; (D) a holding company regulated by the Securities and Exchange Commission pursuant to section 240.15c3–1(a)(7) of title 17, Code of Federal Regulations, as in effect on August 1, 2019; or (E) controlled by a company described in subparagraph (A), (B), (C), or (D). (t) Capital terms relating to covered industrial bank holding companies (1) Adequately capitalized With respect to a covered industrial bank holding company, the term adequately capitalized means a level of capitalization which meets or exceeds all applicable Federal regulatory capital standards. (2) Well capitalized With respect to a covered industrial bank holding company, the term well capitalized means a level of capitalization which meets or exceeds the required capital levels for well capitalized covered industrial bank holding companies established by the Board. . (b) Covered industrial bank holding company registration and ownership The Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) is amended by adding at the end the following: 15. Industrial bank holding company regulation (a) Acquisition of industrial bank shares or assets Section 3 of this Act (other than section 3(c)(3)(B)) shall apply to any covered industrial bank holding company in the same manner as that section applies to a company that is or would become a bank holding company, except that for purposes of applying this subsection— (1) any reference to a bank holding company in such section 3 shall be deemed to be a reference to a covered industrial bank holding company ; (2) any reference to a bank in such section 3 shall be deemed to be a reference to an industrial bank ; (3) any reference to the Bank Holding Company Act Amendments of 1970 in such section 3 shall be deemed to be a reference to the Industrial Bank Holding Company Act of 2019