,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #daed  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #b1 #bjbj,mr4    
,cram] 7= himself & ,mr4 ,jones7        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,bank ,s]vice        
,company ,act to provide improvem5ts )  
respect to ,/ate bank+ ag5cies1 & = o!r 
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,bank ,s]vice ,company     
,exam9ation ,coord9ation ,act ( #bjbj4  
#b4 ,bank ,s]vice ,company ,act         
improvem5ts ,! ,bank ,s]vice ,company   
,act 7#ab ,u4,s4,c4 #ahfa et seq47 is   
am5d$-- 7#a7 9 section #a7;b7-- 7,a7 by 
r$esignat+ p>agraphs 7#b7 ?r\gh 7#i7 z  
p>agraphs 7#c7 ?r\gh 7#aj71             
respectively2 &  7,b7 by ins]t+ aft]    
p>agraph 7#a7 ! foll[+3  7#b7 ! t]m     
,/ate bank+ ag5cy %all h ! same mean+   
giv5 ! t]m ,/ate ,bank ,sup]visor "u    
section #c ( ! ,f$]al ,deposit          
,insurance ,act2  2  7#b7 9 section     

#e7;a71 by ins]t+ 1 9 consultation ) !  
,/ate bank+ ag5cy1 aft] bank+ ag5cy2 &  
7#c7 9 section #g-- 7,a7 9 subsection   
7a7-- 7i7 9 ! fir/ s5t5ce1 by ins]t+ or 
,/ate bank+ ag5cy aft] appropriate      
,f$]al bank+ ag5cy2 &  7ii7 9 ! second  
s5t5ce1 by /rik+ ,f$]al bank+ ag5cy t   
sup]vises any o!r %>ehold] or memb] &   
ins]t+ ,f$]al or ,/ate bank+ ag5cy t    
sup]vises any o!r %>ehold] or memb]2    
7,b7 9 subsection 7c7-- 7i7 by ins]t+ or
 a ,/ate bank+ ag5cy aft] appropriate   
,f$]al bank+ ag5cy2 &  7ii7 by /rik+ su*
 ag5cy ea* place su* t]m appe>s & ins]t+
 su* ,f$]al or ,/ate ag5cy2  7,c7 by    
r$esignat+ subsection 7d7 z subsection  
7f72  7,d7 by ins]t+ aft] subsection 7c7
 ! foll[+3  7d7 ,availability (         
in=mation ,in=mation obta9$ pursuant to 
! regulation & exam9ation ( s]vice      
provid]s "u ?is section or applicable   
,/ate law may be furni%$ by & accessible
 to ,f$]al & ,/ate ag5cies to ! same    
ext5t t sup]visory in=mation conc]n+    
depository in/itutions is au?oriz$ to be

 furni%$ to & requir$ to be accessible  
by ,f$]al & ,/ate ag5cies "u section    
#g7;a77#b7 ( ! ,f$]al ,deposit          
,insurance ,act 7#ab ,u4,s4,c4          
#ahag7;a77#b77 or ,/ate law1 z          
applicable4  7e7 ,coord9ation ) ,/ate   
,bank+ ,ag5cies ,:]e a ,/ate bank is    
pr9cipal %>ehold] or pr9cipal memb] ( a 
bank s]vice company or :]e a ,/ate bank 
is any o!r %>ehold] or memb] ( ! bank   
s]vice company1 ! appropriate ,f$]al    
bank+ ag5cy1 9 c>ry+ out exam9ations    
au?oriz$ by ?is section1 %all-- 7#a7    
provide reasonable & timely notice to ! 
,/ate bank+ ag5cy2 &  7#b7 to ! fulle/  
ext5t possible1 coord9ate & avoid       
duplication ( exam9ation activities1    
report+ requirem5ts1 & reque/s =        
in=mation4  2  7,e7 9 subsection 7f71 z 
s r$esignat$1 by ins]t+ 1 9 consultation
 ) ,/ate bank+ ag5cies1 aft] appropriate
 ,f$]al bank+ ag5cies2 &  7,f7 by add+  
at ! end ! foll[+3  7g7 ,rule (         
con/ruction ,no?+ 9 ?is section %all be 
con/ru$ z grant+ au?ority = a ,/ate     

bank+ ag5cy to exam9e a bank s]vice     
company :]e no su* au?ority exi/s 9     
,/ate law4  4  #c4 ,det]m9ation (       
,budget>y ,effects ,! budget>y effects (
 ?is ,act1 = ! purpose ( comply+ ) !    
,/atutory ,pay-,z-,y-,g ,act ( #bjaj1   
%all be det]m9$ by ref]5ce to ! late/   
/atem5t titl$ ,budget>y ,effects (      
,,paygo ,legislation = ?is ,act1        
submitt$ = pr9t+ 9 ! ,congressional     
,record by ! ,*airman ( ! ,h\se ,budget 
,committee1 provid$ t su* /atem5t has   
be5 submitt$ prior to ! vote on passage4