[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5062 Enrolled Bill (ENR)]
H.R.5062
One Hundred Thirteenth Congress
of the
United States of America
AT THE SECOND SESSION
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.