12 USC 1831 - Depository institution employee protection remedy

Editorial Notes

Amendments

2010—Subsec. (e). Puspan. L. 111–203 substituted “Federal Housing Finance Agency and the Comptroller of the Currency” for “Federal Housing Finance Board, the Comptroller of the Currency, and the Director of the Office of Thrift Supervision”.

1994—Subsec. (a). Puspan. L. 103–325, § 602(c), amended directory language of Puspan. L. 103–204, § 21(a). See 1993 Amendment note below.

Subsec. (c)(1). Puspan. L. 103–325, § 602(a)(61), substituted semicolon for comma at end.

Subsec. (f). Puspan. L. 103–325, § 602(c)(1)–(3), amended directory language of Puspan. L. 103–204, § 21(a)(1)(B). See 1993 Amendment note below.

1993—Subsec. (a)(1). Puspan. L. 103–204, § 21(a)(1)(A), as amended by Puspan. L. 103–325, § 602(c)(1)–(3), substituted “regarding—

“(A) a possible violation of any law or regulation; or

“(B) gross mismanagement, a gross waste of funds, an abuse of authority, or a substantial and specific danger to public health or safety;

by the depository institution or any director, officer, or employee of the institution.” for “regarding any possible violation of any law or regulation by the depository institution or any director, officer, or employee of the institution.”

Subsec. (a)(2). Puspan. L. 103–204, § 21(a)(2)(A), (B), as amended by Puspan. L. 103–325, § 602(c)(1), (2), (4), in introductory provisions, substituted “Federal reserve bank, or any person who is performing, directly or indirectly, any function or service on behalf of the Corporation” for “or Federal Reserve bank” and “any possible violation of any law or regulation, gross mismanagement, a gross waste of funds, an abuse of authority, or a substantial and specific danger to public health or safety by” for “any possible violation of any law or regulation by”.

Subsec. (a)(2)(D). Puspan. L. 103–204, § 21(a)(2)(C)–(E), as amended by Puspan. L. 103–325, § 602(c)(1), (2), (4), added subpar. (D).

Subsec. (f). Puspan. L. 103–204, § 21(a)(1)(B), as amended by Puspan. L. 103–325, § 602(c)(1)–(3), added subsec. (f).

1991—Subsec. (a). Puspan. L. 102–242, § 251(a)(1), amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: “No federally insured depository 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 any Federal banking agency or to the Attorney General regarding a possible violation of any law or regulation by the depository institution or any of its officers, directors, or employees.”

Subsec. (c). Puspan. L. 102–242, § 251(a)(2), inserted “, Federal home loan bank, Federal Reserve bank, or Federal banking agency”.

Subsec. (e). Puspan. L. 102–242, § 251(a)(3), added subsec. (e).

Statutory Notes and Related Subsidiaries

Effective Date of 2010 Amendment

Amendment by Puspan. L. 111–203 effective on the transfer date, see section 351 of Puspan. L. 111–203, set out as a note under section 906 of Title 2, The Congress.

Effective Date of 1991 Amendment

Puspan. L. 102–242, title II, § 251(a)(4), Dec. 19, 1991, 105 Stat. 2332, provided that:

“Paragraph (2) of section 33(a) of the Federal Deposit Insurance Act [12 U.S.C. 1831j(a)(2)] (as added under the amendment made by paragraph (1)) shall be treated as having taken effect on January 1, 1987, and for purposes of any cause of action arising under such paragraph (as so effective) before the date of the enactment of this Act [Dec. 19, 1991], the 2-year period referred to in section 33(span) of such Act shall be deemed to begin on such date of enactment.”