EXEMPTION AUTHORITY FOR ANTITYING PROVISION.

SEC. 2216. EXEMPTION AUTHORITY FOR ANTITYING PROVISION. (a) Federal Reserve Board Authority.— Section 106(b)(1) of the Bank Holding Company Act Amendments of 1970 (12 U.S.C. 1972(1)) is amended in the last sentence, by inserting “and the prohibitions of section 4(f)(9) and 4(h)(2) of the Bank Holding Company Act of 1956” after “prohibition”. (b) OTS Authority.— Section 5(q) of the Home Owners’ Loan Act (12 U.S.C. 1464(q)) is amended by adding at the end the following new paragraph: 110 STAT. 3009–414 “(6) Exceptions.— The Director may, by regulation or order, permit such exceptions to the prohibitions of this subsection as the Director considers will not be contrary to the purposes of this subsection and which conform to exceptions granted by the Board of Governors of the Federal Reserve System pursuant to section 106(b) of the Bank Holding Company Act Amendments of 1970.”.