; (ii) results from the acquisition of voting shares of an issuer that controls the industrial bank and the securities of which are listed on a national securities exchange, if, after the acquisition, the acquiring shareholder (or group of shareholders acting in concert) holds less than 25 percent of any class of the voting shares of, and does not otherwise exercise control over, that issuer; or (iii) will be controlled, directly or indirectly, by an entity subject to consolidated supervision by the Board of Governors of the Federal Reserve System as a— (I) bank holding company; (II) savings and loan holding company; or (III) foreign bank that is treated, as of July 1, 2020, as a bank holding company under the International Banking Act of 1978 ( 12 U.S.C. 3101 et seq. ); and (B) that has obtained all regulatory approvals otherwise required with respect to the change in control under any applicable Federal or State law, including section 7(j) of the Federal Deposit Insurance Act ( 12 U.S.C. 1817(j) ). 3. Supervision of parent companies of industrial loan companies The Bank Holding Company Act of 1956 ( 12 U.S.C. 1841 et seq. ) is amended by inserting after section 5 ( 12 U.S.C. 1844 ) the following: 6. Supervision of parent companies of industrial loan companies (a) Definitions In this section: (1) Corporation The term Corporation means the Federal Deposit Insurance Corporation. (2) Parent company of an industrial loan company The term parent company of an industrial loan company means a company— (A) that is not directly or indirectly subject to a primary financial regulatory agency (as defined in section 2 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5301 )); and (B) that has control over an entity that— (i) is an industrial loan company, industrial bank, or other similar institution; (ii) is not a bank