; and (B) by inserting before the period at the end the following: and shall include in such meetings, State insurance commissioners, or at the option of the State insurance commissioners, designees acting at the direction of the State insurance commissioners, throughout the negotiations of a covered agreement . (7) Retention of existing State regulatory authority In subsection (k), by inserting before the period at the end the following: or with the authority to participate in a supervisory college or similar regulatory process . (8) Repeal of certain reports requirements By striking subsections (o) and (p) and redesignating subsections (q) through (s) as subsections (o) through (q), respectively. (9) Definition In subsection (p)(2), as so redesignated by paragraph (8)— (A) in subparagraph (A), by striking and at the end; (B) in subparagraph (B), by striking the period at the end and inserting ; and ; and (C) by adding at the end the following new subparagraph: (C) does not include new prudential requirements for United States insurers. . (10) Use of existing resources In subsection (o), as so redesignated by paragraph (8) of this section— (A) by inserting not more than 5 after shall dedicate ; and (B) by inserting , excluding the Director, after specific personnel . (b) Conforming amendment Subparagraph (C) of section 313(c)(1) of title 31, United States Code, as so redesignated by subsection (a)(2)(A)(vi) of this section, is amended by striking subsection (r) and inserting subsection (p) .