S.Amdt. 3930

SA 3930. Mr. REED (for himself and Ms. Warren) submitted an amendment
intended to be proposed by him to the bill S. 875, to curtail the
political weaponization of Federal banking agencies by eliminating
reputational risk as a component of the supervision of depository
institutions; which was ordered to lie on the table; as follows:

On page 10, line 5, strike ``No'' and inserting ``(a) In
General.--Except as provided by subsection (b), no''.
On page 11, between lines 10 and 11, insert the following:
(b) Exceptions.--The prohibition under subsection (a) shall
not apply with respect to a depository institution if a
Federal banking agency has reasonable cause to believe that
the depository institution or an institution-affiliated party
(as defined in section 3 of the Federal Deposit Insurance Act
(12 U.S.C. 1813)) of that depository institution has engaged,
is engaged, or is about to engage in any activity involving--
(1) Hamas, Hizbollah, Palestinian Islamic Jihad, the Al-
Aqsa Martyrs Brigade, or Ansarallah;
(2) Tren de Aragua, Mara Salvatrucha (MS-13), Cartel de
Sinaloa, Cartel de Jalisco Nueva Generacion, Cartel del
Noreste (formerly Los Zetas), La Nueva Familia Michoacana,
Cartel de Golfo (Gulf Cartel), or Carteles Unidos;
(3) any other organization designated as--
(A) a foreign terrorist organization under section 219 of
the Immigration and Nationality Act (8 U.S.C. 1189); or
(B) a specially designated global terrorist organization
pursuant to Executive Order 13224 (50 U.S.C. 1701 note;
relating to blocking property and prohibiting transactions
with persons who commit, threaten to commit, or support
terrorism), as amended before, on, or after the date of the
enactment of this Act;
(4) the government of Iran, North Korea, Syria, the Russian
Federation, or any other country the government of which the
Secretary of State has determined has repeatedly provided
support for acts of international terrorism (commonly
referred to as a ``state sponsor of terrorism''), for
purposes of--
(A) section 1754(c)(1)(A)(i) of the Export Control Reform
Act of 2018 (50 U.S.C. 4813(c)(1)(A)(i));
(B) section 620A of the Foreign Assistance Act of 1961 (22
U.S.C. 2371);
(C) section 40(d) of the Arms Export Control Act (22 U.S.C.
2780(d)); or
(D) any other provision of law;
(5) any person that is an agent for, or does business with,
any entity described in paragraph (2), (3), or (4);
(6) any person who may be involved in soliciting sex from
minors or in sex trafficking;
(7) any other illicit conduct involving a transnational
criminal organization, drug trafficking organization, or
money laundering organization; or
(8) any other illicit finance, criminal activity, or a
threat to the national security of the United States.
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