[Congressional Record Volume 164, Number 40 (Wednesday, March 7, 2018)]
[Senate]
[Page S1469]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2089. Mr. NELSON (for himself, Ms. Harris, Ms. Warren, Mr. 
Blumenthal, Mr. Merkley, and Mrs. Feinstein) submitted an amendment 
intended to be proposed by him to the bill S. 2155, to promote economic 
growth, provide tailored regulatory relief, and enhance consumer 
protections, and for other purposes; which was ordered to lie on the 
table; as follows:

       At the appropriate place, insert the following:

     SEC. ___. 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;
       ``(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; and
       ``(iii) national banks shall submit to an attorney general 
     (or other chief law enforcement officer) of a State aggregate 
     loan data, types of products, any other information that the 
     national bank determines is appropriate for each State.''.
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