GOLDEN PARACHUTE AUTHORITY AND NONBANK HOLDING COMPANIES.

SEC. 704. GOLDEN PARACHUTE AUTHORITY AND NONBANK HOLDING COMPANIES. Section 18(k) of the Federal Deposit Insurance Act (12 U.S.C. 1828(k)) is amended—(1) in paragraph (2)(A), by striking “or depository institution holding company” and inserting “or covered company”;(2) in paragraph (2), by striking subparagraph (B), and inserting the following:“(B) Whether there is a reasonable basis to believe that the institution-affiliated party is substantially responsible for—“(i) the insolvency of the depository institution or covered company;“(ii) the appointment of a conservator or receiver for the depository institution; or“(iii) the troubled condition of the depository institution (as defined in the regulations prescribed pursuant to section 32(f)).”;(3) in paragraph (2)(F), by striking “depository institution holding company” and inserting “covered company,”;(4) in paragraph (3) in the matter preceding subparagraph (A), by striking “depository institution holding company” and inserting “covered company”;(5) in paragraph (3)(A), by striking “holding company” and inserting “covered company”;(6) in paragraph (4)(A)—(A) by striking “depository institution holding company” each place that term appears and inserting “covered company”; and(B) by striking “holding company” each place that term appears (other than in connection with the term referred to in subparagraph (A)) and inserting “covered company”;(7) in paragraph (5)(A), by striking “depository institution holding company” and inserting “covered company”;(8) in paragraph (5), by adding at the end the following:“(D) Covered company.—The term ‘covered company’ means any depository institution holding company (including any company required to file a report under section 4(f)(6) of the Bank Holding Company Act of 1956), or any other company that controls an insured depository institution.”; and(9) in paragraph (6)—(A) by striking “depository institution holding company” and inserting “covered company,”; and120 STAT. 1987(B) by striking “or holding company” and inserting “or covered company”.