(2) in subparagraph (E) (as so redesignated by 
paragraph (1) of this subsection) by striking ‘‘(A), 
(B), or (C)’’ and inserting ‘‘(A), (B), (C), or (D)’’. 
(b) DEFINITION OF BANK UNDER THE INVESTMENT 
ADVISERS ACT OF 1940.—Section 202(a)(2) of the In-
vestment Advisers Act of 1940 (15 U.S.C. 80b–2(a)(2)) 
is amended—
(1) by striking ‘‘this title, and (D) a receiver’’ 
and inserting ‘‘this title, (D) an insured credit union 
(as defined in section 101(7) of the Federal Credit 
Union Act) but only for activities otherwise author-
ized by applicable laws to which such credit unions 
are subject, and (E) a receiver’’; and 
(2) in subparagraph (E) (as so redesignated by 
paragraph (1) of this subsection) by striking ‘‘(A), 
(B), or (C)’’ and inserting ‘‘(A), (B), (C), or (D)’’. 
(c) DEFINITION OF APPROPRIATE FEDERAL BANK-
ING AGENCY UNDER THE SECURITIES EXCHANGE ACT OF 
1934.—Section 3(a)(34) of the Securities Exchange Act 
of 1934 (15 U.S.C. 78c(a)(34)) is amended—
(1) in subparagraph (A)—
(A) by striking ‘‘and’’ at the end of clause 
(iii); 
(B) by redesignating clause (iv) as clause 
(v); and
(C) by inserting the following new clause 
after clause (iii): 
‘‘(iv) the National Credit Union Ad-
ministration Board, in the case of an in-
sured credit union (as defined in section 
101(7) of the Federal Credit Union Act) or 
a subsidiary or a department or division of 
any such insured credit union; and’’; 
(2) in subparagraph (B)—
(A) by striking ‘‘and’’ at the end of clause 
(iii); 
(B) by redesignating clause (iv) as clause 
(v); and 
(C) by inserting the following new clause 
after clause (iii): 
‘‘(iv) the National Credit Union Ad-
ministration Board, in the case of an in-
sured credit union (as defined in section 
101(7) of the Federal Credit Union Act) or 
a subsidiary of any such insured credit 
union; and’’; 
(3) in subparagraph (C)—
(A) by striking ‘‘and’’ at the end of clause 
(iii);
(B) by redesignating clause (iv) as clause 
(v); and 
(C) by inserting the following new clause 
after clause (iii): 
‘‘(iv) the National Credit Union Ad-
ministration Board, in the case of an in-
sured credit union (as defined in section 
101(7) of the Federal Credit Union Act) or 
a subsidiary of any such insured credit 
union; and’’; 
(4) in subparagraph (D)—
(A) by striking ‘‘and’’ at the end of clause 
(ii); 
(B) by redesignating clause (iii) as clause 
(iv); and 
(C) by inserting the following new clause 
after clause (ii): 
‘‘(iii) the National Credit Union Ad-
ministration Board, in the case of an in-
sured credit union (as defined in section 
101(7) of the Federal Credit Union Act); 
and’’; and 
(5) in subparagraph (F)—
(A) by redesignating clauses (ii), (iii), and 
(iv) as clauses (iii), (iv), and (v), respectively; 
and 
(B) by inserting the following new clause 
after clause (i): 
‘‘(ii) the National Credit Union Ad-
ministration Board, in the case of an in-
sured credit union (as defined in section 
101(7) of the Federal Credit Union Act);’’. 
(d) DEFINITION OF APPROPRIATE FEDERAL BANK-
ING AGENCY UNDER THE INVESTMENT ADVISERS ACT OF 
1940.—Section 210A(c) of the Investment Advisers Act 
of 1940 (15 U.S.C. 80b–10a(c)) is amended by inserting 
‘‘and includes the National Credit Union Administration 
Board, in the case of an insured credit union (as defined 
in section 101(7) of the Federal Credit Union Act)’’ before 
the period at the end.
Æ