S.Amdt. 2606
What it does: Adds SEC. ___. IMPROVING EXPERTISE OF BANKING REGULATORS wherever appropriate
Sen. Elizabeth Warren (D-MA)What it changes
1 change to S. 754
Adds SEC. ___. IMPROVING EXPERTISE OF BANKING REGULATORS wherever appropriate
Adds a sectionInserted: SEC. ___. IMPROVING EXPERTISE OF BANKING REGULATORS.
Inserted: (a) Definitions.--In this section--
Inserted: (1) the term "appropriate Federal banking agency" has the meaning given that term in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813);
Inserted: (2) the term "banking regulators" means--
Inserted: (A) the appropriate Federal banking agencies; and
Inserted: (B) the National Credit Union Administration; and
Inserted: (3) the term "covered entity" means any entity that--
Inserted: (A) is subject to examination by a banking regulator;
Inserted: (B) has more than $10,000,000,000 in assets.
Inserted: (b) Participation in Examination of Covered Entities by Specialists.--Each banking regulator shall ensure that an information security specialist participates in an examination by the banking regulator of a covered entity not less frequently than once every 3 years.
Inserted: (c) Rule of Construction.--Nothing in this section shall be construed to alter the frequency of examinations conducted by a banking regulator.
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place, insert the following:
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As printed
SA 2606. Ms. WARREN submitted an amendment intended to be proposed by her to the bill S. 754, to improve cybersecurity in the United States through enhanced sharing of information about cybersecurity threats, and for other purposes; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. ___. IMPROVING EXPERTISE OF BANKING REGULATORS.
(a) Definitions.--In this section--
(1) the term “appropriate Federal banking agency” has the meaning given that term in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(2) the term “banking regulators” means--
(A) the appropriate Federal banking agencies; and
(B) the National Credit Union Administration; and
(3) the term “covered entity” means any entity that--
(A) is subject to examination by a banking regulator;
(B) has more than $10,000,000,000 in assets.
(b) Participation in Examination of Covered Entities by Specialists.--Each banking regulator shall ensure that an information security specialist participates in an examination by the banking regulator of a covered entity not less frequently than once every 3 years.
(c) Rule of Construction.--Nothing in this section shall be construed to alter the frequency of examinations conducted by a banking regulator.
Legislative Activity
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Senate amendment submitted
August 4, 2015
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Senate amendment submitted
August 4, 2015
Senate amendment submitted
August 4, 2015