; or (ii) a depository institution designated pursuant to section 5 of the Ensuring Diversity in Community Banking Act of 2020 that is well capitalized (as defined in section 38(b) of the Federal Deposit Insurance Act ( 12 U.S.C. 1831o(b) )). (C) Eligible custodial entity The term eligible custodial entity means— (i) an insured depository institution (as defined in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813 )), (ii) an insured credit union (as defined in section 101 of the Federal Credit Union Act ( 12 U.S.C. 1752 )), or (iii) or a well capitalized State-chartered trust company, designated by the Secretary under subsection (k)(3)(A). (D) Federal bank secrecy laws The term Federal bank secrecy laws means— (i) section 21 of the Federal Deposit Insurance Act ( 12 U.S.C. 1829b ); (ii) section 123 of Public Law 91–508 ; and (iii) subchapter II of chapter 53 of title 31, United States Code. (E) Qualifying account The term qualifying account means any account established in the Department of the Treasury that— (i) is controlled by the Secretary