; (B) the agency may not require the submission of such a resolution plan more often than every 2 years; and (C) paragraphs (6) and (7) of such section 165(d) shall apply to such a resolution plan. (2) Definitions For purposes of this subsection, the terms appropriate Federal banking agency and banking organization have the meaning given those terms, respectively, under section 105. (d) Actions to create a bank holding company Section 3(b)(1) of the Bank Holding Company Act of 1956 ( 12 U.S.C. 1842(b)(1) ) is amended— (1) by striking Upon receiving and inserting the following: (A) In general Upon receiving ; (2) by striking Notwithstanding any other provision and inserting the following: (B) Immediate action (i) In general Notwithstanding any other provision ; and (3) by adding at the end the following: (ii) Exception The Board may not take any action pursuant to clause (i) on an application that would cause any company to become a bank holding company unless such application involves the company acquiring a bank that is critically undercapitalized (as such term is defined under section 38(b) of the Federal Deposit Insurance Act). . (e) Concentration limits applied only to banking organizations Section 14 of the Bank Holding Company Act of 1956 ( 12 U.S.C. 1852 ) is amended— (1) by striking financial company each place such term appears and inserting banking organization ; (2) in subsection (a)— (A) by amending paragraph (2) to read as follows: (2) the term banking organization means— (A) an insured depository institution; (B) a bank holding company; (C) a savings and loan holding company; (D) a company that controls an insured depository institution; and (E) a foreign bank or company that is treated as a bank holding company for purposes of this Act; and ; (B) in paragraph (3)— (i) in subparagraph (A)(ii), by adding and at the end; (ii) in subparagraph (B)(ii), by striking ; and and inserting a period; and (iii) by striking subparagraph (C)