I 
115TH CONGRESS 
1ST SESSION H. R. 3626 
To amend the Bank Service Company Act to provide improvements with 
respect to State banking agencies, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 28, 2017 
Mr. WILLIAMS introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To amend the Bank Service Company Act to provide im-
provements with respect to State banking agencies, and 
for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Bank Service Company 
Examination Coordination Act of 2017’’. 
SEC. 2. BANK SERVICE COMPANY ACT IMPROVEMENTS. 
The Bank Service Company Act (12 U.S.C. 1861 et 
seq.) is amended— 
(1) in section 1(b)— 
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(A) 
by 
redesignating 
paragraphs 
(2) 
through (9) as paragraphs (3) through (10), re-
spectively; and 
(B) by inserting after paragraph (1) the 
following: 
‘‘(2) the term ‘State banking agency’ shall have 
the same meaning given the term ‘State Bank Su-
pervisor’ under section 3 of the Federal Deposit In-
surance Act;’’; 
(2) in section 5(a), by inserting ‘‘, in consulta-
tion with the State banking agency,’’ after ‘‘banking 
agency’’; and 
(3) in section 7— 
(A) in subsection (a)— 
(i) in the first sentence, by inserting 
‘‘or State banking agency’’ after ‘‘appro-
priate Federal banking agency’’; and 
(ii) in the second sentence, by striking 
‘‘Federal banking agency that supervises 
any other shareholder or member’’ and in-
serting ‘‘Federal or State banking agency 
that supervises any other shareholder or 
member’’; 
(B) in subsection (c)— 
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(i) by inserting ‘‘or a State banking 
agency’’ after ‘‘appropriate Federal bank-
ing agency’’; 
(ii) by striking ‘‘such agency’’ each 
place such term appears and inserting 
‘‘such Federal or State agency’’; 
(C) by redesignating subsection (d) as sub-
section (f); 
(D) by inserting after subsection (c) the 
following: 
‘‘(d) AVAILABILITY OF INFORMATION.—Information 
obtained pursuant to the regulation and examination of 
service providers under this section or applicable State law 
may be furnished by and accessible to Federal and State 
agencies to the same extent that supervisory information 
concerning depository institutions is authorized to be fur-
nished to and required to be accessible by Federal and 
State agencies under section 7(a)(2) of the Federal De-
posit Insurance Act (12 U.S.C. 1817(a)(2)) or State law, 
as applicable. 
‘‘(e) COORDINATION WITH STATE BANKING AGEN-
CIES.—Where a State bank is principal shareholder or 
principal member of a bank service company or where a 
State bank is any other shareholder or member of the 
bank service company, the appropriate Federal banking 
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agency, in carrying out the examination duties authorized 
by this section, shall— 
‘‘(1) provide reasonable and timely notice to, 
and consult with the State banking agency; and 
‘‘(2) to the fullest extent possible, coordinate 
and avoid duplication of examination activities, re-
porting requirements, and requests for informa-
tion.’’; and 
(E) in subsection (f), as so redesignated, 
by inserting ‘‘, in consultation with State bank-
ing agencies,’’ after ‘‘appropriate Federal bank-
ing agencies’’. 
Æ 
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