STUDY AND REPORT ON DIFFERING REGULATORY TREATMENT.

SEC. 401. STUDY AND REPORT ON DIFFERING REGULATORY TREATMENT. (a) Study.—The Secretary shall conduct a study of— (1) the differences between credit unions and other federally insured financial institutions, including regulatory differences with respect to regulations enforced by the Office of Thrift Supervision, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Administration; and (2) the potential effects of the application of Federal laws, including Federal tax laws, on credit unions in the same manner as those laws are applied to other federally insured financial institutions. 112 STAT. 935 (b) Report.—Not later than 1 year after the date of enactment of this Act, the Secretary shall submit a report to the Congress on the results of the study required by subsection (a).