[Congressional Record Volume 164, Number 43 (Monday, March 12, 2018)]
[Senate]
[Page S1640]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2205. Ms. HARRIS submitted an amendment intended to be proposed by 
her 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.

       (a) In General.--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.''.
       (b) Report.--The Comptroller General of the United States 
     shall submit to Congress a report on how many enforcement 
     actions could have been initiated after the financial crisis 
     if State attorneys general had visitorial powers.

     SEC. ___. REQUIREMENT OF BANKS THAT RECEIVE TAXPAYER-FUNDED 
                   BAILOUTS TO DISCHARGE STUDENT LOAN DEBT.

       Notwithstanding any other provision of law, any bank that 
     receives a taxpayer-funded bailout similar to the relief 
     provided under the Troubled Asset Relief Program established 
     under title I of the Emergency Economic Stabilization Act of 
     2008 (12 U.S.C. 5211 et seq.) shall discharge any student 
     loan debt held by the bank.
                                 ______