Page:United States Statutes at Large Volume 113 Part 2.djvu/451

This page needs to be proofread.

PUBLIC LAW 106-102—NOV. 12, 1999 113 STAT. 1471 (c) DEFINITION.— For purposes of this section, the term "S corporation" has the meaning given the term in section 1361(a)(1) of the Internal Revenue Code of 1986. SEC. 722. "PLAIN LANGUAGE" REQUIREMENT FOR FEDERAL BANKING AGENCY RULES. (a) IN GENERAL.— Each Federal banking agency shall use plain language in all proposed and final rulemakings published by the agency in the Federal Register after January 1, 2000. (b) REPORT.— Not later than March 1, 2001, each Federal banking agency shall submit to the Congress a report that describes how the agency has complied with subsection (a). (c) DEFINITION. —For purposes of this section, the term "Federal banking agency" has the meaning given that term in section 3 of the Federal Deposit Insurance Act. SEC. 723. RETENTION OF "FEDERAL" IN NAME OF CONVERTED FED- ERAL SAVINGS ASSOCIATION. Section 2 of the Act entitled "An Act to enable national banking associations to increase their capital stock and to change their names or locations", approved May 1, 1886 (12 U.S.C. 30), is amended by adding at the end the following new subsection: "(d) RETENTION OF 'FEDERAL' IN NAME OF CONVERTED FEDERAL SAVINGS ASSOCIATION.— "(1) IN GENERAL. — Notwithstanding subsection (a) or any other provision of law, any depository institution, the charter of which is converted from that of a Federal savings association to a national bank or a State bank after the date of the enactment of the Gramm-Leach-Bliley Act may retain the term 'Federal' in the name of such institution if such institution remains an insured depository institution. "(2) DEFINITIONS.—For purposes of this subsection, the terms 'depository institution', 'insured depository institution', 'national bank', and 'State bank' have the meanings given those terms in section 3 of the Federal Deposit Insurance Act.". SEC. 724. CONTROL OF BANKERS' BANKS. Section 2(a)(5)(E)(i) of the Bank Holding Company Act of 1956 (12 U.S.C. 1841(a)(5)(E)(i)) is amended by inserting "1 or more" before "thrift institutions". 12 USC 4809. Deadline. SEC. 725. PROVISION OF TECHNICAL ASSISTANCE TO MICROENTER- PRISES. Title I of the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. 4701 et seq.) is amended by adding at the end the following new subtitle:

    • Subtitle C—Microenterprise Technical

Assistance and Capacity Building Program "SEC. 171. SHORT TITLE. "This subtitle may be cited as the 'Program for Investment in Microentrepreneurs Act of 1999', also referred to as the 'PRIME Act'. Program for Investment in Microentrepreneurs Act of 1999. 15 USC 6901 note.