[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5807 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 5807

To amend the Bank Service Company Act to permit the appropriate Federal 
 banking agencies to coordinate examinations of bank service companies 
          with State banking agencies, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 14, 2016

  Mr. Duffy (for himself, Mr. Williams, and Mr. Meeks) introduced the 
   following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
To amend the Bank Service Company Act to permit the appropriate Federal 
 banking agencies to coordinate examinations of bank service companies 
          with State banking agencies, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Bank Service Company Examination 
Coordination Act of 2016''.

SEC. 2. EXAMINATION BY STATE BANKING AGENCIES.

    The Bank Service Company Act (12 U.S.C. 1861 et seq.) is amended--
            (1) in section 1(b)--
                    (A) in paragraph (8), by striking ``and'' at the 
                end;
                    (B) in paragraph (9), by striking the period and 
                inserting ``; and''; and
                    (C) by adding at the end the following:
            ``(10) the term `State banking agency' has the meaning 
        given the term `State bank supervisor' under section 3 of the 
        Federal Deposit Insurance Act.''; and
            (2) in section 7--
                    (A) in subsection (a), by inserting after ``other 
                Federal banking agency'' the following: ``or a State 
                banking agency''; and
                    (B) in subsection (c), by inserting after ``Federal 
                banking agency'' the following: ``or a State banking 
                agency''.
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