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 related to state criminal investigations under Code of Criminal Procedure Article 66. By doing so, it streamlines the legal framework governing financial record disclosures, focusing on grand jury proceedings and oversight by the state inspector general. This legislative update is intended to improve transparency and accountability in banking practices while maintaining necessary legal protections.

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)