[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1342 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 1342

    To provide financial institution regulators with whistleblower 
                              protection.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 16, 1993

  Mrs. Byrne introduced the following bill; which was referred to the 
            Committee on Banking, Finance and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
    To provide financial institution regulators with whistleblower 
                              protection.

    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 ``Financial Institution Regulator 
Whistleblower Protection Act of 1993''.

SEC. 2. WHISTLEBLOWER PROTECTIONS.

    (a) Additional Coverage Established.--Section 33(a) of the Federal 
Deposit Insurance Act (12 U.S.C. 1831j(a)) is amended to read as 
follows:
    ``(a) In General.--
            ``(1) Employees of depository institutions.--No insured 
        depository institution may discharge or otherwise discriminate 
        against any employee with respect to compensation, terms, 
        conditions, or privileges of employment because the employee 
        (or any person acting pursuant to the request of the employee) 
        provided information to any Federal banking agency or to the 
        Attorney General regarding any possible violation of any law or 
        regulation by the depository institution or any director, 
        officer, or employee of the institution.
            ``(2) Employees of banking agencies.--No Federal banking 
        agency, Federal home loan bank, or Federal Reserve bank may 
        discharge or otherwise discriminate against any employee with 
        respect to compensation, terms, conditions, or privileges of 
        employment because the employee (or any person acting pursuant 
        to the request of the employee) provided information to any 
        such agency or bank or to the Attorney General regarding any 
        possible violation of any law or regulation by--
                    ``(A) any depository institution or any such bank 
                or agency;
                    ``(B) any director, officer, or employee of any 
                depository institution or any such bank; or
                    ``(C) any officer or employee of the agency which 
                employs such employee.''.
    (b) Technical and Conforming Amendment.--Section 33(c) of the 
Federal Deposit Insurance Act (12 U.S.C. 1831j(c)) is amended by 
inserting ``, Federal home loan bank, Federal Reserve bank, or Federal 
banking agency'' after ``depository institution''.
    (c) Definition.--Section 33 of the Federal Deposit Insurance Act 
(12 U.S.C. 1831j) is amended by adding at the end the following new 
subsection:
    ``(e) Federal Banking Agency Defined.--For purposes of subsections 
(a) and (c), the term `Federal banking agency' means the Corporation, 
the Board of Governors of the Federal Reserve System, the Federal 
Housing Finance Board, the Comptroller of the Currency, and the 
Director of the Office of Thrift Supervision.''.
    ``(d) Effective Date.--Paragraph (2) of section 33(a) of the 
Federal Deposit Insurance Act (as added under the amendment made by 
subsection (a)) shall be treated as having taken effect on January 1, 
1989, and for purposes of any cause of action arising under such 
paragraph (as so effective) before the date of the enactment of this 
Act, the two-year period referred to in section 33(b) of such Act shall 
be deemed to begin on such date of enactment.

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