AMENDMENT TO THE RIGHT TO FINANCIAL PRIVACY ACT OF 1978.

SEC. 14205. AMENDMENT TO THE RIGHT TO FINANCIAL PRIVACY ACT OF 1978. Section 1113(k) of the Right to Financial Privacy Act of 1978 (12 U.S.C. 3413(k)) is amended—(1) by striking the subsection heading and inserting the following:“(k) Disclosure Necessary for Proper Administration of Programs of Certain Government Authorities.—”; and(2) by striking paragraph (2) and inserting the following:“(2) Nothing in this title shall apply to the disclosure by the financial institution of information contained in the financial records of any customer to any Government authority that certifies, disburses, or collects payments, where the disclosure of such information is necessary to, and such information is used solely for the purpose of—“(A) verification of the identity of any person or proper routing and delivery of funds in connection with the issuance of a Federal payment or collection of funds by a Government authority; or122 STAT. 1460“(B) the investigation or recovery of an improper Federal payment or collection of funds or an improperly negotiated Treasury check.“(3) Notwithstanding any other provision of law, a request authorized by paragraph (1) or (2) (and the information contained therein) may be used by the financial institution or its agents solely for the purpose of providing information contained in the financial records of the customer to the Government authority requesting the information, and the financial institution and its agents shall be barred from redisclosure of such information. Any Government authority receiving information pursuant to paragraph (1) or (2) may not disclose or use the information, except for the purposes set forth in such paragraph.”.