I 
112TH CONGRESS 
2D SESSION 
H. R. 6125 
To amend the Federal Deposit Insurance Act and the Federal Credit Union 
Act with respect to privilege of information provided to Federal and 
State agencies, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 12, 2012 
Mr. RENACCI (for himself and Mr. PERLMUTTER) introduced the following 
bill; which was referred to the Committee on Financial Services 
A BILL 
To amend the Federal Deposit Insurance Act and the Fed-
eral Credit Union Act with respect to privilege of infor-
mation provided to Federal and State agencies, and for 
other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. PRIVILEGE AND CONFIDENTIALITY OF INFOR-
MATION PROVIDED TO REGULATORS. 
(a) FEDERAL DEPOSIT INSURANCE ACT.—The Fed-
eral Deposit Insurance Act (12 U.S.C. 1811 et seq.) is 
amended— 
(1) in section 11(t) (12 U.S.C. 1821(t))— 
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(A) in paragraph (1), by inserting ‘‘or con-
fidentiality’’ after ‘‘privilege’’; 
(B) in paragraph (2)— 
(i) in subparagraph (A)— 
(I) by inserting after clause (v) 
the following: 
‘‘(vi) The Bureau of Consumer Finan-
cial Protection.’’; and 
(II) by adding at the end the fol-
lowing: 
‘‘(viii) State bank and financial com-
pany supervisors. 
‘‘(ix) Any licensing and registry sys-
tem established under section 1502 or sec-
tion 1509 of the Secure and Fair Enforce-
ment for Mortgage Licensing Act of 2008 
(12 U.S.C. 5101 et seq.).’’; and 
(ii) by adding at the end the fol-
lowing: 
‘‘(C) STATE BANK AND FINANCIAL COM-
PANY SUPERVISOR.—The term ‘State bank and 
financial company supervisor’ means— 
‘‘(i) a State bank supervisor; or 
‘‘(ii) any agency of a State which li-
censes, supervises, or examines the offering 
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of consumer financial products or services 
provided by persons subject to the regu-
latory or supervisory authority of the Bu-
reau of Consumer Financial Protection.’’; 
and 
(C) in paragraph (3), by inserting ‘‘or con-
fidentiality’’ after ‘‘privilege’’; 
(2) in section 18(x)— 
(A) in paragraph (1)— 
(i) by inserting ‘‘the Bureau of Con-
sumer Financial Protection,’’ before ‘‘any 
Federal banking agency’’; 
(ii) by striking ‘‘State bank super-
visor’’ and inserting ‘‘State bank and fi-
nancial company supervisor (as defined 
under section 11(t)(2)), licensing and reg-
istry system established under section 
1502 or section 1509 of the Secure and 
Fair Enforcement for Mortgage Licensing 
Act of 2008 (12 U.S.C. 5101 et seq.)’’; 
and 
(iii) by striking ‘‘such agency’’ each 
place such term appears and inserting 
‘‘such Bureau, agency, system’’; 
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(iv) by inserting ‘‘or confidentiality’’ 
after ‘‘privilege’’; and 
(B) in paragraph (2)— 
(i) by inserting ‘‘or confidentiality’’ 
after ‘‘privilege’’ each place such term ap-
pears; and 
(ii) in subparagraph (B)— 
(I) by inserting ‘‘the Bureau of 
Consumer Financial Protection,’’ be-
fore ‘‘any Federal banking agency’’; 
and 
(II) by striking ‘‘State bank su-
pervisor’’ and inserting ‘‘State bank 
and financial company supervisor, li-
censing and registry system estab-
lished under section 1502 or section 
1509 of the Secure and Fair Enforce-
ment for Mortgage Licensing Act of 
2008 (12 U.S.C. 5101 et seq.)’’. 
(b) FEDERAL CREDIT UNION ACT.—Section 205(j) 
of the Federal Credit Union Act (12 U.S.C. 1785(j)) is 
amended— 
(1) by inserting ‘‘or confidentiality’’ after 
‘‘privilege’’ each place such term appears; and 
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(2) by inserting ‘‘the Bureau of Consumer Fi-
nancial Protection,’’ before ‘‘the Administration’’ 
each place such term appears. 
Æ 
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