Financial Services Competitive Equity Act

[AI summary unavailable — showing source text] Financial Services Competitive Equity Act - Title I: Financial Institutions Competitive Equity - Amends the Banking Act of 1933 to allow a member bank to be affiliated with a depository institution securities affiliate. Allows an officer, director, or employee of a member bank to serve at the same time as an officer, director, or employee of any of its depository institution securities affiliates. Amends the Securities Act of 1933 to exempt from the registration requirements of such Act the issuance of a holding company's shares in connection with a reorganization in which the holding company becomes the parent of a bank or thrift institution. Amends the definition of "appropriate regulatory agency" to make the Securities and Exchange Commission the appropriate regulatory agency for enforcing a depository institution securities affiliate's compliance with regulations governing transactions in municipal securities. Amends the Bank Holding Company Act of 1956 to redefine the term "bank" to mean: (1) a bank insured under the Federal Deposit Insurance Act; (2) any institution that both accepts deposits that are withdrawable by a check or similar means and engages in the business of mak…