[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3643 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 3643

  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, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                              July 9, 2019

  Ms. Porter introduced the following bill; which was referred to the 
                    Committee on Financial Services

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                                 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, 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 ``Accountability for Wall Street 
Executives Act''.

SEC. 2. VISITORIAL POWERS.

    The fifth undesignated paragraph of section 5240 of the Revised 
Statutes of the United States (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 the bank's 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;
                    ``(ii) an attorney general (or other chief law 
                enforcement officer) of a State may issue subpoenas 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; and
                    ``(iii) an attorney general (or other chief law 
                enforcement officer) of a State may require a national 
                bank to provide aggregate data on loans and other 
                financial products and services provided by the 
                national bank in such State.''.
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