[Congressional Record Volume 166, Number 127 (Monday, July 20, 2020)]
[Senate]
[Page S4275]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 2443. Mr. THUNE submitted an amendment intended to be proposed to
amendment SA 2301 proposed by Mr. Inhofe to the bill S. 4049, to
authorize appropriations for fiscal year 2021 for military activities
of the Department of Defense, for military construction, and for
defense activities of the Department of Energy, to prescribe military
personnel strengths for such fiscal year, and for other purposes; which
was ordered to lie on the table; as follows:
At the end of subtitle D of title VI, insert the
following:
SEC. 633. USE OF FINANCIAL SERVICES PROVIDERS IN PROVISION OF
EDUCATION ON FINANCIAL SERVICES ON MILITARY
INSTALLATIONS LOCATED OUTSIDE THE UNITED
STATES.
(a) Use Authorized.--Under regulations prescribed by the
Secretary of Defense, in the provision of orientations or
briefings on financial services to members of the Armed
Forces who are newly assigned to a military installation
outside the United States (whether for purposes of financial
literacy training under section 992 of title 10, United
States Code, or any other purpose), the commander of such
installation may use such representatives of such financial
services providers as such regulations may authorize,
including by permitting such representatives access to such
members on such installation, to provide informational
materials, for such purposes.
(b) Registration With FinCEN.--A financial services
provider may not provide orientations or briefings pursuant
to subsection (a) unless such provider is registered with the
Financial Crimes Enforcement Network (FinCEN) of the
Department of the Treasury.
(c) Financial Services Defined.--In this section, the term
``financial services'' has the meaning given that term in
section 992(e) of title 10, United States Code, and includes
electronic banking, funds transfers, money orders, loan
services, and utility payments.
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