(a) In general(1) Employees of depository institutionsNo insured depository institution may discharge or otherwise discriminate against any employee with respect to compensation, terms, conditions, or privileges of employment because the employee (or any person acting pursuant to the request of the employee) provided information to any Federal banking agency or to the Attorney General regarding—(A) a possible violation of any law or regulation; or
(B) gross mismanagement, a gross waste of funds, an abuse of authority, or a substantial and specific danger to public health or safety;
by the depository institution or any director, officer, or employee of the institution.
(2) Employees of banking agenciesNo Federal banking agency, Federal home loan bank, Federal reserve bank, or any person who is performing, directly or indirectly, any function or service on behalf of the Corporation may discharge or otherwise discriminate against any employee with respect to compensation, terms, conditions, or privileges of employment because the employee (or any person acting pursuant to the request of the employee) provided information to any such agency or bank or to the Attorney General regarding any possible violation of any law or regulation, gross mismanagement, a gross waste of funds, an abuse of authority, or a substantial and specific danger to public health or safety by—(A) any depository institution or any such bank or agency;
(B) any director, officer, or employee of any depository institution or any such bank;
(C) any officer or employee of the agency which employs such employee; or
(D) the person, or any officer or employee of the person, who employs such employee.
(b) EnforcementAny employee or former employee who believes he has been discharged or discriminated against in violation of subsection (a) may file a civil action in the appropriate United States district court before the close of the 2-year period beginning on the date of such discharge or discrimination. The complainant shall also file a copy of the complaint initiating such action with the appropriate Federal banking agency.
(c) RemediesIf the district court determines that a violation of subsection (a) has occurred, it may order the depository institution, Federal home loan bank, Federal Reserve bank, or Federal banking agency which committed the violation—(1) to reinstate the employee to his former position;
(2) to pay compensatory damages; or
(3) take other appropriate actions to remedy any past discrimination.
(d) LimitationThe protections of this section shall not apply to any employee who—(1) deliberately causes or participates in the alleged violation of law or regulation; or
(2) knowingly or recklessly provides substantially false information to such an agency or the Attorney General.
(e) “Federal banking agency” definedFor purposes of subsections (a) and (c), the term “Federal banking agency” means the Corporation, the Board of Governors of the Federal Reserve System, the Federal Housing Finance Agency and the Comptroller of the Currency.
(f) Burdens of proofThe legal burdens of proof that prevail under subchapter III of chapter 12 of title 5 shall govern adjudication of protected activities under this section.
Structure US Code
CHAPTER 16— FEDERAL DEPOSIT INSURANCE CORPORATION
§ 1811. Federal Deposit Insurance Corporation
§ 1814. Insured depository institutions
§ 1816. Factors to be considered
§ 1818. Termination of status as insured depository institution
§ 1820. Administration of Corporation
§ 1820a. Examination of investment companies
§ 1821a. FSLIC Resolution Fund
§ 1822. Corporation as receiver
§ 1825. Issuance of notes, debentures, bonds, and other obligations; exemptions
§ 1826. Forms of obligations; preparation by Secretary of the Treasury
§ 1828. Regulations governing insured depository institutions
§ 1828a. Prudential safeguards
§ 1828b. Interagency data sharing
§ 1829. Penalty for unauthorized participation by convicted individual
§ 1829a. Participation by State nonmember insured banks in lotteries and related activities
§ 1829b. Retention of records by insured depository institutions
§ 1829c. Making online banking initiation legal and easy
§ 1831. Separability of certain provisions of this chapter
§ 1831a. Activities of insured State banks
§ 1831b. Disclosures with respect to certain federally related mortgage loans
§ 1831c. Assuring consistent oversight of subsidiaries of holding companies
§ 1831d. State-chartered insured depository institutions and insured branches of foreign banks
§ 1831e. Activities of savings associations
§ 1831j. Depository institution employee protection remedy
§ 1831k. Reward for information leading to recoveries or civil penalties
§ 1831l. Coordination of risk analysis between SEC and Federal banking agencies
§ 1831m. Early identification of needed improvements in financial management
§ 1831m–1. Reports of information regarding safety and soundness of depository institutions
§ 1831n. Accounting objectives, standards, and requirements
§ 1831o. Prompt corrective action
§ 1831p–1. Standards for safety and soundness
§ 1831q. FDIC affordable housing program
§ 1831r. Payments on foreign deposits prohibited
§ 1831r–1. Notice of branch closure
§ 1831t. Depository institutions lacking Federal deposit insurance
§ 1831u. Interstate bank mergers
§ 1831v. Authority of State insurance regulator and Securities and Exchange Commission
§ 1831w. Safety and soundness firewalls applicable to financial subsidiaries of banks
§ 1831x. Insurance customer protections
§ 1831y. CRA sunshine requirements
§ 1831aa. Enforcement of agreements
§ 1831bb. Capital requirements for certain acquisition, development, or construction loans
§ 1831dd. Open data publication
§ 1832. Withdrawals by negotiable or transferable instruments for transfers to third parties
§ 1833b. Comparability in compensation schedules
§ 1833c. Comptroller General audit and access to records
§ 1834. Reduced assessment rate for deposits attributable to lifeline accounts
§ 1834a. Assessment credits for qualifying activities relating to distressed communities