Final answer:
Section 7 of the Insurance Holding Company System Regulatory Act (Model 440) includes statements referring to bank holding companies and their supervisory role by the Federal Reserve.
Step-by-step explanation:
Section 7 of the Insurance Holding Company System Regulatory Act (Model 440), which was added as part of the 2010 amendments, includes statements referring to bank holding companies. These are conglomerate firms that own banks and other businesses. While other regulators like the Office of the Comptroller of the Currency supervise the banks, the Federal Reserve supervises the holding companies. The purpose of this section is to establish regulatory oversight of these entities to ensure the stability of the financial system.