FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL.

SEC. 714. FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL.(a) Council Membership.—Section 1004(a) of the Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C. 3303(a)) is amended—(1) in paragraph (4), by striking “Thrift” and all that follows through the end of the paragraph and inserting “Thrift Supervision,”;(2) in paragraph (5) by striking the period at the end and inserting “, and”; and(3) by adding at the end the following:“(6) the Chairman of the State Liaison Committee.”.(b) Chairperson of Liaison Committee.—Section 1007 of the Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C. 3306) is amended by adding at the end the following: “Members of the Liaison Committee shall elect a chairperson from among the members serving on the committee.”.