The bill amends R.S. 6:333(F)(13) to enhance the disclosure of financial records by banks and their affiliates. It specifically authorizes the disclosure of such records in response to subpoenas or court orders related to federal or state grand jury proceedings, as well as those issued by the state inspector general or designated staff members. This change aims to clarify the circumstances under which financial records can be disclosed, ensuring compliance with applicable federal and state laws.

Additionally, the bill removes the provision that allowed for disclosures in connection with state criminal investigations under the Code of Criminal Procedure Article 66. This deletion streamlines the legal framework governing financial record disclosures, focusing on grand jury proceedings and oversight by the state inspector general, thereby reinforcing the accountability of financial institutions in legal matters.

Statutes affected:
SB92 Original: 6:333(F)(13)
SB92 Engrossed: 6:333(F)(13)
SB92 Enrolled: 6:333(F)(13)
SB92 Act : 6:333(F)(13)