IB 
Union Calendar No. 444 
114TH CONGRESS 
2D SESSION 
H. R. 4894 
[Report No. 114–574, Part I] 
To repeal title II of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 11, 2016 
Mr. WESTMORELAND introduced the following bill; which was referred to the 
Committee on Financial Services, and in addition to the Committees on 
Agriculture, the Judiciary, and Ways and Means, for a period to be sub-
sequently determined by the Speaker, in each case for consideration of 
such provisions as fall within the jurisdiction of the committee concerned 
MAY 19, 2016 
Additional sponsor: Mr. ALLEN 
MAY 19, 2016 
Reported from the Committee on Financial Services 
MAY 19, 2016 
The Committees on Agriculture, the Judiciary, and Ways and Means dis-
charged; 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 repeal title II of the Dodd-Frank Wall Street Reform 
and Consumer Protection Act. 
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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. REPEAL OF LIQUIDATION AUTHORITY. 
(a) IN GENERAL.—Title II of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act is hereby re-
pealed and any Federal law amended by such title shall, 
on and after the effective date of this Act, be effective 
as if title II of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act had not been enacted. 
(b) CONFORMING AMENDMENTS.— 
(1) DODD-FRANK WALL STREET REFORM AND 
CONSUMER
PROTECTION
ACT.—The Dodd-Frank 
Wall Street Reform and Consumer Protection Act is 
amended— 
(A) in the table of contents for such Act, 
by striking all items relating to title II; 
(B) in section 151, by amending paragraph 
(2) to read as follows: 
‘‘(2) the term ‘financial company’ means— 
‘‘(A) any company that is incorporated or 
organized under any provision of Federal law or 
the laws of any State; 
‘‘(B) any company that is— 
‘‘(i) a bank holding company, as de-
fined in section 2(a) of the Bank Holding 
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Company 
Act 
of 
1956 
(12 
U.S.C. 
1841(a)); 
‘‘(ii) a nonbank financial company su-
pervised by the Board of Governors; 
‘‘(iii) any company that is predomi-
nantly engaged in activities that the Board 
of Governors has determined are financial 
in nature or incidental thereto for purposes 
of section 4(k) of the Bank Holding Com-
pany Act of 1956 (12 U.S.C. 1843(k)) 
other than a company described in clause 
(i) or (ii); or 
‘‘(iv) any subsidiary of any company 
described in any of clauses (i) through (iii) 
that is predominantly engaged in activities 
that the Board of Governors has deter-
mined are financial in nature or incidental 
thereto for purposes of section 4(k) of the 
Bank Holding Company Act of 1956 (12 
U.S.C. 1843(k)) (other than a subsidiary 
that is an insured depository institution or 
an insurance company); 
‘‘(C) any company that is not a Farm 
Credit System institution chartered under and 
subject to the provisions of the Farm Credit 
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Act of 1971, as amended (12 U.S.C. 2001 et 
seq.), a governmental entity, or a regulated en-
tity, as defined under section 1303(20) of the 
Federal Housing Enterprises Financial Safety 
and Soundness Act of 1992 (12 U.S.C. 
4502(20)); and 
‘‘(D) includes an insured depository insti-
tution and an insurance company;’’; 
(C) in section 165(d)(6), by striking ‘‘, a 
receiver appointed under title II,’’; 
(D) in section 716(g), by striking ‘‘or a 
covered financial company under title II’’; 
(E) in section 1105(e)(5), by striking 
‘‘amount of any securities issued under that 
chapter 31 for such purpose shall be treated in 
the same manner as securities issued under sec-
tion 208(n)(5)(E)’’ and inserting ‘‘issuances of 
such securities under that chapter 31 for such 
purpose shall by treated as public debt trans-
actions of the United States, and the proceeds 
from the sale of any obligations acquired by the 
Secretary under this paragraph shall be depos-
ited into the Treasury of the United States as 
miscellaneous receipts’’; and 
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