S.2099 - A bill to amend the Federal Deposit Insurance Act with respect to information provided to the Bureau of Consumer Financial Protection.112th Congress (2011-2012)
|Sponsor:||Sen. Johnson, Tim [D-SD] (Introduced 02/09/2012)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||02/09/2012 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.|
|Notes:||For further action, see H.R.4014, which became Public Law 112-215 on 12/20/2012.|
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- Finance and Financial Sector
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Summary: S.2099 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in Senate (02/09/2012)
Amends the Federal Deposit Insurance Act to make the Consumer Financial Protection Bureau (CFPB) a "covered agency" that may share information with another covered agency or any other federal agency without waiving any privilege applicable to the information.
Prohibits information submitted to the CFPB in the course of its supervisory or regulatory process from being construed as waiving, destroying, or affecting any privilege that may be claimed with respect to such information under federal or state law as to any person or entity other than the CFPB, another federal banking agency, a state bank supervisor, or a foreign banking authority.