Sec. 6302. SUBCOMMITTEE ON INFORMATION SECURITY AND CONFIDENTIALITY
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## SEC. 6302 SUBCOMMITTEE ON INFORMATION SECURITY AND CONFIDENTIALITY Section 1564 of the Annunzio-Wylie Anti-Money Laundering Act (31 U.S.C. 5311 note), as amended by section 6207 of this division, is amended by adding at the end the following: > > ### “(e) Subcommittee on Information Security and Confidentiality > > > #### “(1) In general > > There shall be within the Bank Secrecy Act Advisory Group a subcommittee to be known as the Subcommittee on Information Security and Confidentiality (in this subsection referred to as the ‘Subcommittee’) to advise the Secretary of the Treasury regarding the information security and confidentiality implications of regulations, guidance, information sharing programs, and the examination for compliance with and enforcement of the provisions of the Bank Secrecy Act. > > > #### “(2) Membership > > > ##### “(A) In general > > The Subcommittee shall consist of the representatives of the heads of the Federal functional regulators, including, as appropriate, the Bank Secrecy Act Information Security Officers as established in section 6303 of the Anti-Money Laundering Act of 2020, and representatives from financial institutions subject to the Bank Secrecy Act, law enforcement, FinCEN, and any other representatives as determined by the Secretary of the Treasury. > > > ##### “(B) Requirements > > Each agency representative described in subparagraph
(A)shall be an individual who has demonstrated knowledge and competence concerning the application of the Bank Secrecy Act and familiarity with and expertise in applicable laws. > > > #### “(3) Sunset > > > ##### “(A) In general > > Except as provided in subparagraph (B), the Subcommittee shall terminate on the date that is 5 years after the date of enactment of this subsection. > > > ##### “(B) Exception > > The Secretary of the Treasury may renew the Subcommittee for 1-year periods beginning on the date that is 5 years after the date of enactment of this subsection. > > > ### “(f) Definitions > > In this section: > > > #### “(1) Bank secrecy act > > The term ‘Bank Secrecy Act’ has the meaning given the term in section 6003 of the Anti-Money Laundering Act of 2020. > > > #### “(2) Federal functional regulator > > The term ‘Federal functional regulator’ has the meaning given the term in section 509 of the Gramm-Leach-Bliley Act (15 U.S.C. 6809). > > > #### “(3) FinCEN > > The term ‘FinCEN’ means the Financial Crimes Enforcement Network of the Department of the Treasury. > > > #### “(4) Financial institution > > The term ‘financial institution’ has the meaning given the term in section 5312 of title 31, United States Code. > > > #### “(5) State credit union supervisor > > The term ‘State credit union supervisor’ means a State official described in section 107A(e) of the Federal Credit Union Act (12 U.S.C. 1757a(e)).” > .
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Sec. 6302
SUBCOMMITTEE ON INFORMATION SECURITY AND CONFIDENTIALITY
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