WHISTLEBLOWER PROTECTION FOR EMPLOYEES OF FINANCIAL INSTITUTIONS OTHER THAN DEPOSITORY INSTITUTIONS.

SEC. 1563. WHISTLEBLOWER PROTECTION FOR EMPLOYEES OF FINANCIAL INSTITUTIONS OTHER THAN DEPOSITORY INSTITUTIONS. (a) In General.—Subchapter II of chapter 53 of title 31, United States Code, is amended by inserting after section 5327 (as added by section 1511(a) of this title) the following new section: “ 5328. Whistleblower protections “(a) Prohibition Against Discrimination.—No financial institution may discharge or otherwise discriminate against any employee with respect to compensation, terms, conditions, or privileges of employment because the employee (or any person acting pursuant to the request of the employee) provided information to the Secretary of the Treasury, the Attorney General, or any Federal supervisory agency regarding a possible violation of any provision of this subchapter or section 1956, 1957, or 1960 of title 18, or any regulation under any such provision, by the financial 106 STAT. 4073institution or any director, officer, or employee of the financial institution. “(b) Enforcement.—Any employee or former employee who believes that such employee has been discharged or discriminated against in violation of subsection (a) may file a civil action in the appropriate United States district court before the end of the 2-year period beginning on the date of such discharge or discrimination. “(c) Remedies.— If the district court determines that a violation has occurred, the court may order the financial institution which committed the violation to— “(1) reinstate the employee to the employee’s former position; “(2) pay compensatory damages; or “(3) take other appropriate actions to remedy any past discrimination. “(d) Limitation.— The protections of this section shall not apply to any employee who— “(1) deliberately causes or participates in the alleged violation of law or regulation; or “(2) knowingly or recklessly provides substantially false information to the Secretary, the Attorney General, or any Federal supervisory agency. “(e) Coordination With Other Provisions of Law.—This section shall not apply with respect to any financial institution which is subject to section 33 of the Federal Deposit Insurance Act, section 213 of the Federal Credit Union Act, or section 21A(q) of the Home Owners’ Loan Act (as added by section 261(c) of the Federal Deposit Insurance Corporation Improvement Act of 1991).” (b) Clerical Amendment.— The table of sections for chapter 53 of title 31, United States Code, is amended by inserting after the item relating to section 5327 (as added by section 1511(c) of this Act) the following new item: “5328. Whistleblower protections.”.