(a) Prohibition Against Discrimination.— No financial institution or nonfinancial trade or business 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
1960 of title
18, or any regulation under any such provision, by the financial institution or nonfinancial trade or business or any director, officer, or employee of the financial institution or nonfinancial trade or business.
(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 or nonfinancial trade or business 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 or nonfinancial trade or business 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 251(c) of the Federal Deposit Insurance Corporation Improvement Act of 1991).
Section 33 of the Federal Deposit Insurance Act, referred to in subsec. (e), is classified to section
1831j of Title
12, Banks and Banking.
Section 213 of the Federal Credit Union Act, referred to in subsec. (e), is classified to section
1790b of Title
12, Banks and Banking.
Section 21A(q) of the Home Owners’ Loan Act, referred to in subsec. (e), probably means section 21A(q) of the Federal Home Loan Bank Act, which was classified to former section
1441a(q) of Title
12, Banks and Banking, prior to repeal by Pub. L. 111–203, title III, § 364(b),July 21, 2010, 124 Stat. 1555.
2001—Subsecs. (a), (c), (e). Pub. L. 107–56inserted “or nonfinancial trade or business” after “financial institution” wherever appearing.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.