The bill amends R.S. 6:333(F)(13) to expand the circumstances under which banks and their affiliates can disclose financial records. Specifically, it allows for the disclosure of financial records not only in response to subpoenas or court orders related to federal or state grand jury proceedings but also includes subpoenas issued by the state inspector general or designated staff members.

Additionally, the bill removes the provision that permitted disclosures in connection with state criminal investigations under the Code of Criminal Procedure Article 66. This change aims to clarify the legal framework surrounding the disclosure of financial records by banks, ensuring compliance with applicable federal and state laws while enhancing oversight by the state inspector general.

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)