106 STAT. 4086

PUBLIC LAW 102-550—OCT. 28, 1992

12 USC 1828.

transferred and so redesignated by section 1603(aX3) of this
title) the following new paragraph:

"(7) COMMUNITY ENTERPRISE CREDITS.—The Corporation
shall allow a credit against any semiannual assessment to
any insured depository institution which satisfies the require-
ments of the Community Enterprise Assessment Credit Board
under section 233(aXD of the Bank Enterprise Act of 1991
in the amount determined by such Board by regulation.".

(7) Effective on the effective date of the amendment made
by section 302(e)(4) of the Federal Deposit Insurance Corpora-
tion Improvement Act of 1991 (as so redesignated by paragraph
(5XA) of this subsection), section 233 of the Federal Deposit
Insurance Corporation Improvement Act of 1991 (12 U.S.C.
1834a) is amended—

(A) in subsection (aXIXA), by striking "7(d)(4)" and
inserting "7(bX7)w;

(B) in subsection (aX3), by striking "7(dX4)" and insert-
ing "7(bX7)"; and

(C) in subsection (eX2), by striking "made for purposes
of the notification required under section 7(dXlXB)" and
inserting "of the semiannual assessment to which such
credit is applicable".

(8) Section 24(eXlXB) of the Federal Deposit Insurance
Act (12 U.S.C. 1831a) (as added by section 303(a) of the Federal
Deposit Insurance Corporation Improvement Act of 1991) is
amended to read as follows:

"(B) meets applicable consumer disclosure require-
ments with respect to such insurance.".

(9) The subsection of section 18 of the Federal Deposit
Insurance Act which was added by section 305(a) of the Federal
Deposit Insurance Corporation Improvement Act of 1991 and
designated as subsection (o) (relating to periodic review of cap-
ital standards) is hereby redesignated as subsection (p).

(10) Section 22(h)(6XBXi) of the Federal Reserve Act (12
U.S.C. 375b) (as amended by section 306(a) of the Federal
Deposit Insurance Corporation Improvement Act of 1991) is
amended by striking "and" after the semicolon and inserting
"or".

(11) Section 8(t) of the Federal Deposit Insurance Act (12
U.S.C. 1818(t)) (as added by section 307 of the Federal Deposit
Insurance Corporation Improvement Act of 1991) is amended—

(A) in paragraph (2)(B), by inserting "or institution-
affiliated party" after "institution" each place such term
appears;

(B) in paragraph (2XC), by striking "institution's" the
1st place such term appears; and

(C) in paragraph (5), by inserting "or institution-affili-
ated party" after "depository institution".

(b) AMENDMENTS RELATING TO SUBTITLE B.—

(1) Section 7(b)(6) of the Federal Deposit Insurance Act
(12 U.S.C. 1817(bX6)) is amended—

(A) by striking subparagraph (D), as added by section
311(aX2XC) of the Federal Deposit Insurance Corporation
Improvement Act of 1991; and

(B) by inserting after subparagraph (C) the following
hew subparagraph: