Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt Kelly (the coolest guy in compliance) and I take a deep dive into the House Financial Services bill, HR 2515, which amends the Dodd-Frank Act to clarify that whistleblowers who report misconduct to their employers and not to the SEC also have protections against retaliation under the law. This bill fixes the US Supreme Court decision in Digital Realty Trust which mandated that whistleblowers had to go to the SEC to obtain Dodd-Frank anti-retaliation protection. Some of the highlights include:

Some of the highlights include:

  • What was the ruling in Digital Realty Trust?
  • Why did it negatively impact whistleblowers, companies and the SEC?
  • What has made whistleblowers and internal reporting so significant?
  • How does the proposed fix benefit whistleblowers, companies and the SEC?
  • Why should businesses get behind this proposed fix?
  • What are the chances it actually is signed into law?

For more reading check out Matt’s blog post “Progress on Whistleblower Fix