Sec. 403. Exclusion of issuers of asset-backed securities from covered funds

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Section 13(h)(2) of the Bank Holding Company Act of 1956 ( 12 U.S.C. 1851(h)(2) ) is amended— by striking and inserting the following: private equity fund mean an issuer private equity fund — mean an issuer ; by striking the period and inserting ; and ; and by adding at the end the following: does not include an issuer, if such issuer is described under subparagraph

(A)solely because such issuer issues asset-backed securities (as such term is defined under section 3(a) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a) )). .

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Sec. 403

Exclusion of issuers of asset-backed securities from covered funds

U.S.C.§ 1851

U.S.C.§ 78c

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