,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #dihf  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #bf1 #bjad ,mr4 
,luetkemey] introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,f9ancial  
,s]vices  ,a ,,bill  ,to am5d c]ta9     
bank+ /atutes 9 response to ,op]ation   
,*oke ,po9t4  #a4 ,%ort title ,?is ,act 
may be cit$ z ! ,end ,op]ation ,*oke    
,po9t ,act ( #bjad4  #b4 ,bus9ess access
 to insur$ depository in/itutions  7a7  
,9 g5]al ,! ,f$]al ,deposit ,insurance  
,act 7#ab ,u4,s4,c4 #ahaa et seq47 is   
am5d$ by add+ at ! end ! foll[+ new     
section3  #ea4 ,bus9ess access to insur$
 depository in/itutions  7a7 ,9 g5]al ,!
 ,f$]al bank+ ag5cies may n prohibit or 
o!rwise re/rict or disc\rage an insur$  
depository in/itution f provid+ any     
product or s]vice to an entity t        
demon/rates to ! insur$ depository      
in/itution t su* entity--  7#a7 is      
lic5s$ & au?oriz$ to (f] su* product or 
s]vice2  7#b7 is regi/]$ z a money      
transmitt+ bus9ess "u section #eccj (   

title #ca1 ,unit$ ,/ates ,code1 or      
regulations promulgat$ "u su* section2  
or  7#c7 has a reason$ legal op9ion t   
demon/rates ! legality ( ! entity's     
bus9ess "u applicable law4  7b7 ,rule ( 
,con/ruction ,no?+ 9 ?is section %all be
 con/ru$ to--  7#a7 require an insur$   
depository in/itution--  7,a7 to provide
 any product or s]vice to any p>ticul>  
entity2  7,b7 to regul>ly review ! /atus
 ( any lic5se ( an entity2 or  7,c7 to  
det]m9e ! validity or v]acity ( any     
reason$ legal op9ion obta9$ "u          
subsection 7a77#c72 or  7#b7 imply or   
require t an insur$ depository          
in/itution may only provide products or 
s]vices to an entity t has met any ( !  
requirem5ts ( p>agraphs 7#a7 ?r\gh 7#c7 
( subsection 7a74  7c7 ,limitation on   
rulemak+ ,! ,f$]al bank+ ag5cies may n  
issue any guidance "u subsection 7a74   
,any rule implem5t+ subsection 7a7 %all 
be promulgat$ 9 accordance ) section    
#eec ( title #e1 ,unit$ ,/ates ,code4   
7d7 ,reason$ legal op9ion def9$ ,=      

purposes ( ?is section1 ! t]m reason$   
legal op9ion--  7#a7 means a writt5     
legal op9ion by a ,/ate-lic5s$ attorney 
t addresses ! facts ( a p>ticul> bus9ess
 & ! legality ( ! bus9ess's provision ( 
products or s]vices to cu/om]s 9 !      
relevant jurisdictions "u applicable    
,f$]al & ,/ate law1 tribal ord9ances1   
tribal resolutions1 & tribal-,/ate      
compacts2 &  7#b7 does n include a      
writt5 legal op9ion t recites ! facts ( 
a p>ticul> bus9ess & /ates a conclusion4
  4  #c4 ,bus9ess access to ,f$]al cr$it
 unions  ,title ,i ( ! ,f$]al ,cr$it    
,union ,act 7#ab ,u4,s4,c4 #agea et     
seq47 is am5d$ by add+ at ! end ! foll[+
 new section3  #acb4 ,bus9ess access to 
insur$ cr$it unions  7a7 ,9 g5]al ,!    
,bo>d may n prohibit or o!rwise re/rict 
or disc\rage an insur$ cr$it union f    
provid+ any product or s]vice to an     
entity t demon/rates to ! insur$ cr$it  
union t su* entity--  7#a7 is lic5s$ &  
au?oriz$ to (f] su* product or s]vice2  
7#b7 is regi/]$ z a money transmitt+    

