,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #hgdj  ,,in ,,the ,,house ,,of  
,,representatives  ,november #ab1       
#bjbj,mr4 ,foster introduced the        
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to amend the ,bank ,service 
,company ,act to cover credit unions to 
the same extent as such ,act covers     
banks and savings associations1 to      
provide the ,director of the ,federal   
,housing ,finance ,agency with the      
authority to regulate the provision of  
services provided to the                
,government-sponsored enterprises and   
,federal ,home ,loan ,banks1 and for    
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,strengthening 
,cybersecurity for the ,financial       
,sector ,act of #bjbj4  #b4 ,inclusion  
of credit unions under the ,bank        
,service ,company ,act ,the ,bank       
,service ,company ,act is amended-- 7#a7
 in section #a7;b7 7#ab ,u4,s4,c4       
#ahfa7;b77-- 7,a7 by amending paragraph 

7#a7 to read as follows3  7#a7 the term 
appropriate ,federal banking agency--   
7,a7 has the meaning given that term    
under section #c of the ,federal        
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahac72 and  7,b7 means the ,national   
,credit ,union ,administration1 in the  
case of a credit union2  2  7,b7 by     
amending paragraph 7#e7 to read as      
follows3  7#e7 the term insured         
depository institution-- 7,a7 has the   
meaning given that term under section #c
 of the ,federal ,deposit ,insurance    
,act 7#ab ,u4,s4,c4 #ahac72 and  7,b7   
means an insured credit union1 as       
defined under section #aja of the       
,federal ,credit ,union ,act 7#ab       
,u4,s4,c4 #ageb72  2  7,c7 in paragraph 
7#h71 by striking and at the end2  7,d7 
in paragraph 7#i7-- 7i7 by inserting    
before and the following3 1 savings     
association12 and  7ii7 by striking the 
period at the end and inserting a       
semicolon2 and  7,e7 by adding at the   
end the following3  7#aj7 the term      

credit union means a ,federal credit    
union or a ,state credit union2 and     
7#aa7 the terms insured credit union1   
,federal credit union1 and ,state credit
 union have the meaning given those     
terms1 respectively1 under section #aja 
of the ,federal ,credit ,union ,act 7#ab
 ,u4,s4,c4 #ageb74  2  7#b7 in section  
#b 7#ab ,u4,s4,c4 #ahfb71 by striking   
banks or savings associations and       
inserting depository institutions2 and  
7#c7 in section #d 7#ab ,u4,s4,c4       
#ahfd7-- 7,a7 in subsection 7c71 by     
striking ,state bank or ,state savings  
association each place such term appears
 and inserting ,state bank1 ,state      
savings association1 or ,state credit   
union2  7,b7 in subsection 7d71 by      
striking national bank or ,federal      
savings association each place such term
 appears and inserting national bank1   
,federal savings association1 or        
,federal credit union2 and  7,c7 in     
subsection 7f71 by striking banks or    
savings associations and inserting      

depository institutions4  #c4           
,regulation of service providers by     
,,fhfa ,subpart ,a of part #b of        
subtitle ,a of the ,federal ,housing    
,enterprises ,financial ,safety and     
,soundness ,act of #aiib 7#ab ,u4,s4,c4 
#deda et seq47 is amended by adding at  
the end the following new section3      
#acbi4 ,regulation of service providers 
,whenever a ,federal ,home ,loan ,bank  
or enterprise 7or any subsidiary or     
affiliate of such a ,bank or enterprise7
 causes to be performed for itself1 by  
contract or otherwise1 any services1    
whether on or off its premises-- 7#a7   
such performance shall be subject to    
regulation and examination by the       
,director to the same extent as if such 
services were being performed by such   
,bank or enterprise itself on its own   
premises2 and  7#b7 the ,bank or        
enterprise shall notify the ,director of
 the existence of the service           
relationship within thirty days after   
the making of such service contract or  

the performance of the service1         
whichever occurs first4  4