113 HR 5062 ENR: To amend the Consumer Financial Protection Act of 2010 to specify that privilege and confidentiality are maintained when information is shared by certain nondepository covered persons with Federal and State financial regulators, and for other purposes.
House Bill5062113 HR 5062 ENR
113hr5062enr
113 H.R. 5062 ENR
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H. R.5062
One Hundred Thirteenth Congress of the United States of AmericaA T T H E S E C O N D S E S S I O N
Begun and held at the City of Washington on Friday, the third day of January, two thousand and fourteen
An Act
To amend the Consumer Financial Protection Act of 2010 to specify that privilege and confidentiality are maintained when information is shared by certain nondepository covered persons with Federal and State financial regulators, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE. This Act may be cited as the “Examination and Supervisory Privilege Parity Act of 2014”.
SEC. 2. PRIVILEGE OF INFORMATION SHARED BY CERTAIN NONDEPOSITORY COVERED PERSONS. Section 1024(b)(3) of the Consumer Financial Protection Act of 2010 ([12 U.S.C. 5514(b)(3)]) is amended—(1) by striking “regulators and the State bank regulatory authorities” and inserting “regulators, the State bank regulatory authorities, and the State agencies that licence, supervise, or examine the offering of consumer financial products or services”; and(2) by adding at the end the following: “The sharing of information with such regulators, authorities, and agencies shall not be construed as waiving, destroying, or otherwise affecting any privilege or confidentiality such person may claim with respect to such information under Federal or State law as to any person or entity other than such Bureau, agency, supervisor, or authority.”.
Speaker of the House of Representatives.
Vice President of the United States and President of the Senate.