,,ii  #aag? ,,congress  #b;d ,session   
,s4 #dfih  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,augu/ #a1 #bjbb,mr4   
,oss(f 7= himself1 ,ms4 ,lummis1 & ,mr4 
,w>n]7 introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,f$]al ,cr$it ,union 
,act to modify requirem5ts relat+ to !  
regulation & exam9ation ( cr$it union   
organizations & s]vice provid]s4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,improv+ ,cyb]security ( ,cr$it ,unions 
,act4  #b4 ,f9d+s ,congress f9ds !      
foll[+3 7#a7 ,until #bjja1 ! ,national  
,cr$it ,union ,adm9i/ration 7ref]r$ to 9
 ?is section z ! ,,ncua7 ma9ta9$        
?ird-p>ty exam9ation au?ority ov] cr$it 
union organizations4  7#b7 ,z ( ! date (
 enactm5t ( ?is ,act1 o!r ,f$]al & ,/ate
 bank sup]visors ma9ta9 ?ird-p>ty       
exam9ation au?ority ov] bank s]vice     
companies pursuant to ! ,bank ,s]vice   
,company ,act 7#ab ,u4,s4,c4 #ahfa et   
seq474  7#c7 ,! ,gov]nm5t ,acc\ntability

 ,(fice1 ! ,f9ancial ,/ability ,ov]sight
 ,c\ncil1 & ! ,inspector ,g5]al ( !     
,,ncua h all reque/$ ! re/oration ( !   
,,ncua's ?ird-p>ty v5dor au?ority4  7#d7
 ,z ( ! date ( enactm5t ( ?is ,act1     
significant cyb]security ?reats ?reat5  
cr$it unions & ! economy ( ! ,unit$     
,/ates4  7#e7 ,by giv+ ! ,,ncua         
exam9ation p>ity ) o!r ,f$]al & ,/ate   
bank sup]visors1 & re/or+ ?ird-p>ty     
exam9ation au?ority to ! ,,ncua1 ?is    
,act1 & ! am5dm5ts made by ?is ,act1 w  
protect cr$it union cu/om]s & /r5g!n    
cr$it unions aga9/ cyb]security risks1  
privacy violations1 & anti-money laund]+
 conc]ns4  #c4 ,regulation & exam9ation 
( cr$it union organizations & s]vice    
provid]s  7a7 ,9 g5]al ,! ,f$]al ,cr$it 
,union ,act 7#ab ,u4,s4,c4 #agea et     
seq47 is am5d$ by /rik+ section #bjf;,a 
7#ab ,u4,s4,c4 #aghf;a7 & ins]t+ !      
foll[+3  #bjf;,a4 ,regulation &         
exam9ation ( cr$it union organizations &
 s]vice provid]s  7a7 ,regulation &     
exam9ation ( cr$it union organizations  

7#a7 ,g5]al exam9ation & regulatory     
au?ority ,a cr$it union organization    
%all be subject to exam9ation &         
regulation by ! ,bo>d to ! same ext5t z 
an insur$ cr$it union4  7#b7 ,exam9ation
 by o!r bank+ ag5cies ,! ,bo>d may      
au?orize any ( ! foll[+ entities to make
 an exam9ation ( a cr$it union          
organization 9 accordance ) p>agraph    
7#a73 7,a7 ,any ,f$]al regulatory ag5cy 
t sup]vises any activity ( a cr$it union
 organization4  7,b7 ,any ,f$]al bank+  
ag5cy t sup]vises any o!r p]son :o      
ma9ta9s an own]%ip int]e/ 9 a cr$it     
union organization4  7b7 ,applicability 
( section #bjf ,a cr$it union           
organization %all be subject to !       
provisions ( section #bjf z if ! cr$it  
union organization 7 an insur$ cr$it    
union4  7c7 ,s]vice p]=m$ by contract or
 o!rwise ,not)/&+ subsection 7a71 if an 
insur$ cr$it union or a cr$it union     
organization t is regul>ly exam9$ or    
subject to exam9ation by ! ,bo>d1 causes
 to be p]=m$ = itself1 by contract or   

o!rwise1 any s]vice au?oriz$ "u ?is     
,act1 or 9 ! case ( a ,/ate cr$it union1
 any applicable ,/ate law1 :e!r on or (f
 its premises-- 7#a7 su* p]=mance %all  
be subject to regulation1 exam9ation1 & 
en=cem5t by ! ,bo>d to ! same ext5t z if
 su* s]vices 7 be+ p]=m$ by ! insur$    
cr$it union or cr$it union organization 
itself on its own premises2 &  7#b7 !   
insur$ cr$it union or cr$it union       
organization %all notify ! ,bo>d1 9 a   
mann] & me?od prescrib$ by ! ,bo>d1 ( ! 
exi/5ce ( ! s]vice relation%ip n lat]   
?an #cj days aft] ! e>li] (-- 7,a7 !    
date on :i* ! contract is ent]$ into2 or
  7,b7 ! date on :i* ! p]=mance ( !     
s]vice is initiat$4  7d7 ,adm9i/ration  
by ! bo>d ,! ,bo>d may issue su*        
regulations & ord]s z may be necess>y to
 enable ! ,bo>d to adm9i/] & c>ry out   
?is section & to prev5t evasion ( ?is   
section4  7e7 ,def9itions ,= purposes ( 
?is section-- 7#a7 ! t]m cr$it union    
organization means any entity t-- 7,a7  
is n a cr$it union2  7,b7 is an entity 9

 :i* an insur$ cr$it union may lawfully 
hold an own]%ip int]e/ or inve/m5t2 &   
7,c7 is own$ 9 :ole or 9 "p by an insur$
 cr$it union2 &  7#b7 ! t]m ,f$]al bank+
 ag5cy has ! same mean+ z 9 section #c (
 ! ,f$]al ,deposit ,insurance ,act4  7f7
 ,ex]cise ( au?ority ,to m9imize        
duplicative ef=ts1 prior to conduct+ any
 exam9ation ( a cr$it union organization
 "u ! au?ority provid$ to ! ,bo>d "u ?is
 section1 ! ,bo>d %all fir/ seek to     
collect any in=mation :i* ! ,bo>d int5ds
 to acquire ?r\gh su* exam9ation f--    
7#a7 any ,f$]al regulatory ag5cies t    
sup]vise any activity ( t cr$it union   
organization2 &  7#b7 any ,f$]al bank+  
ag5cy t sup]vises any o!r p]son :o      
ma9ta9s an own]%ip int]e/ 9 t cr$it     
union organization4  4  7b7 ,approval   
,any *anges to ! budget ( ! ,national   
,cr$it ,union ,adm9i/ration ,bo>d z a   
result ( ! am5dm5ts made by subsection  
7a7 %all be featur$ 9 a public he>+1    
subject to public comm5t1 & approv$ by !
 ,bo>d4