; and (B) may only approve that application by a 2/3 vote of the members of the Board of Directors of the Corporation. (2) Deadline for approving application If the Corporation does not approve an application described in paragraph (1) before September 30, 2024, that application shall be deemed to have been denied. (3) Rule of construction Except to the extent explicitly provided in this subsection, this subsection may not be construed to affect the authority of the Corporation to consider deposit insurance applications under sections 5 and 6 of the Federal Deposit Insurance Act ( 12 U.S.C. 1815 , 1816). (d) Authority with respect to deposit insurance applications granted after September 23, 2021 (1) Definitions In this subsection: (A) Bank; depository institution The terms bank and depository institution have the meanings given those terms in section 2 of the Bank Holding Company Act of 1956 ( 12 U.S.C. 1841 ), as amended by this section. (B) Covered industrial loan company The term covered industrial loan company means an industrial bank that has an application to receive deposit insurance from the Corporation approved after September 23, 2021. (C) Parent company The term parent company means an entity that has control over a covered industrial loan company. (D) Primary financial regulatory agency With respect to a parent company, the term primary financial regulatory agency — (i) has the meaning given the term in section 2 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5301 )