What is the decision of the Euro MPs which allows US officials to access Europeans’ bank data?

A key committee of Euro MPs has moved to block the renewal of an agreement which allows US anti-terror officials to access Europeans’ bank data. The European Parliament’s civil liberties committee recommended that the full parliament reject the interim nine-month deal between the EU and US. (2) MEPs said the deal negotiated by EU governments provided insufficient privacy safeguards. The US can access the Swift money transfer system, based in Brussels. The European Parliament plans to vote on the EU-US data agreement next Thursday. (3) The parliament’s press service says that if MEPs block it, they will be making use of a new power under the Lisbon Treaty to veto international agreements.