[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 2272 Introduced in Senate (IS)]

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115th CONGRESS
  1st Session
                                S. 2272

  To amend the Revised Statutes to grant State attorneys general the 
ability to issue subpoenas to investigate suspected violations of State 
              laws that are applicable to national banks.


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                   IN THE SENATE OF THE UNITED STATES

                           December 21, 2017

     Ms. Harris (for herself, Ms. Warren, Mr. Blumenthal, and Mrs. 
  Feinstein) introduced the following bill; which was read twice and 
               referred to the Committee on the Judiciary

_______________________________________________________________________

                                 A BILL


 
  To amend the Revised Statutes to grant State attorneys general the 
ability to issue subpoenas to investigate suspected violations of State 
              laws that are applicable to national banks.

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

SECTION 1. VISITORIAL POWERS.

    The sixth undesignated paragraph of section 5240 of the Revised 
Statutes (12 U.S.C. 484) is amended by striking subparagraph (B) and 
inserting the following:
            ``(B) Notwithstanding subparagraph (A)--
                    ``(i) lawfully authorized State auditors and 
                examiners may, at reasonable times and upon reasonable 
                notice to a bank, review its records solely to ensure 
                compliance with applicable State unclaimed property or 
                escheat laws upon reasonable cause to believe that the 
                bank has failed to comply with such laws; and
                    ``(ii) an attorney general (or other chief law 
                enforcement officer) of a State may issue subpoenas or 
                administer oversight and examination to national banks 
                or officers of national banks based upon reasonable 
                cause to believe that the national bank or an officer 
                of a national bank has failed to comply with applicable 
                State laws.''.
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