INTERAGENCY INFORMATION SHARING,

SEC. 1544. INTERAGENCY INFORMATION SHARING,Section 11 of the Federal Deposit Insurance Act (12 U.S.C. 1821) is amended by adding at the end the following new subsection: “(t) Agencies May Share Information Without Waiving Privilege.— “(1) In general.— A covered agency shall not be deemed to have waived any privilege applicable to any information by transferring that information to or permitting that information to be used by— “(A) any other covered agency, in any capacity; or “(B) any other agency of the Federal Government (as defined in section 6 of title 18, United States Code). “(2) Definitions.— For purposes of this subsection: “(A) Covered agency.— The term ‘covered agency’ means any of the following: “(i) Any appropriate Federal banking agency. “(ii) The Resolution Trust Corporation. “(iii) The Farm Credit Administration. “(iv) The Farm Credit System Insurance Corporation. “(v) The National Credit Union Administration. “(B) Privilege.—The term ‘privilege’ includes any work-product, attorney-client, or other privilege recognized under Federal or State law. (3) Rule of construction.—Paragraph (1) shall not be construed as implying that any person waives any privilege applicable to any information because paragraph (1) does not apply to the transfer or use of that information.”.