Voluntary regulatory self-assessments by banks; privilege. (SB988)
Introduced By
Sen. Richard Stuart (R-Westmoreland)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Voluntary regulatory self-assessments by banks; privilege. Creates a privilege for information generated from a voluntary regulatory self-assessment conducted by a bank or its holding company, affiliates, and subsidiaries. The privilege applies to any document prepared in connection with a voluntary, self-initiated internal assessment, audit, or review of a bank and its practices, policies, and procedures or the practices, policies, and procedures of the bank's service provider. The privilege makes a self-assessment report inadmissible in any legal or investigative action in any civil or administrative proceeding and exempts it from discovery. The privilege shall not apply if it is waived; if it is determined that the privilege is being asserted for a fraudulent purpose or that the report was prepared to avoid disclosure of information in a proceeding that was underway at the time of its preparation, or it is found that a condition exists that demonstrates imminent and substantial harm to bank customers or consumers; or if it involves information in the possession of a bank regulator and is subject to public disclosure. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/08/2013 | Prefiled and ordered printed; offered 01/09/13 |
01/08/2013 | Prefiled and ordered printed; offered 01/09/13 13103323D |
01/08/2013 | Referred to Committee on Commerce and Labor |
01/13/2013 | Impact statement from SCC (SB988) |
01/28/2013 | Reported from Commerce and Labor with substitute (14-Y 0-N) (see vote tally) |
01/28/2013 | Committee substitute printed 13104359D-S1 |
01/30/2013 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
01/30/2013 | Impact statement from SCC (SB988S1) |
01/31/2013 | Read second time |
01/31/2013 | Reading of substitute waived |
01/31/2013 | Committee substitute agreed to 13104359D-S1 |
01/31/2013 | Engrossed by Senate - committee substitute SB988S1 |
02/01/2013 | Bills placed in block (39-Y 0-N) (see vote tally) |
02/01/2013 | Read third time and passed Senate (39-Y 0-N) (see vote tally) |
02/06/2013 | Placed on Calendar |
02/06/2013 | Read first time |
02/06/2013 | Referred to Committee on Commerce and Labor |
02/12/2013 | Reported from Commerce and Labor (22-Y 0-N) (see vote tally) |
02/14/2013 | Read second time |
02/15/2013 | Read third time |
02/15/2013 | Passed House BLOCK VOTE (100-Y 0-N) |
02/15/2013 | VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally) |
02/20/2013 | Enrolled |
02/20/2013 | Bill text as passed Senate and House (SB988ER) |
02/20/2013 | Signed by Speaker |
02/21/2013 | Impact statement from SCC (SB988ER) |
02/21/2013 | Signed by President |
03/12/2013 | G Approved by Governor-Chapter 148 (effective 7/1/13) |
03/12/2013 | G Acts of Assembly Chapter text (CHAP0148) |