IIB 
116TH CONGRESS 
1ST SESSION 
H. R. 241 
IN THE SENATE OF THE UNITED STATES 
SEPTEMBER 11, 2019 
Received; read twice and referred to the Committee on Banking, Housing, and 
Urban Affairs 
AN ACT 
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, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Bank Service Company 
Examination Coordination Act of 2019’’. 
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)— 
(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 
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any other shareholder or member’’ and in-
serting ‘‘Federal or State banking agency 
that supervises any other shareholder or 
member’’; 
(B) in subsection (c)— 
(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. 
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shall be determined by reference to the latest statement 
titled ‘‘Budgetary Effects of PAYGO Legislation’’ for this 
Act, submitted for printing in the Congressional Record 
by the Chairman of the House Budget Committee, pro-
vided that such statement has been submitted prior to the 
vote on passage. 
Passed the House of Representatives September 10, 
2019. 
Attest: 
CHERYL L. JOHNSON, 
Clerk. 
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