S.Amdt. 2089

SA 2089. Mr. NELSON (for himself, Ms. Harris, Ms. Warren, Mr.
Blumenthal, Mr. Merkley, and Mrs. Feinstein) submitted an amendment
intended to be proposed by him to the bill S. 2155, to promote economic
growth, provide tailored regulatory relief, and enhance consumer
protections, and for other purposes; which was ordered to lie on the
table; as follows:

At the appropriate place, insert the following:

SEC. ___. VISITORIAL POWERS.

The sixth undesignated paragraph of section 5240 of the
Revised Statutes (12 U.S.C. 484) is amended by striking
subparagraph (B) and inserting the following:
``(B) Notwithstanding subparagraph (A)--
``(i) lawfully authorized State auditors and examiners may,
at reasonable times and upon reasonable notice to a bank,
review its records solely to ensure compliance with
applicable State unclaimed property or escheat laws upon
reasonable cause to believe that the bank has failed to
comply with such laws;
``(ii) an attorney general (or other chief law enforcement
officer) of a State may issue subpoenas or administer
oversight and examination to national banks or officers of
national banks based upon reasonable cause to believe that
the national bank or an officer of a national bank has failed
to comply with applicable State laws; and
``(iii) national banks shall submit to an attorney general
(or other chief law enforcement officer) of a State aggregate
loan data, types of products, any other information that the
national bank determines is appropriate for each State.''.
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