S.Amdt. 2443Senate116th Congress (2019-2021)2nd degree
S.Amdt. 2443
Sponsored by
Sen. John Thune (R-SD)
Submitted July 20, 2020
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Senate amendment submitted
July 20, 2020
Text
Submitted
SA 2443. Mr. THUNE submitted an amendment intended to be proposed to amendment SA 2301 proposed by Mr. Inhofe to the bill S. 4049, to authorize appropriations for fiscal year 2021 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes; which was ordered to lie on the table; as follows: At the end of subtitle D of title VI, insert the following: SEC. 633. USE OF FINANCIAL SERVICES PROVIDERS IN PROVISION OF EDUCATION ON FINANCIAL SERVICES ON MILITARY INSTALLATIONS LOCATED OUTSIDE THE UNITED STATES. (a) Use Authorized.--Under regulations prescribed by the Secretary of Defense, in the provision of orientations or briefings on financial services to members of the Armed Forces who are newly assigned to a military installation outside the United States (whether for purposes of financial literacy training under section 992 of title 10, United States Code, or any other purpose), the commander of such installation may use such representatives of such financial services providers as such regulations may authorize, including by permitting such representatives access to such members on such installation, to provide informational materials, for such purposes. (b) Registration With FinCEN.--A financial services provider may not provide orientations or briefings pursuant to subsection (a) unless such provider is registered with the Financial Crimes Enforcement Network (FinCEN) of the Department of the Treasury. (c) Financial Services Defined.--In this section, the term ``financial services'' has the meaning given that term in section 992(e) of title 10, United States Code, and includes electronic banking, funds transfers, money orders, loan services, and utility payments. ______