Page:United States Statutes at Large Volume 120.djvu/3412

 PUBLIC LAW 109–455—DEC. 22, 2006

120 STAT. 3381

or of intention to so provide material. This subsection shall not provide any exemption from liability for the underlying conduct. ‘‘(d) APPLICATION.—This section applies to the following entities, whether foreign or domestic: ‘‘(1) A financial institution as defined in section 5312 of title 31, United States Code. ‘‘(2) To the extent not included in paragraph (1), a bank or thrift institution, a commercial bank or trust company, an investment company, a credit card issuer, an operator of a credit card system, and an issuer, redeemer, or cashier of travelers’ checks, money orders, or similar instruments. ‘‘(3) A courier service, a commercial mail receiving agency, an industry membership organization, a payment system provider, a consumer reporting agency, a domain name registrar or registry acting as such, and a provider of alternative dispute resolution services. ‘‘(4) An Internet service provider or provider of telephone services.’’. SEC. 9. STAFF EXCHANGES.

The Federal Trade Commission Act (15 U.S.C. 41 et seq.) is amended by adding after section 25 the following new section: ‘‘SEC. 25A. STAFF EXCHANGES.

15 USC 57c–1.

‘‘(a) IN GENERAL.—The Commission may— ‘‘(1) retain or employ officers or employees of foreign government agencies on a temporary basis as employees of the Commission pursuant to section 2 of this Act or section 3101 or section 3109 of title 5, United States Code; and ‘‘(2) detail officers or employees of the Commission to work on a temporary basis for appropriate foreign government agencies. ‘‘(b) RECIPROCITY AND REIMBURSEMENT.—The staff arrangements described in subsection (a) need not be reciprocal. The Commission may accept payment or reimbursement, in cash or in kind, from a foreign government agency to which this section is applicable, or payment or reimbursement made on behalf of such agency, for expenses incurred by the Commission, its members, and employees in carrying out such arrangements. ‘‘(c) STANDARDS OF CONDUCT.—A person appointed under subsection (a)(1) shall be subject to the provisions of law relating to ethics, conflicts of interest, corruption, and any other criminal or civil statute or regulation governing the standards of conduct for Federal employees that are applicable to the type of appointment.’’. SEC. 10. INFORMATION SHARING WITH FINANCIAL REGULATORS.

Section 1112(e) of the Right to Financial Privacy Act of 1978 (12 U.S.C. 3412(e)) is amended by inserting ‘‘the Federal Trade Commission,’’ after ‘‘the Securities and Exchange Commission,’’. SEC. 11. AUTHORITY TO ACCEPT REIMBURSEMENTS.

The Federal Trade Commission Act (15 U.S.C. 41 et seq.) is amended— (1) by redesignating section 26 as section 28; and (2) by inserting after section 25A, as added by section 9 of this Act, the following:

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