HR 5807 · 114th Congress · Finance and Financial Sector
Bank Service Company Examination Coordination Act of 2016
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Financial Services.(2016-07-14)
Plain Language Summary
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Bank Service Company Examination Coordination Act of 2016 This bill amends the Bank Service Company Act to allow the appropriate federal banking agency with respect to the principal shareholder or principal member of a bank service company to authorize a state banking agency (in addition to any other federal banking agency, as under current law) that supervises any other shareholder or member to make an examination of the bank service company.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (7)
2 Democrats5 Republicans