[Congressional Record Volume 161, Number 125 (Tuesday, August 4, 2015)]
[Senate]
[Page S6321]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 2606. Ms. WARREN submitted an amendment intended to be proposed by
her to the bill S. 754, to improve cybersecurity in the United States
through enhanced sharing of information about cybersecurity threats,
and for other purposes; which was ordered to lie on the table; as
follows:
At the appropriate place, insert the following:
SEC. ___. IMPROVING EXPERTISE OF BANKING REGULATORS.
(a) Definitions.--In this section--
(1) the term ``appropriate Federal banking agency'' has the
meaning given that term in section 3 of the Federal Deposit
Insurance Act (12 U.S.C. 1813);
(2) the term ``banking regulators'' means--
(A) the appropriate Federal banking agencies; and
(B) the National Credit Union Administration; and
(3) the term ``covered entity'' means any entity that--
(A) is subject to examination by a banking regulator;
(B) has more than $10,000,000,000 in assets.
(b) Participation in Examination of Covered Entities by
Specialists.--Each banking regulator shall ensure that an
information security specialist participates in an
examination by the banking regulator of a covered entity not
less frequently than once every 3 years.
(c) Rule of Construction.--Nothing in this section shall be
construed to alter the frequency of examinations conducted by
a banking regulator.
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