,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bbjh  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,april #c1 #bjad ,mr4  
,kirk 7= himself & ,ms4 ,klobu*>7       
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to all[ ! ,secret>y ( !        
,treasury to rely on ,/ate exam9ations =
 c]ta9 f9ancial in/itutions1 & = o!r    
purposes4  #a4  ,%ort title  ,?is ,act  
may be cit$ z ! ,money ,remittances     
,improvem5t ,act ( #bjad4  #b4          
,compliance au?ority = c]ta9 report+    
requirem5ts  7a7  ,compliance ) report+ 
requirem5ts on monet>y in/rum5t         
transactions  ,section #ecah7;a7 ( title
 #ca1 ,unit$ ,/ates ,code1 is am5d$--   
7#a7 9 p>agraph 7#e71 by /rik+ & at !   
end2  7#b7 by r$esignat+ p>agraph 7#f7 z
 p>agraph 7#g72 &  7#c7 by ins]t+ aft]  
p>agraph 7#e7 ! foll[+3  7#f7 rely on   
exam9ations conduct$ by a ,/ate         
sup]visory ag5cy ( a category ( f9ancial
 in/itution1 if ! ,secret>y det]m9es t--

  7,a7 ! category ( f9ancial in/itution 
is requir$ to comply ) ?is sub*apt] &   
regulations prescrib$ "u ?is sub*apt]2  
or  7,b7 ! ,/ate sup]visory ag5cy       
exam9es ! category ( f9ancial in/itution
 = compliance ) ?is sub*apt] &          
regulations prescrib$ "u ?is sub*apt]2 &
  4  7b7  ,compliance ) report+         
requirem5ts ( o!r f9ancial in/itutions  
,section #abh ( ,public ,law #ia-ejh    
7#ab ,u4,s4,c4 #aieh7 is am5d$--  7#a7  
by /rik+ ?is title & ins]t+ ?is *apt] & 
section #ba ( ! ,f$]al ,deposit         
,insurance ,act 7#ab ,u4,s4,c4 #ahbi;b72
 &  7#b7 by ins]t+ at ! end ! foll[+3 ,!
 ,secret>y may rely on exam9ations      
conduct$ by a ,/ate sup]visory ag5cy ( a
 category ( f9ancial in/itution1 if !   
,secret>y det]m9es t ! category (       
f9ancial in/itution is requir$ to comply
 ) ?is *apt] & section #ba ( ! ,f$]al   
,deposit ,insurance ,act 7& regulations 
prescrib$ "u ?is *apt] & section #ba ( !
 ,f$]al ,deposit ,insurance ,act71 or ! 
,/ate sup]visory ag5cy exam9es !        

category ( f9ancial in/itution =        
compliance ) ?is *apt] & section #ba ( !
 ,f$]al ,deposit ,insurance ,act 7&     
regulations prescrib$ "u ?is *apt] &    
section #ba ( ! ,f$]al ,deposit         
,insurance ,act744  7c7  ,consultation )
 ,/ate ag5cies  ,9 issu+ rules to c>ry  
out section #ecah7;a77#f7 ( title #ca1  
,unit$ ,/ates ,code1 & section #abh (   
,public ,law #ia-ejh 7#ab ,u4,s4,c4     
#aieh71 ! ,secret>y ( ! ,treasury %all  
consult ) ,/ate sup]visory ag5cies4