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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.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. SHORT TITLE.

4 This Act may be cited as the ‘‘Financial Institution

5 Regulator Whistleblower Protection Act of 1993’’.

6 SEC. 2. WHISTLEBLOWER PROTECTIONS.

7 (a) ADDITIONAL COVERAGE ESTABLISHED.—Section

8 33(a) of the Federal Deposit Insurance Act (12 U.S.C.

9 1831j(a)) is amended to read as follows:

10 ‘‘(a) IN GENERAL.—
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1 ‘‘(1) EMPLOYEES OF DEPOSITORY INSTITU2 TIONS.—No insured depository institution may dis3 charge or otherwise discriminate against any em4 ployee with respect to compensation, terms, condi5 tions, or privileges of employment because the em6 ployee (or any person acting pursuant to the request

7 of the employee) provided information to any Fed8 eral banking agency or to the Attorney General re9 garding any possible violation of any law or regula10 tion by the depository institution or any director, of11 ficer, or employee of the institution.

12 ‘‘(2) EMPLOYEES OF BANKING AGENCIES.—No

13 Federal banking agency, Federal home loan bank, or

14 Federal Reserve bank may discharge or otherwise

15 discriminate against any employee with respect to

16 compensation, terms, conditions, or privileges of em17 ployment because the employee (or any person act18 ing pursuant to the request of the employee) pro19 vided information to any such agency or bank or to

20 the Attorney General regarding any possible viola21 tion of any law or regulation by—

22 ‘‘(A) any depository institution or any such

23 bank or agency;

24 ‘‘(B) any director, officer, or employee of

25 any depository institution or any such bank; or
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1 ‘‘(C) any officer or employee of the agency

2 which employs such employee.’’.

3 (b) TECHNICAL AND CONFORMING AMENDMENT.—

4 Section 33(c) of the Federal Deposit Insurance Act (12

5 U.S.C. 1831j(c)) is amended by inserting ‘‘, Federal home

6 loan bank, Federal Reserve bank, or Federal banking

7 agency’’ after ‘‘depository institution’’.

8 (c) DEFINITION.—Section 33 of the Federal Deposit

9 Insurance Act (12 U.S.C. 1831j) is amended by adding

10 at the end the following new subsection:

11 ‘‘(e) FEDERAL BANKING AGENCY DEFINED.—For

12 purposes of subsections (a) and (c), the term ‘Federal

13 banking agency’ means the Corporation, the Board of

14 Governors of the Federal Reserve System, the Federal

15 Housing Finance Board, the Comptroller of the Currency,

16 and the Director of the Office of Thrift Supervision.’’.

17 ‘‘(d) EFFECTIVE DATE.—Paragraph (2) of section

18 33(a) of the Federal Deposit Insurance Act (as added

19 under the amendment made by subsection (a)) shall be

20 treated as having taken effect on January 1, 1989, and

21 for purposes of any cause of action arising under such

22 paragraph (as so effective) before the date of the enact23 ment of this Act, the two-year period referred to in section

24 33(b) of such Act shall be deemed to begin on such date

25 of enactment.
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