,,ib ,union ,cal5d> ,no4 #cje #aad? ,,congress #b;d ,session ,h4 ,r4 #gff ,report ,no4 #aad-djb ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,febru>y #e1 #bjae ,mr4 ,luetkemey] 7= himself1 ,mr4 ,ha/+s1 & ,mr4 ,/iv]s7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,janu>y #bh1 #bjaf ,additional sponsors3 ,mr4 ,mulvaney1 ,mr4 ,crd5as1 ,mr4 ,murphy ( ,florida1 ,mr4 ,gos>1 ,mrs4 ,blackburn1 ,mr4 ,latta1 ,mr4 ,ross1 ,mr4 ,/utzman1 ,mr4 ,sessions1 ,mr4 ,f>5?old1 ,mr4 ,upton1 ,mr4 ,curbelo ( ,florida1 ,mr4 ,f9*]1 ,mr4 ,neugebau]1 ,mr4 ,emm] ( ,m9nesota1 ,mr4 ,tipton1 ,mr4 ,posey1 ,mr4 ,williams1 ,mr4 ,b>r1 ,mr4 ,ro?fus1 ,mr4 ,hultgr51 ,mr4 ,pe>ce1 ,ms4 ,j5k9s ( ,kansas1 ,mr4 ,jolly1 ,mr4 ,des,jarlais1 ,mr4 ,graves ( ,miss\ri1 ,mr4 ,rodney ,davis ( ,ill9ois1 & ,mr4 ,mess] ,janu>y #bh1 #bjaf ,committ$ to ! ,committee ( ! ,:ole ,h\se on ! ,/ate ( ! ,union & ord]$ to be pr9t$ ,a ,,bill ,to provide requirem5ts = ! appropriate ,f$]al bank+ ag5cies :5 reque/+ or ord]+ a depository in/itution to t]m9ate a specific cu/om] acc\nt1 to provide = additional requirem5ts relat$ to subpo5as issu$ "u ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,f9ancial ,in/itution ,cu/om] ,protection ,act ( #bjae4 #b4 ,requirem5ts = deposit acc\nt t]m9ation reque/s & ord]s 7a7 ,t]m9ation reque/s or ord]s mu/ be mat]ial 7#a7 ,9 g5]al ,an appropriate ,f$]al bank+ ag5cy may n =mally or in=mally reque/ or ord] a depository in/itution to t]m9ate a specific cu/om] acc\nt or gr\p ( cu/om] acc\nts or to o!rwise re/rict or disc\rage a depository in/itution f ent]+ into or ma9ta9+ a bank+ relation%ip ) a specific cu/om] or gr\p ( cu/om]s unless-- 7,a7 ! ag5cy has a mat]ial reason = su* reque/ or ord]2 & 7,b7 su* reason is n bas$ solely on reputation risk4 7#b7 ,treatm5t ( national security ?reats ,if an appropriate ,f$]al bank+ ag5cy believes a specific cu/om] or gr\p ( cu/om]s poses a ?reat to national security1 includ+ any belief t su* cu/om] or gr\p ( cu/om]s is involv$ 9 t]rori/ f9anc+1 su* belief %all satisfy ! mat]iality requirem5t "u p>agraph 7#a77;,a74 7b7 ,notice requirem5t 7#a7 ,9 g5]al ,if an appropriate ,f$]al bank+ ag5cy =mally or in=mally reque/s or ord]s a depository in/itution to t]m9ate a specific cu/om] acc\nt or a gr\p ( cu/om] acc\nts1 ! ag5cy %all-- 7,a7 provide su* reque/ or ord] to ! in/itution 9 writ+2 & 7,b7 accompany su* reque/ or ord] ) a writt5 ju/ification = :y su* t]m9ation is ne$$1 includ+ any specific laws or regulations ! ag5cy believes are be+ violat$ by ! cu/om] or gr\p ( cu/om]s1 if any4 7#b7 ,ju/ification requirem5t ,a ju/ification describ$ "u p>agraph 7#a77;,b7 may n be bas$ solely on ! reputation risk to ! depository in/itution4 7c7 ,cu/om] notice 7#a7 ,notice n requir$ ,no?