGS ASSOCIATION AF-
FILIATE.— 
(1) IN GENERAL.—A securities holding company 
that is required by a foreign regulator or provision of 
foreign law to be subject to comprehensive consoli-
dated supervision may register with the Board of 
Governors under paragraph (2) to become a super-
vised securities holding company. Any securities hold-
ing company filing such a registration shall be super-
vised in accordance with this section, and shall com-
ply with the rules and orders prescribed by the Board 
of Governors applicable to supervised securities hold-
ing companies. 
(2) REGISTRATION AS A SUPERVISED SECURI-
TIES HOLDING COMPANY.— 
(A) REGISTRATION.—A securities holding 
company that elects to be subject to comprehen-
469 
† HR 4173 PP
sive consolidated supervision shall register by fil-
ing with the Board of Governors such informa-
tion and documents as the Board of Governors, 
by regulation, may prescribe as necessary or ap-
propriate in furtherance of the purposes of this 
section. 
(B) EFFECTIVE DATE.—A securities holding 
company that registers under subparagraph (A) 
shall be deemed to be a supervised securities 
holding company, effective on the date that is 45 
days after the date of receipt of the registration 
information and documents under subparagraph 
(A) by the Board of Governors, or within such 
shorter period as the Board of Governors, by rule 
or order, may determine. 
(c) SUPERVISION OF SECURITIES HOLDING COMPA-
NIES.— 
(1) RECORDKEEPING AND REPORTING.— 
(A) RECORDKEEPING AND REPORTING RE-
QUIRED.—Each supervised securities holding 
company and each affiliate of a supervised secu-
rities holding company shall make and keep for 
periods determined by the Board of Governors 
such records, furnish copies of such records, and 
make such reports, as the Board of Governors de-
IV 
House Calendar No. 107 
111TH CONGRESS 
1ST SESSION 
H. RES. 745 
[Report No. 111–255] 
Providing for consideration of the bill (H.R. 3246) to provide for a program 
of research, development, demonstration, and commercial application in 
vehicle technologies at the Department of Energy. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 15, 2009 
Ms. MATSUI, from the Committee on Rules, reported the following resolution; 
which was referred to the House Calendar and ordered to be printed 
RESOLUTION 
Providing for consideration of the bill (H.R. 3246) to provide 
for a program of research, development, demonstration, 
and commercial application in vehicle technologies at the 
Department of Energy. 
Resolved, That at any time after the adoption of this 
resolution the Speaker may, pursuant to clause 2(b) of 
rule XVIII, declare the House resolved into the Committee 
of the Whole House on the state of the Union for consider-
ation of the bill (H.R. 3246) to provide for a program 
of research, development, demonstration, and commercial 
VerDate Nov 24 2008 
23:49 Sep 15, 2009
Jkt 079200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\HR745.RH
HR745
smartinez on DSKB9S0YB1PROD with BILLS
IV 
House Calendar No. 108 
111TH CONGRESS 
1ST SESSION 
H. RES. 746 
[Report No. 111–256] 
Providing for consideration of the bill (H.R. 3221) to amend the Higher 
Education Act of 1965, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 15, 2009 
Mr. POLIS of Colorado, from the Committee on Rules, reported the following 
resolution; which was referred to the House Calendar and ordered to be 
printed 
RESOLUTION 
Providing for consideration of the bill (H.R. 3221) to amend 
the Higher Education Act of 1965, and for other purposes. 
Resolved, That at any time after the adoption of this 
resolution the Speaker may, pursuant to clause 2(b) of 
rule XVIII, declare the House resolved into the Committee 
of the Whole House on the state of the Union for consider-
ation of the bill (H.R. 3221) to amend the Higher Edu-
cation Act of 1965, and for other purposes. The first read-
ing of the bill shall be dispensed with. All points of order 
VerDate Nov 24 2008 
23:49 Sep 15, 2009
Jkt 079200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\HR746.RH
HR746
smartinez on DSKB9S0YB1PROD with BILLS
† HR 4173 PP
(d) REEVALUATION AND RESCISSION.—The Council 
shall— 
(1) not less frequently than annually, reevaluate 
each determination made under subsections (a) and 
(b) with respect to each nonbank financial company 
supervised by the Board of Governors; and 
(2) rescind any such determination, if the Coun-
cil, by a vote of not fewer than 2⁄3 of the members then 
serving, including an affirmative vote by the Chair-
person, determines that the nonbank financial com-
pany no longer meets the standards under subsection 
(a) or (b), as applicable. 
(e) NOTICE AND OPPORTUNITY FOR HEARING AND 
FINAL DETERMINATION.— 
(1) IN GENERAL.—The Council shall provide to 
a nonbank financial company written notice of a pro-
posed determination of the Council, including an ex-
planation of the basis of the proposed determination 
of the Council, that such nonbank financial company 
shall be supervised by the Board of Governors and 
shall be subject to prudential standards in accordance 
with this title. 
(2) HEARING.—Not later than 30 days after the 
date of receipt of any notice of a proposed determina-
tion under paragraph (1), the nonbank financial