; and (2) solicit feedback from the Council on the identification process and on the application of such process to specific bank holding companies. . (f) Conforming Amendment The second subsection (s) (relating to Assessments, Fees, and Other Charges for Certain Companies ) of section 11 of the Federal Reserve Act ( 12 U.S.C. 248 ) is amended— (1) by redesignating such subsection as subsection (t); and (2) in paragraph (2)(A), by striking having total consolidated assets of $50,000,000,000 or more and inserting which have been identified as global systemically important bank holding companies pursuant to section 217.402 of title 12, Code of Federal Regulations, or subjected to a determination under subsection (l) of section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act . 4. Rule of construction Nothing in this Act or the amendments made by this Act shall be construed to prohibit the Board of Governors of the Federal Reserve System from prescribing enhanced prudential standards for any bank holding company which the Board of Governors determines, based upon the bank holding company’s size, interconnectedness, substitutability, global cross-jurisdictional activity, and complexity, could pose a safety and soundness risk to the stability of the United States banking or financial system but has not been designated as a global systemically important bank holding company. 5. Effective date The amendments made by this Act shall take effect after the end of the 1-year period following the date of the enactment of this Act.