[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 2055 Introduced in Senate (IS)]

112th CONGRESS
  2d Session
                                S. 2055

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            February 1, 2012

  Mr. Shelby (for himself, Mr. Crapo, and Mr. Wicker) introduced the 
 following bill; which was read twice and referred to the Committee on 
                  Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 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.''.
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