An amendment numbered 1 printed in Part B of House Report 114-414 to clarify that bill does not prevent federal banking regulators from requesting or requiring a financial institution to terminate a relationship with a customer because (1) the customer poses a threat to national security, (2) is engaged in terrorist financing, (3) is doing business with Iran, North Korea, Syria, or another State Sponsor of Terrorism, or (4) is doing business with an entity in any of those countries.

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Amendment Number
927
Description
An amendment numbered 1 printed in Part B of House Report 114-414 to clarify that bill does not prevent federal banking regulators from requesting or requiring a financial institution to terminate a relationship with a customer because (1) the customer poses a threat to national security, (2) is engaged in terrorist financing, (3) is doing business with Iran, North Korea, Syria, or another State Sponsor of Terrorism, or (4) is doing business with an entity in any of those countries.
Purpose
Amendment clarifies that the bill does not prevent Federal banking regulators from requesting or requiring a financial institution to terminate a relationship with a customer because (1) the customer poses a threat to national security, (2) is engaged in terrorist financing, (3) is doing business with Iran, North Korea, Syria, or another State Sponsor of Terrorism, or (4) is doing business with an entity in any of those countries.
Congress
114
Type
HAMDT
Latest Action Date
Feb 4, 2016
Latest Action Text
On agreeing to the Sherman amendment (A001) Agreed to by voice vote.
Latest Action Time
11:28:26
Submitted Date
Feb 4, 2016
Chamber
House of Representatives
Update Date
Dec 15, 2020
Amendment 927 — Informed