S.Amdt. 2205

SA 2205. Ms. HARRIS submitted an amendment intended to be proposed by
her 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.

(a) In General.--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.''.
(b) Report.--The Comptroller General of the United States
shall submit to Congress a report on how many enforcement
actions could have been initiated after the financial crisis
if State attorneys general had visitorial powers.

SEC. ___. REQUIREMENT OF BANKS THAT RECEIVE TAXPAYER-FUNDED
BAILOUTS TO DISCHARGE STUDENT LOAN DEBT.

Notwithstanding any other provision of law, any bank that
receives a taxpayer-funded bailout similar to the relief
provided under the Troubled Asset Relief Program established
under title I of the Emergency Economic Stabilization Act of
2008 (12 U.S.C. 5211 et seq.) shall discharge any student
loan debt held by the bank.
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