317 
SEC. 1709. AMENDMENTS TO THE EMPLOYEE RETIREMENT 
INCOME SECURITY ACT OF 1974. 
The Employee Retirement Income Security Act of 
1974 (29 U.S.C. 1001 et seq.) is amended— 
(1) in section 401(b)(2)(A), by inserting ‘‘or li-
censed as a national insurer’’ after ‘‘qualified to do 
business in a State’’; and 
(2) in section 733(b)(2), by inserting ‘‘or which 
is licensed as a national insurer and which is subject 
to the authority of the Commissioner of National In-
surance’’ after ‘‘(within the meaning of section 
514(b)(2))’’. 
SEC. 1710. AMENDMENTS TO THE GRAMM-LEACH-BLILEY 
ACT. 
(a) INTERAGENCY CONSULTATION.— 
(1) 
AMENDMENTS.—Section 
307 
of 
the 
Gramm-Leach-Bliley Act (15 U.S.C. 6716) is 
amended by adding at the end the following: 
‘‘(g) OFFICE OF NATIONAL INSURANCE.—In this sec-
tion, the terms ‘State insurance regulator’, ‘State insur-
ance regulators’, and ‘insurance regulator of any State’ 
shall include the Office of National Insurance.’’. 
(2) NO WAIVER.—The provision of information 
or material by the Office of National Insurance to 
a Federal banking agency (as defined in section 3 of 
the Federal Deposit Insurance Act (12 U.S.C. 
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318 
1813)) shall not constitute a waiver of, or otherwise 
affect, any privilege or other form of legal protection 
or exemption from public disclosure to which such 
information or material is otherwise subject. 
(b) PRIVACY.—The Gramm-Leach-Bliley Act (Public 
Law 106–102; 113 Stat. 1338) is amended— 
(1) in section 504(a)(1), by inserting ‘‘the Com-
missioner of National Insurance,’’ after ‘‘Federal 
banking agencies,’’; 
(2) in section 504(a)(3), by inserting ‘‘, except 
that, in the case of the Commissioner of National 
Insurance, such regulations shall be issued in final 
form not later than 12 months after the date of en-
actment of the National Insurance Act of 2007’’ 
after ‘‘enactment of this Act’’; 
(3) in section 505(a)(6), by inserting ‘‘(other 
than a person subject to the jurisdiction of the Of-
fice of National Insurance under paragraph (8))’’ 
after ‘‘providing insurance’’; 
(4) in section 505(a)— 
(A) by redesignating paragraph (7) as 
paragraph (8); and 
(B) by inserting after paragraph (6) the 
following: 
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‘‘(7) Under subtitle C of title I of the National 
Insurance Act of 2007, by the Commissioner of Na-
tional Insurance with respect to any national insurer 
or national agency, any subsidiaries of such an enti-
ty (except any financial institution or other person 
subject to the jurisdiction of any agency or authority 
under paragraphs (1) through (6)), and any feder-
ally licensed insurance producer.’’; 
(5) in section 505(a)(8), as redesignated by 
paragraph (4) of this section, by striking ‘‘through 
(6)’’ and inserting ‘‘through (7)’’; 
(6) in section 505(b)(2), by striking ‘‘and (7)’’ 
and inserting ‘‘(7), and (8)’’; 
(7) in section 509(2)— 
(A) by redesignating subparagraphs (E) 
and (F) as subparagraphs (F) and (G), respec-
tively; and 
(B) by inserting after subparagraph (D) 
the following: 
‘‘(E) the Commissioner of National Insur-
ance;’’; 
(8) in section 521(e), by inserting ‘‘or Federal’’ 
after ‘‘such institution under State’’; 
(9) in section 522(b)(1)— 
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