BANK HOLDING COMPANY ACT OF 1956.

SEC. 354. BANK HOLDING COMPANY ACT OF 1956. The Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) is amended—(1) in section 2(j)(3) (12 U.S.C. 1841(j)(3)), strike “Director of the Office of Thrift Supervision” and inserting “appropriate Federal banking agency”;(2) in section 4 (12 U.S.C. 1843)—(A) in subsection (i)—(i) in paragraph (4)—(I) in subparagraph (A)—(aa) in the subparagraph heading, by striking “to director”; and(bb) by striking “Board” and all that follows through the end of the subparagraph and inserting “Board shall solicit comments and recommendations from—“(i) the Comptroller of the Currency, with respect to the acquisition of a Federal savings association; and124 STAT. 1547“(ii) the Federal Deposit Insurance Corporation, with respect to the acquisition of a State savings association.”.(II) in subparagraph (B), by striking “Director” each place that term appears and inserting “Comptroller of the Currency or the Federal Deposit Insurance Corporation, as applicable,”;(ii) in paragraph (5)—(I) in subparagraph (B), by striking “Director with” and inserting “Comptroller of the Currency or the Federal Deposit Insurance Corporation, as applicable, with”; and(II) by striking “Director” each place that term appears and inserting “Comptroller of the Currency or the Federal Deposit Insurance Corporation”;(iii) in paragraph (6), by striking “Director” and inserting “Comptroller of the Currency or the Federal Deposit Insurance Corporation, as applicable,”; and(iv) by striking paragraph (7); and(3) in section 5(f) (12 U.S.C. 1844(f))—(A) by striking “subpena” each place that term appears and inserting “subpoena”;(B) by striking “subpenas” each place that term appears and inserting “subpoenas”; and(C) by striking “subpenaed” and inserting “subpoenaed”.