A bill to require that the disclosure of records maintained by financial institutions respecting their customers to officers, employees, or agents of the United States or of any State or political subdivision thereof occur only in accordance with the provisions of this act.

Amends the Federal Deposit Insurance Act to prohibit any financial institution from disclosing to a Federal agency any financial record of a customer unless the customer has so authorized, or unless a valid warrant, subpena or summons has been obtained according to the terms of this Act. Provides civil and criminal penalties, in addition to injunctive relief, for violations of this Act.