PUBLIC LAW 102-550—OCT. 28, 1992 106 STAT. 4073

institution or any director, officer, or employee of the financial
institution.

"(b) ENFORCEMENT.-—Any employee or former employee who
believes that such employee 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 end of the
2-year period beginning on the date of such discharge or
discrimination.

"(c) REMEDIES.—If the district court determines that a violation
has occurred, the court may order the financial institution which
committed the violation to—

"(1) reinstate the employee to the employee's former

position;

"(2) pay compensatory damages; or

"(3) take other appropriate actions to remedy any past

discrimination.

"(d) LIMITATION.—The protections of this section shall not apply
to any employee who—

"(1) deliberately causes or participates in the alleged viola-
tion of law or regulation; or

"(2) knowingly or recklessly provides substantially false

information to the Secretary, the Attorney General, or any

Federal supervisory agency.

"(e) COORDINATION WITH OTHER PROVISIONS OP LAW.—This
section shall not apply with respect to any financial institution
which is subject to section 33 of the Federal Deposit Insurance
Act, section 213 of the Federal Credit Union Act, or section 21A(q)
of the Home Owners' Loan Act (as added by section 251(c) of
the Federal Deposit Insurance Corporation Improvement Act of
1991).".

(b) CLERICAL AMENDMENT.—The table of sections for chapter
53 of title 31, United States Code, is amended by inserting after
the item relating to section 5327 (as added by section 1511(c)
of this Act) the following new item:

"5328. Whistleblower protections.".

SEC. 1564. ADVISORY GROUP ON REPORTING REQUIREMENTS. 31 USC 5311

(a) ESTABLISHMENT.—Not later than 90 days after the date note
of the enactment of this Act, the Secretary of the Treasury shall
establish a Bank Secrecy Act Advisory Group consisting of rep-
resentatives of the Department of the Treasury, the Department

of Justice, and the Office of National Drug Control Policy and
of other interested persons and financial institutions subject to
the reporting requirements of subchapter II of chapter 53 of title
31, United states Code, or section 60501 of the Internal Revenue
Code of 1986.

(b) PURPOSES.—The Advisory Group shall provide a means
by which the Secretary—

(1) informs private sector representatives, on a regular
basis, of the ways in which the reports submitted pursuant
to the requirements referred to in subsection (a) have been
used;

(2) informs private sector representatives, on a regular
basis, of how information regarding suspicious financial trans-
actions provided voluntarily by financial institutions has been
used; and