To amend the Federal Deposit Insurance Act and the Federal Credit Union Act with respect to privilege of information provided to Federal and State agencies, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

12 July 2012

Last action

31 July 2012 · Referred

Status

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Summary

Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to declare that certain federal agencies ("covered agencies") shall not be deemed to have waived any confidentiality applicable to information by either transferring such information to, or permitting it to be used by, another covered agency or specified federal agencies. Includes among "covered agencies": (1) the Consumer Financial Protection Bureau (CFPB), (2) state bank and financial company supervisors, and (3) certain licensing and registry systems established under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008. Defines "confidentiality" to include any work-product, attorney-client, or other privilege recognized under federal or state law. Shields also from the waiver of confidentiality any information submitted by a person to either a federal banking agency, the CFPB, a state bank supervisor, or foreign banking authority in the course of its supervisory or regulatory process.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

12 July 2012
Introduced
Referred to the House Committee on Financial Services.
Source: IntroReferral
12 July 2012
Introduced
Introduced in House
Source: IntroReferral
12 July 2012
Introduced
Introduced in House
Source: IntroReferral
31 July 2012
Referred
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Source: Committee

Votes

No vote records are attached yet.

Versions

Introduced in House · 12 July 2012 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 12 July 2012
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Introduced in House (PDF)
Introduced in House · EN · 12 July 2012
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Introduced in House
summary · EN · 12 July 2012
Open at official source
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Related records

related to → To amend the Federal Deposit Insurance Act with respect to information provided to the Bureau of Consumer Financial Protection.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/112th-congress/house-bill/6125
Open data entity: https://api.congress.gov/v3/bill/112/hr/6125
us · 112-hr-6125 · source updated 6 February 2024