,,ii  #aad? ,,congress  #a/ ,session    
,s4 #bcaf  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,novemb] #ai1 #bjae    
,mr4 ,blum5?al 7= himself1 ,mr4 ,moran1 
& ,mr4 ,br[n7 introduc$ ! foll[+ bill2  
:i* 0 read twice & ref]r$ to !          
,committee on ,vet]ans' ,affairs  ,a    
,,bill  ,to am5d title #ch1 ,unit$      
,/ates ,code1 to exp& ! requirem5ts =   
reissuance ( vet]ans b5efits 9 cases (  
misuse ( b5efits by c]ta9 fiduci>ies to 
include misuse by all fiduci>ies1 to    
improve ov]sight ( fiduci>ies1 & = o!r  
purposes4  #a4 ,expansion ( requirem5ts 
= reissuance ( vet]ans b5efits 9 cases (
 misuse ( b5efits by c]ta9 fiduci>ies to
 include misuse by all fiduci>ies       
,section #fajg ( title #ch1 ,unit$      
,/ates ,code1 is am5d$-- 7#a7 by /rik+  
subsections 7a7 & 7b7 & ins]t+ ! foll[+ 
new subsection 7a73  7a7 ,reissuance (  
misus$ b5efits  7#a7 ,9 any case 9 :i* a
 fiduci>y misuses all or "p ( an        
individual's b5efit paid to su*         
fiduci>y1 ! ,secret>y %all pay to !     

b5efici>y or ! b5efici>y's successor    
fiduci>y an am\nt equal to ! am\nt ( su*
 b5efit s misus$4  7#b7 ,9 any case 9   
:i* ! ,secret>y obta9s rec\pm5t f a     
fiduci>y :o has misus$ b5efits1 !       
,secret>y %all promptly remit paym5t ( !
 rec\p$ am\nts to ! b5efici>y or !      
b5efici>y's successor fiduci>y z ! case 
may be to ! ext5t t su* am\nts h n be5  
reissu$ "u p>agraph 7#a74  2  7#b7 9    
subsection 7d71 by /rik+ or 7b72 &  7#c7
 by r$esignat+ subsections 7c7 & 7d7 z  
subsections 7b7 & 7c71 respectively4    
#b4 ,improv$ access to f9ancial records 
= purposes ( ov]sight by ,dep>tm5t (    
,vet]ans ,affairs ( fiduci>ies ,section 
#eejb ( title #ch1 ,unit$ ,/ates ,code1 
is am5d$ by add+ at ! end ! foll[+ new  
subsection3  7f7 7#a7 ,! ,secret>y %all 
require any p]son or entity appo9t$ or  
recogniz$ z a fiduci>y = a ,dep>tm5t    
b5efici>y "u ?is section to provide     
au?orization = ! ,secret>y to obta9     
7subject to ! co/ reimbursem5t          
requirem5ts ( section #aaae7;a7 ( ! ,"r 

to ,f9ancial ,privacy ,act ( #aigh 7#ab 
,u4,s4,c4 #cdae7;a777 f any f9ancial    
in/itution any f9ancial record held by !
 in/itution ) respect to ! fiduci>y or !
 b5efici>y :5ev] ! ,secret>y det]m9es t 
! f9ancial record is necess>y--  7,a7 = 
! adm9i/ration ( a program adm9i/]$ by !
 ,secret>y2 or  7,b7 9 ord] to safegu>d 
! b5efici>y's b5efits aga9/ neglect1    
misappropriation1 misuse1 embezzlem5t1  
or fraud4  7#b7 ,not)/&+ section        
#aajd7;a77#a7 ( su* ,act 7#ab ,u4,s4,c4 
#cdjd7;a77#a771 an au?orization provid$ 
by a fiduci>y "u p>agraph 7#a7 ) respect
 to a b5efici>y %all be a "o-"t         
au?orization t w rema9 9 effect until ! 
date t is two ye>s aft] ! date ( !      
approval by a c\rt or ! ,secret>y ( a   
f9al acc\nt+ ( paym5t ( b5efits "u any  
law adm9i/]$ by ! ,secret>y to !        
fiduci>y on behalf ( su* b5efici>y4     
7#c7 ,! au?orization provid$ by !       
fiduci>y "u p>agraph 7#a7 %all be a     
condition ( appo9tm5t z a fiduci>y4     
7#d7 7,a7 ,an au?orization obta9$ by !  