bus9ess "u section #eccj ( title #ca1   
,unit$ ,/ates ,code1 or regulations     
promulgat$ "u su* section2 &  7#c7 has a
 reason$ legal op9ion t demon/rates !   
legality ( ! entity's bus9ess "u        
applicable law4  7b7 ,rule ( con/ruction
 ,no?+ 9 ?is section %all be con/ru$    
to--  7#a7 require an insur$ cr$it      
union--  7,a7 to provide any products or
 s]vices to any entity2  7,b7 to        
regul>ly review ! /atus ( any lic5se (  
an entity2 or  7,c7 to det]m9e !        
validity or v]acity ( any reason$ legal 
op9ion obta9$ "u subsection 7a77#c72 or 
7#b7 imply or require t an insur$ cr$it 
union may only provide products or      
s]vices to an entity t has met any ( !  
requirem5ts ( p>agraphs 7#a7 ?r\gh 7#c7 
( subsection 7a74  7c7 ,limitation on   
rulemak+ ,! ,bo>d may n issue any       
guidance "u subsection 7a74 ,any rule   
implem5t+ subsection 7a7 %all be        
promulgat$ 9 accordance ) section #eec (
 title #e1 ,unit$ ,/ates ,code4  7d7    
,reason$ legal op9ion def9$ ,= purposes 

( ?is section1 ! t]m reason$ legal      
op9ion--  7#a7 means a writt5 legal     
op9ion by a ,/ate-lic5s$ attorney t     
addresses ! facts ( a p>ticul> bus9ess &
 ! legality ( ! bus9ess's provision (   
products or s]vices to cu/om]s 9 !      
relevant jurisdictions "u applicable    
,f$]al & ,/ate law1 tribal ord9ances1   
tribal resolutions1 & tribal-,/ate      
compacts2 &  7#b7 does n include a      
writt5 legal op9ion t recites ! facts ( 
a p>ticul> bus9ess & /ates a conclusion4
  4  #d4 ,am5dm5ts to ! ,f9ancial       
,in/itutions ,re=m1 ,recov]y1 &         
,en=cem5t ,act ( #aihi  ,section #iea ( 
! ,f9ancial ,in/itutions ,re=m1         
,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab 
,u4,s4,c4 #ahcc;a7 is am5d$--  7#a7 9   
subsection 7c77#b71 by ins]t+ & :]e su* 
violation or conspiracy to violate is 9 
connection ) a violation or conspiracy  
to violate a section describ$ "u        
p>agraph 7#a7 aft] f9ancial in/itution2 
&  7#b7 9 subsection 7g7--  7,a7 9 !    
head]1 by /rik+ subpo5as & ins]t+       

inve/igations2  7,b7 9 p>agraph 7#a71 by
 am5d+ subp>agraph 7,c7 to read z       
foll[s3  7,c7 reque/ a c\rt ord] f a    
c\rt ( compet5t jurisdiction1 to summon 
witnesses & to require ! production (   
any books1 pap]s1 correspond5ce1        
memor&a1 or o!r records :i* ! ,attorney 
,g5]al deems relevant or mat]ial to !   
inquiry1 & :i* %all be issu$ only if !  
,attorney ,g5]al (f]s specific &        
articulable facts %[+ t !re are         
reasonable gr\nds to believe t !        
in=mation or te/imony s\ght is relevant 
& mat]ial to an ongo+ civil proce$+ "u  
?is section4  2  7,c7 by am5d+ p>agraph 
7#b7 to read z foll[s3  7#b7 ,annual    
report to ,congress on ,,firrea c\rt    
ord]s ,! ,attorney ,g5]al %all submit a 
report be=e ,janu>y #ca ( ea* ye>1      
beg9n+ ! fir/ ,janu>y foll[+ ! date (   
enactm5t ( ?is ,act1 to ! ,committee on 
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives & ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate1 :i* %all include a detail$      

