124 STAT. 2095 PUBLIC LAW 111–203—JULY 21, 2010 ‘‘(f) DEFINITIONS OF BANKS, SAVINGS AND LOAN INSTITUTIONS, AND FEDERAL CREDIT UNIONS.—’’. (2) by striking paragraph (1) and inserting the following: ‘‘(1) [Repealed.]’’; (3) by striking paragraphs (5) through (7); (4) in paragraph (2)— (A) by striking ‘‘(2) ENFORCEMENT’’ and all that follows through ‘‘in the case of’’ and inserting the following: ‘‘(2) DEFINITION.—For purposes of this Act, the term ‘bank’ means’’; (B) in subparagraph (A), by striking ‘‘, by the division’’ and all that follows through ‘‘Currency’’; (C) in subparagraph (B)— (i) by striking ‘‘, by the division’’ and all that follows through ‘‘System’’; and (ii) by striking ‘‘25(a)’’ and inserting ‘‘25A’’; and (D) in subparagraph (C)— (i) by striking ‘‘(other’’ and inserting ‘‘(other than’’; and (ii) by striking ‘‘, by the division’’ and all that follows through ‘‘Corporation’’; (5) in paragraph (3), by striking ‘‘Compliance’’ and all that follows through ‘‘as defined in’’ and inserting the following: ‘‘For purposes of this Act, the term ‘‘savings and loan institu- tion’’ has the same meaning as in’’; and (6) in paragraph (4), by striking ‘‘Compliance’’ and all that follows through ‘‘credit unions under’’ and inserting the fol- lowing: ‘‘For purposes of this Act, the term ‘‘Federal credit union’’ has the same meaning as in’’. SEC. 1093. AMENDMENTS TO THE GRAMM-LEACH-BLILEY ACT. Title V of the Gramm-Leach-Bliley Act (15 U.S.C. 6801 et seq.) is amended— (1) in section 501(b) (15 U.S.C. 6801(b)), by inserting ‘‘, other than the Bureau of Consumer Financial Protection,’’ after ‘‘505(a)’’; (2) in section 502(e)(5) (15 U.S.C. 6802(e)(5)), by inserting ‘‘the Bureau of Consumer Financial Protection’’ after ‘‘(including’’; (3) in section 504(a) (15 U.S.C. 6804(a))— (A) by striking paragraphs (1) and (2) and inserting the following: ‘‘(1) RULEMAKING.— ‘‘(A) IN GENERAL.—Except as provided in subparagraph (C), the Bureau of Consumer Financial Protection and the Securities and Exchange Commission shall have authority to prescribe such regulations as may be necessary to carry out the purposes of this subtitle with respect to financial institutions and other persons subject to their respective jurisdiction under section 505 (and notwithstanding sub- title B of the Consumer Financial Protection Act of 2010), except that the Bureau of Consumer Financial Protection shall not have authority to prescribe regulations with respect to the standards under section 501. ‘‘(B) CFTC.—The Commodity Futures Trading Commission shall have authority to prescribe such regula- tions as may be necessary to carry out the purposes of
