To amend the Commodity Exchange Act to clarify treatment of privileged information after disclosure to the Commodity Futures Trading Commission, and for other purposes.

“(h) Sharing privileged information with other authorities

“(1) Definitions—In this subsection:

“(A) Foreign law enforcement authority—The term foreign law enforcement authority means any foreign authority that is empowered under foreign law to detect, investigate, or prosecute potential violations of law.

“(B) Privilege—The term privilege includes any applicable work-product privilege, attorney-client privilege, governmental privilege, or other privilege recognized under Federal, State, or foreign law.

“(2) Privileged information provided by the Commission—The Commission shall not be considered to have waived any privilege by transferring information to or permitting that information to be used in accordance with subsection (e).

“(3) Nondisclosure of privileged information provided to the Commission—The Commission shall not be compelled to disclose privileged information obtained from any foreign futures authority, or foreign law enforcement authority, if the authority has in good faith determined and represented to the Commission that the information is privileged.

“(4) Nonwaiver of privileged information provided to the Commission—The entities listed in subsection (e) shall not be considered to have waived any privilege by transferring information to or permitting information to be used by the Commission.”