ELIMINATION OF ELECTIVE INVESTMENT BANK HOLDING COMPANY FRAMEWORK.

SEC. 617. ELIMINATION OF ELECTIVE INVESTMENT BANK HOLDING COMPANY FRAMEWORK.(a) Amendment.—Section 17 of the Securities Exchange Act of 1934 (15 U.S.C. 78q) is amended—(1) by striking subsection (i); and(2) by redesignating subsections (j) and (k) as subsections (i) and (j), respectively.(b) Effective Date.—The amendments made by this section shall take effect on the transfer date.