description (--  7,a7 ! numb] ( c\rt    
ord]s s\ght by ! ,attorney ,g5]al & !   
numb] ( ord]s issu$2  7,b7 ! recipi5t ( 
! c\rt ord]s2  7,c7 ! numb] ( docum5ts  
reque/$ & receiv$2  7,d7 ! numb] (      
witnesses reque/$ to te/ify & ! numb] :o
 actually te/ifi$2 &  7,e7 :e!r a civil 
en=cem5t action 0 fil$ & ! result ( any 
su* en=cem5t action1 includ+ settlem5ts 
t l$ to ! dismissal ( *>ges4  2 &  7,d7 
by /rik+ p>agraph 7#c74  #e4 ,requir+   
coop]ation to det] ! commission (       
f9ancial fraud  ,subsection 7a7 (       
section #cad ( ! ,,usa ,,patriot ,act   
7#ca ,u4,s4,c4 #ecaa note7 is am5d$--   
7#a7 9 p>agraph 7#a71 by ins]t+ 1 !     
commission ( f9ancial fraud1 aft]       
t]rori/ acts2  7#b7 9 p>agraph 7#b7--   
7,a7 9 subp>agraph 7,b71 by /rik+ 2 & & 
ins]t+ a semicolon2  7,b7 9 subp>agraph 
7,c71 by /rik+ ! p]iod at ! end & ins]t+
 2 &2 &  7,c7 by add+ at ! end ! foll[+ 
new subp>agraph3  7,d7 means (          
facilitat+ ! id5tification ( acc\nts &  
transactions involv+ p]sons engag$ 9    

committ+ f9ancial fraud1 subject to !   
limitations describ$ 9 p>agraph 7#e74  2
 &  7#c7 9 p>agraph 7#e71 by /rik+ %all 
n be us$ & all t foll[s ?r\gh ! p]iod at
 ! end & ins]t+ ! foll[+3  %all n-- 7,a7
 be us$ = any purpose o!r ?an id5tify+ &
 report+ on activities t may involve    
t]rori/ acts1 f9ancial fraud1 or money  
laund]+2 &  7,b7 be con/ru$ to require  
f9ancial in/itutions to det]m9e or      
assure compliance ( any entity ) any    
,f$]al1 ,/ate1 or o!r lic5s+            
requirem5ts4  4  #f4 ,liability =       
disclosures 9 report+ suspici\s         
transactions  ,p>agraph 7#c7 ( section  
#ecah7;g7 ( title #ca1 ,unit$ ,/ates    
,code1 is am5d$--  7#a7 9 subp>agraph   
7,a71 by ins]t+ 1 = any und]ly+ activity
 t is ! subject ( ! disclosure1 aft] =  
su* disclosure2 &  7#b7 9 subp>agraph   
7,b77ii71 by /rik+ civil or be=e        
crim9al4  #g4 ,f9ancial ,crimes         
,en=cem5t ,network ,data ,acc\ntability 
,metrics  ,section #caj ( title #ca1    
,unit$ ,/ates ,code1 is am5d$--  7#a7 9 

subsection 7b77#b77;,c7--  7,a7 9 clause
 7vi71 by /rik+ 2 & & ins]t+ a          
semicolon2  7,b7 9 clause 7vii71 by     
/rik+ ! p]iod at ! end & ins]t+ 2 &2 &  
7,c7 by add+ at ! end ! foll[+ new      
clause3  7viii7 g5]ate fe$back & report 
on ! utility ( ! data access s]vice     
describ$ 9 subp>agraph 7,b7 & !         
in=mation collect$ by ! s]vice to       
improve coop]ation among data provid]s &
 us]s :ile r$uc+ regulatory burd5 &     
pres]v+ paym5t sy/em effici5cy4  2  7#b7
 9 subsection 7c7--  7,a7 9 p>agraph    
7#a77;,c71 by /rik+ 2 & & ins]t+ a      
semicolon2  7,b7 9 p>agraph 7#b77;,c71  
by /rik+ ! p]iod at ! end & ins]t+ 2 &2 
&  7,c7 by add+ at ! end ! foll[+ new   
p>agraph3  7#c7 = appropriate metrics to
 monitor1 track1 assess1 & report on    
access to in=mation conta9$ 9 ! data    
ma9t5ance sy/em ma9ta9$ by ,fin,c,e,n   
=--  7,a7 id5tify+1 track+1 & measur+ h[
 su* in=mation is us$ & ! law en=cem5t  
results obta9$ z a consequ5ce ( t use2 &
  7,b7 assur+ acc\ntability by law      

en=cem5t ag5cies = ! utility1 security1 
& privacy ( su* in=mation :ile r$uc+    
unnecess>y regulatory burd5s4  4