§1828b Interagency data sharing

Summary

Federal banking regulators must give the Attorney General and the Federal Trade Commission any data they have that those antitrust agencies need to review a merger or other transaction that must be noticed to or approved by those agencies under section 1842 or 1843, section 1828(c), the National Bank Consolidation and Merger Act [12 U.S.C. 215 et seq.], section 1467a, or the antitrust laws, unless another law forbids sharing it. Any information shared this way must be kept confidential. If an agency plans to give the information to a third party, it must first give written notice to the agency that provided it and let that agency object or ask limits. Sharing does not waive legal privileges. Authorized congressional committees and the Comptroller General may still see the information. The same confidentiality rules apply to data shared between federal banking agencies and to exam reports or other confidential supervisory information a federal agency gave to a state agency or other person.