To amend the Bank Service Company Act to permit the appropriate Federal banking agencies to coordinate examinations of bank service companies with State banking agencies, and for other purposes.
Bank Service Company Examination Coordination Act of 2016
This bill amends the Bank Service Company Act to allow the appropriate federal banking agency with respect to the principal shareholder or principal member of a bank service company to authorize a state banking agency (in addition to any other federal banking agency, as under current law) that supervises any other shareholder or member to make an examination of the bank service company.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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