Pub. L. 109-351, tit. VII, sec. 707

INTERAGENCY DATA SHARING.

EnactedYear: 2006Length: 343 wordsOfficial source
SEC. 707. INTERAGENCY DATA SHARING.(a) Federal Banking Agencies.—Section 7(a)(2) of the Federal Deposit Insurance Act (12 U.S.C. 1817(a)(2)) is amended by adding at the end the following:“(C) Data sharing with other agencies and persons.—In addition to reports of examination, reports of condition, and other reports required to be regularly provided to the Corporation (with respect to all insured depository institutions, including a depository institution for which the Corporation has been appointed conservator or receiver) or an appropriate State bank supervisor (with respect to a State depository institution) under subparagraph (A) or (B), a Federal banking agency may, in the discretion of the agency, furnish any report of examination or other confidential supervisory information concerning any depository institution or other entity examined by such agency under authority of any Federal law, to—“(i) any other Federal or State agency or authority with supervisory or regulatory authority over the depository institution or other entity;“(ii) any officer, director, or receiver of such depository institution or entity; and“(iii) any other person that the Federal banking agency determines to be appropriate.”.(b) National Credit Union Administration.—Section 202(a) of the Federal Credit Union Act (12 U.S.C. 1782(a)) is amended by adding at the end the following:120 STAT. 1988 “(8) Data sharing with other agencies and persons.—In addition to reports of examination, reports of condition, and other reports required to be regularly provided to the Board (with respect to all insured credit unions, including a credit union for which the Corporation has been appointed conservator or liquidating agent) or an appropriate State commission, board, or authority having supervision of a State-chartered credit union, the Board may, in the discretion of the Board, furnish any report of examination or other confidential supervisory information concerning any credit union or other entity examined by the Board under authority of any Federal law, to—“(A) any other Federal or State agency or authority with supervisory or regulatory authority over the credit union or other entity;“(B) any officer, director, or receiver of such credit union or entity; and“(C) any other person that the Board determines to be appropriate.”.