PUBLIC LAW 109–351—OCT. 13, 2006
120 STAT. 1987
(B) by striking ‘‘or holding company’’ and inserting ‘‘or covered company’’. SEC. 705. AMENDMENTS RELATING TO CHANGE IN BANK CONTROL.
Section 7(j) of the Federal Deposit Insurance Act (12 U.S.C. 1817(j)) is amended— (1) in paragraph (1)(D)— (A) by striking ‘‘is needed to investigate’’ and inserting ‘‘is needed— ‘‘(i) to investigate’’; (B) by striking ‘‘United States Code.’’ and inserting ‘‘United States Code; or’’; and (C) by adding at the end the following: ‘‘(ii) to analyze the safety and soundness of any plans or proposals described in paragraph (6)(E) or the future prospects of the institution.’’; and (2) in paragraph (7)(C), by striking ‘‘the financial condition of any acquiring person’’ and inserting ‘‘either the financial condition of any acquiring person or the future prospects of the institution’’. SEC. 706. AMENDMENT TO PROVIDE THE FEDERAL RESERVE BOARD WITH DISCRETION CONCERNING THE IMPUTATION OF CONTROL OF SHARES OF A COMPANY BY TRUSTEES.
Section 2(g)(2) of the Bank Holding Company Act of 1956 (12 U.S.C. 1841(g)(2)) is amended by inserting before the period at the end ‘‘, unless the Board determines that such treatment is not appropriate in light of the facts and circumstances of the case and the purposes of this Act’’. SEC. 707. INTERAGENCY DATA SHARING.
(a) FEDERAL BANKING AGENCIES.—Section 7(a)(2) of the Federal Deposit Insurance Act (12 U.S.C. 1817(a)(2)) is amended by adding at the end the following: ‘‘(C) DATA SHARING WITH OTHER AGENCIES AND PERSONS.—In addition to reports of examination, reports of condition, and other reports required to be regularly provided to the Corporation (with respect to all insured depository institutions, including a depository institution for which the Corporation has been appointed conservator or receiver) or an appropriate State bank supervisor (with respect to a State depository institution) under subparagraph (A) or (B), a Federal banking agency may, in the discretion of the agency, furnish any report of examination or other confidential supervisory information concerning any depository institution or other entity examined by such agency under authority of any Federal law, to— ‘‘(i) any other Federal or State agency or authority with supervisory or regulatory authority over the depository institution or other entity; ‘‘(ii) any officer, director, or receiver of such depository institution or entity; and ‘‘(iii) any other person that the Federal banking agency determines to be appropriate.’’. (b) NATIONAL CREDIT UNION ADMINISTRATION.—Section 202(a) of the Federal Credit Union Act (12 U.S.C. 1782(a)) is amended by adding at the end the following:
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