,,ii #aaf? ,,congress #a/ ,session ,s4 #cjjc ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,decemb] #aj1 #bjai,mr4 ,cruz 7= himself1 ,mr4 ,crapo1 ,mr4 ,k5n$y1 ,mr4 ,tillis1 ,mr4 ,inh(e1 ,mr4 ,lee1 ,mrs4 ,hyde-,smi?1 ,mr4 ,cornyn1 ,mr4 ,sasse1 & ,mr4 ,braun7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,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 ( #bjai4 #b4 ,requirem5ts = deposit acc\nt t]m9ation reque/s & ord]s 7a7 ,def9itions ,9 ?is section-- 7#a7 ! t]m appropriate ,f$]al bank+ ag5cy-- 7,a7 has ! mean+ giv5 ! t]m 9 section #c ( ! ,f$]al ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahac72 & 7,b7 9 ! case ( an insur$ cr$it union1 means ! ,national ,cr$it ,union ,adm9i/ration ,bo>d2 7#b7 ! t]m depository in/itution-- 7,a7 has ! mean+ giv5 ! t]m 9 section #c ( ! ,f$]al ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahac72 & 7,b7 includes an insur$ cr$it union2 & 7#c7 ! t]m insur$ cr$it union has ! mean+ giv5 ! t]m 9 section #aja ( ! ,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4 #ageb74 7b7 ,t]m9ation reque/s or ord]s mu/ be mat]ial 7#a7 ,9 g5]al ,! appropriate ,f$]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 = ! reque/ or ord]2 & 7,b7 t reason is n bas$ solely on reputation risk to ! depository in/itution4 7#b7 ,treatm5t ( national security ?reats ,! appropriate ,f$]al bank+ ag5cy %all satisfy ! requirem5t "u p>agraph 7#a7 if ! ag5cy believes a specific cu/om] or gr\p ( cu/om]s is1 or is act+ z a conduit =1 an entity t-- 7,a7 poses a ?reat to national security2 7,b7 is involv$ 9 t]rori/ f9anc+2 7,c7 is an ag5cy ( ! ,gov]nm5t ( ,iran1 ,nor? ,korea1 ,syria1 or any c\ntry li/$ f "t to "t on ! /ate sponsor ( t]rorism li/2 7,d7 is locat$ 91 or is subject to ! jurisdiction (1 any c\ntry describ$ 9 subp>agraph 7,c72 or 7,e7 does bus9ess ) any entity describ$ 9 subp>agraph 7,c7 or 7,d71 unless ! appropriate ,f$]al bank+ ag5cy det]m9es t ! cu/om] or gr\p ( cu/om]s has us$ due dilig5ce to avoid do+ bus9ess ) any entity describ$ 9 subp>agraph 7,c7 or 7,d74 7c7 ,notice requirem5t 7#a7 ,9 g5]al ,if ! appropriate ,f$]al bank+ ag5cy =mally or in=mally reque/s or ord]s a depository in/itution to t]m9ate a specific cu/om] acc\nt or a gr\p ( cu/om] acc\nts1 ! ag5cy %all-- 7,a7 provide ! reque/ or ord] to ! in/itution 9 writ+2 & 7,b7 include ) ! reque/ or ord] a writt5 ju/ification = :y ! t]m9ation is necess>y1 includ+ any specific law 7includ+ regulations71 ! ag5cy believes t ! cu/om] or gr\p ( cu/om]s are violat+4 7#b7 ,ju/ification requirem5t ,a writt5 ju/ification "u p>agraph 7#a77;,b7 may n be bas$ solely on ! reputation risk to ! depository in/itution4 7d7 ,cu/om] notice 7#a7 ,notice requir$ ,except z provid$ 9 p>agraph 7#b71 if ! appropriate ,f$]al bank+ ag5cy ord]s a depository in/itution to t]m9ate a specific cu/om] acc\nt or a gr\p ( cu/om] acc\nts1 ! depository in/itution %all in=m ! cu/om] or cu/om]s ( ! ju/ification = ! t]m9ation ( ! acc\nt or acc\nts "u subsection 7c77#a77;,b74 7#b7 ,notice prohibit$ 9 cases ( national security ,if ! 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 or are o!rwise describ$ 9 subsection 7b77#b71 nei!r ! depository in/itution nor ! appropriate ,f$]al bank+ ag5cy may in=m ! cu/om] or cu/om]s ( ! ju/ification = ! t]m9ation ( ! acc\nt or acc\nts4 7e7 ,report+ requirem5t ,ea* appropriate ,f$]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+ ! #a-ye> p]iod prec$+ ! issuance ( ! report2 7#b7 ! legal au?ority on :i* ! ag5cy reli$ 9 mak+ ! reque/s & ord]s describ$ 9 p>agraph 7#a72 & 7#c7 ! frequ5cy ) :i* ! ag5cy reli$ on ea* au?ority describ$ 9 p>agraph 7#b74 #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$-- 7#a7 9 subsection 7c77#b7-- 7,a7 by ins]t+ a comma aft] #acda2 & 7,b7 by /rik+ affect+ a f$]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 ! subsection head+1 by /rik+ subpo5as & ins]t+ inve/igations2 & 7,b7 by /rik+ p>agraph 7#a77;,c7 & ins]t+ ! foll[+3 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