IB 
Union Calendar No. 788 
115TH CONGRESS 
2D SESSION 
H. R. 3626 
[Report No. 115–1007] 
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 
NOVEMBER 2, 2018 
Additional sponsors: Mr. MEEKS, Mrs. LOVE, Mrs. WAGNER, Mr. BUDD, and 
Mr. GONZALEZ of Texas 
NOVEMBER 2, 2018 
Reported with amendments, committed to the Committee of the Whole House 
on the State of the Union, and ordered to be printed 
[Omit the part struck through and insert the part printed in italic] 
VerDate Sep 11 2014 
21:14 Nov 02, 2018
Jkt 089200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6652
E:\BILLS\H3626.RH
H3626
pbinns on DSK79D2C42PROD with BILLS
A BILL 
To amend the Bank Service Company Act to provide im-
provements with respect to State banking agencies, and 
for other purposes. 
VerDate Sep 11 2014 
21:14 Nov 02, 2018
Jkt 089200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6652
E:\BILLS\H3626.RH
H3626
pbinns on DSK79D2C42PROD with BILLS
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)— 
(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)— 
VerDate Sep 11 2014 
21:14 Nov 02, 2018
Jkt 089200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H3626.RH
H3626
pbinns on DSK79D2C42PROD with BILLS
(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)— 
(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 
VerDate Sep 11 2014 
21:14 Nov 02, 2018
Jkt 089200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6201
E:\BILLS\H3626.RH
H3626
pbinns on DSK79D2C42PROD with BILLS
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 
agency, in carrying out the examination duties examina-
tions 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’’.; and 
(F) by adding at the end the following: 
‘‘(g) RULE OF CONSTRUCTION.—Nothing in this sec-
tion shall be construed as granting authority for a State 
VerDate Sep 11 2014 
21:14 Nov 02, 2018
Jkt 089200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6203
E:\BILLS\H3626.RH
H3626
pbinns on DSK79D2C42PROD with BILLS
banking agency to examine a bank service company where 
no such authority exists in State law.’’. 
VerDate Sep 11 2014 
21:14 Nov 02, 2018
Jkt 089200
PO 00000
Frm 00006
Fmt 6652
Sfmt 6203
E:\BILLS\H3626.RH
H3626
pbinns on DSK79D2C42PROD with BILLS
VerDate Sep 11 2014 
21:14 Nov 02, 2018
Jkt 089200
PO 00000
Frm 00007
Fmt 6652
Sfmt 6203
E:\BILLS\H3626.RH
H3626
pbinns on DSK79D2C42PROD with BILLS
Union Calendar No. 788 
115TH CONGRESS 
2D SESSION 
H. R. 3626 
[Report No. 115–1007] 
A BILL 
To amend the Bank Service Company Act to pro-
vide improvements with respect to State banking 
agencies, and for other purposes. 
NOVEMBER 2, 2018 
Reported with amendments, committed to the Committee 
of the Whole House on the State of the Union, and or-
dered to be printed 
VerDate Sep 11 2014 
21:14 Nov 02, 2018
Jkt 089200
PO 00000
Frm 00008
Fmt 6651
Sfmt 6651
E:\BILLS\H3626.RH
H3626
pbinns on DSK79D2C42PROD with BILLS