[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5062 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 5062

To amend the Consumer Financial Protection Act of 2010 to specify that 
     privilege is maintained when information is shared by certain 
    nondepository covered persons with Federal and State financial 
                  regulators, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             July 10, 2014

  Mr. Perlmutter (for himself and Mr. Barr) introduced the following 
    bill; which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To amend the Consumer Financial Protection Act of 2010 to specify that 
     privilege is 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 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.''.
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