Summary

S. 2055: A bill to amend the Federal Deposit Insurance Act with respect to the protection of certain information. Read More

Status

This bill was introduced on Feb 1, 2012, in a previous session of Congress, but was not passed.

Bill Text

A BILL

To amend the Federal Deposit Insurance Act with respect to the protection of certain information.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. GUARANTEE OF PRIVILEGE.

Section 18(x) of the Federal Deposit Insurance Act (12 U.S.C. 1828(x)) is amended by striking paragraph (1) and inserting the following: ``(1) In general.--The submission by any person of any information to any Federal banking agency, State bank supervisor, foreign banking authority, or the Bureau of Consumer Financial Protection for any purpose in the course of any supervisory or regulatory process of the agency, supervisor, authority, or Bureau shall not be construed as waiving, destroying, or otherwise affecting any privilege such person may claim with respect to such information under Federal or State law as to any person or entity other than such agency, supervisor, authority, or Bureau.''. <all>

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Bill Summary

S. 2055: A bill to amend the Federal Deposit Insurance Act with respect to the protection of certain information.

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