Sec. 4. Prohibition on subsidy transfers
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Section 23A of the Federal Reserve Act ( 12 U.S.C. 371c ) is amended— in subsection (a), by adding at the end the following: Except as provided in subparagraph (B), only an insured depository institution that is a member bank or an affiliate or subsidiary of a member bank may engage in a covered transaction with another affiliate or subsidiary that is not an insured depository institution. Notwithstanding subparagraph (A), an insured depository institution that is not a member bank or an affiliate or subsidiary of a member bank may— engage in lawful dividend payments to its holding company; or make sales of property or securities to, or accept infusions of capital or other distributions from, its parent holding company, consistent with section 38A of the Federal Deposit Insurance Act (12 U.S.C. 1831p). ; and in subsection (b)— by redesignating paragraphs
(8)through
(11)as paragraphs
(9)through (12), respectively; and by inserting after paragraph
(7)the following: the term member bank means a member bank having less than $50,000,000,000 of total consolidated assets; .
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