Sec. 932. Revisions to Board authority
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Section 163 of the Financial Stability Act of 2010 ( 12 U.S.C. 5363 ) is amended by striking with total consolidated assets equal to or greater than $50,000,000,000 each place that term appears and inserting subject to a determination under section 113A(a) . Section 164 of the Financial Stability Act of 2010 ( 12 U.S.C. 5364 ) is amended by striking with total consolidated assets equal to or greater than $50,000,000,000 and inserting subject to a determination under section 113A(a) .
Section 165 of the Financial Stability Act of 2010 ( 12 U.S.C. 5365 ) is amended— in subsection (a)— in paragraph (1), by striking with total consolidated assets equal to or greater than $50,000,000,000 and inserting subject to a determination under section 113A(a) ; and in paragraph (2)— by striking and all that follows through application In prescribing and inserting ; and application .—In prescribing by striking subparagraph (B); in subsection (b)(3), by inserting and the factors used by the Council pursuant to section 113A(b) after subsections
(a)and
(b)of section 113 each place that term appears; in subsection (h), by striking $10,000,000,000 each place that term appears and inserting $50,000,000,000 (as such amount is adjusted annually by the Council to reflect the percentage change for the previous calendar year in the gross domestic product of the United States, as calculated by the Bureau of Economic Analysis of the Department of Commerce) ; in subsection (i)(2)(A), by striking $10,000,000,000 and inserting $50,000,000,000 (as such amount is adjusted annually by the Council to reflect the percentage change for the previous calendar year in the gross domestic product of the United States, as calculated by the Bureau of Economic Analysis of the Department of Commerce) ; and in subsection (j)— in paragraph (1), by striking with total consolidated assets equal to or greater than $50,000,000,000 and inserting described in subsection
(a); and by striking paragraph
(2)and inserting the following: In making a determination under this subsection, the Council shall— in the case of a nonbank financial company supervised by the Board of Governors, consider the factors described in subsections
(a)and
(b)of section 113 and any other risk-related factors that the Council deems appropriate; and in the case of a bank holding company described in subsection (a), consider the factors used by the Council pursuant to section 113A(b). . The second subsection designated as subsection (s)(2) of the Federal Reserve Act ( 12 U.S.C. 248(s)(2) ) (relating to assessments, fees, and other charges for certain companies) is amended— in subparagraph (A), by striking having total consolidated assets of $50,000,000,000 or more; and inserting subject to a determination under section 113A(a) of the Financial Stability Act of 2010; and ; by striking subparagraph (B); and by redesignating subparagraph
(C)as subparagraph (B).
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