15 U.S. Code § 57b–2b - Protection for voluntary provision of information
(a)
In general
(1)
No liability for providing certain material
An entity described in paragraphs (2) or (3) of subsection (d) that voluntarily provides material to the Commission that such entity reasonably believes is relevant to—
(B)
assets subject to recovery by the Commission, including assets located in foreign jurisdictions;
shall not be liable to any person under any law or regulation of the United States, or under the constitution, or any law or regulation, of any State, political subdivision of a State, territory of the United States, or the District of Columbia, for such provision of material or for any failure to provide notice of such provision of material or of intention to so provide material.
(b)
Certain financial institutions
An entity described in paragraph (1) of subsection (d) shall, in accordance with section
5318
(g)(3) of title
31, be exempt from liability for making a voluntary disclosure to the Commission of any possible violation of law or regulation, including—
(c)
Consumer complaints
Any entity described in subsection (d) that voluntarily provides consumer complaints sent to it, or information contained therein, to the Commission shall not be liable to any person under any law or regulation of the United States, or under the constitution, or any law or regulation, of any State, political subdivision of a State, territory of the United States, or the District of Columbia, for such provision of material or for any failure to provide notice of such provision of material or of intention to so provide material. This subsection shall not provide any exemption from liability for the underlying conduct.
(d)
Application
This section applies to the following entities, whether foreign or domestic:
(2)
To the extent not included in paragraph (1), a bank or thrift institution, a commercial bank or trust company, an investment company, a credit card issuer, an operator of a credit card system, and an issuer, redeemer, or cashier of travelers’ checks, money orders, or similar instruments.
Source
(Sept. 26, 1914, ch. 311, § 21B, as added Pub. L. 109–455, § 8,Dec. 22, 2006, 120 Stat. 3380.)
Repeal of Section
For repeal of section by section 13 ofPub. L. 109–455, see Effective Date of Repeal note below.
Effective Date of Repeal
Section repealed effective Sept. 30, 2020, see section 13 ofPub. L. 109–455, as amended by section 1 ofPub. L. 112–203, set out as a Termination Date of 2006 Amendment note under section
44 of this title.
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