+ 9 ?is section %all be con/ru$ z requir+ a depository in/itution or an appropriate ,f$]al bank+ ag5cy to in=m a cu/om] or cu/om]s ( ! ju/ification = ! cu/om]'s acc\nt t]m9ation describ$ "u subsection 7b74 7#b7 ,notice prohibit$ 9 cases ( national security ,if an appropriate ,f$]al bank+ ag5cy reque/s or ord]s a depository in/itution to t]m9ate a specific cu/om] acc\nt or a gr\p ( cu/om] acc\nts bas$ on a belief t ! cu/om] or cu/om]s pose a ?reat to national security1 nei!r ! depository in/itution nor ! appropriate ,f$]al bank+ ag5cy may in=m ! cu/om] or cu/om]s ( ! ju/ification = ! cu/om]'s acc\nt t]m9ation4 7d7 ,report+ requirem5t ,ea* appropriate ,f$]al bank+ ag5cy %all issue an annual report to ! ,congress /at+-- 7#a7 ! aggregate numb] ( specific cu/om] acc\nts t ! ag5cy reque/$ or ord]$ a depository in/itution to t]m9ate dur+ ! previ\s ye>2 & 7#b7 ! legal au?ority on :i* ! ag5cy reli$ 9 mak+ su* reque/s & ord]s & ! frequ5cy on :i* ! ag5cy reli$ on ea* su* au?ority4 7e7 ,def9itions ,= purposes ( ?is section3 7#a7 ,appropriate ,f$]al bank+ ag5cy ,! t]m appropriate ,f$]al bank+ ag5cy means-- 7,a7 ! appropriate ,f$]al bank+ ag5cy1 z def9$ "u section #c ( ! ,f$]al ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahac72 & 7,b7 ! ,national ,cr$it ,union ,adm9i/ration1 9 ! case ( an insur$ cr$it union4 7#b7 ,depository in/itution ,! t]m depository in/itution means-- 7,a7 a depository in/itution1 z def9$ "u section #c ( ! ,f$]al ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahac72 & 7,b7 an insur$ cr$it union4 #c4 ,am5dm5ts to ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi ,section #iea ( ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4 #ahcc;a7 is am5d$-- 7#a7 9 subsection 7c77#b71 by /rik+ affect+ a f$]ally insur$ f9ancial in/itution & ins]t+ aga9/ a f$]ally insur$ f9ancial in/itution or by a f$]ally insur$ f9ancial in/itution aga9/ an unaffiliat$ ?ird p]son2 & 7#b7 9 subsection 7g7-- 7,a7 9 ! head]1 by /rik+ subpo5as & ins]t+ inve/igations2 & 7,b7 by am5d+ p>agraph 7#a77;,c7 to read z foll[s3 7,c7 summon witnesses & require ! production ( any books1 pap]s1 correspond5ce1 memor&a1 or o!r records :i* ! ,attorney ,g5]al deems relevant or mat]ial to ! inquiry1 if ! ,attorney ,g5]al-- 7i7 reque/s a c\rt ord] f a c\rt ( compet5t jurisdiction = su* actions & (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 = conduct+ an inve/igation "u ?is section2 or 7ii7 ei!r p]sonally or ?r\gh delegation no l[] ?an ! ,deputy ,attorney ,g5]al1 issues & signs a subpo5a = su* actions & su* subpo5a is support$ by specific & articulable facts %[+ t !re are reasonable gr\nds to believe t ! in=mation or te/imony s\ght is relevant = conduct+ an inve/igation "u ?is section4 4 ,janu>y #bh1 #bjaf ,committ$ to ! ,committee ( ! ,:ole ,h\se on ! ,/ate ( ! ,union & ord]$ to be pr9t$