,secret>y pursuant to ?is subsection    
%all be consid]$ to meet ! requirem5ts (
 ! ,"r to ,f9ancial ,privacy ,act (     
#aigh 7#ab ,u4,s4,c4 #cdja et seq47 =   
purposes ( section #aajc7;a7 ( su* ,act 
7#ab ,u4,s4,c4 #cdjc7;a77 & ne$ n be    
furni%$ by ! fiduci>y to ! f9ancial     
in/itution1 not)/&+ section             
#aajd7;a77#a7 ( su* ,act 7#ab ,u4,s4,c4 
#cdjd7;a77#a771 if ! ,secret>y provides 
a copy ( ! au?orization to ! f9ancial   
in/itution4  7,b7 ,! c]tification       
requirem5ts ( section #aajc7;b7 ( su*   
,act 7#ab ,u4,s4,c4 #cdjc7;b77 %all n   
apply to reque/s by ! ,secret>y pursuant
 to an au?orization provid$ "u ?is      
subsection4  7,c7 ,a reque/ = a f9ancial
 record by ! ,secret>y pursuant to an   
au?orization provid$ by a fiduci>y "u   
?is subsection is deem$ to meet !       
requirem5ts ( section #aajd7;a77#c7 (   
su* ,act 7#ab ,u4,s4,c4 #cdjd7;a77#c77 &
 ! matt] 9 section #aajb ( su* ,act 7#ab
 ,u4,s4,c4 #cdjb7 t prec$es p>agraph    
7#a7 ( su* section if su* reque/        

id5tifies ! fiduci>y & ! b5efici>y      
conc]n$4  7,d7 ,! ,secret>y %all in=m   
any p]son or entity :o provides         
au?orization "u ?is subsection ( !      
duration & scope ( ! au?orization4  7,e7
 7i7 ,if a fiduci>y ( a ,dep>tm5t       
b5efici>y refuses to provide or revokes 
any au?orization to p]mit ! ,secret>y to
 obta9 f any f9ancial in/itution any    
f9ancial record conc]n+ b5efits paid by 
! ,secret>y = su* b5efici>y1 ! ,secret>y
 may1 on t basis1 revoke ! appo9tm5t or 
! recognition ( ! fiduci>y = su*        
b5efici>y & = any o!r ,dep>tm5t         
b5efici>y = :om su* fiduci>y has be5    
appo9t$ or recogniz$4  7ii7 ,if an      
appo9tm5t or recognition ( a fiduci>y is
 revok$ "u clause 7i71 b5efits may be   
paid z provid$ 9 subsection 7d74  7#e7  
,= purposes ( section #aaac7;d7 ( su*   
,act 7#ab ,u4,s4,c4 #cdac7;d771 a       
disclosure pursuant to ?is subsection   
%all be consid]$ a disclosure pursuant  
to a ,f$]al /atute4  7#f7 ,9 ?is        
subsection3 7,a7 ,! t]m fiduci>y        

includes any p]son or ,/ate or local    
gov]nm5tal entity appo9t$ or recogniz$  
to receive paym5t ( b5efits "u any law  
adm9i/]$ by ! ,secret>y on behalf ( a   
,dep>tm5t b5efici>y4  7,b7 ,! t]m       
f9ancial in/itution has ! mean+ giv5 su*
 t]m 9 section #aaja ( su* ,act 7#ab    
,u4,s4,c4 #cdja71 except t su* t]m %all 
also include any b5efit association1    
insurance company1 safe deposit company1
 money m>ket mutual fund1 or simil>     
entity au?oriz$ to d bus9ess 9 any      
,/ate4  7,c7 ,! t]m f9ancial record has 
! mean+ giv5 to su* t]m 9 su* section4  
4