Public Law 99–370

SECTION 1. SHORT TITLE.

This Act may be cited as the “Bank Bribery Amendments Act of 1985”.

SEC. 2. CHAPTER 11 AMENDMENT.

Section 215 of title 18, United States Code, is amended to read as follows:

Ҥ 215. Receipt of commissions or gifts for procuring loans

“(a)“(a)

Whoever—

Law enforcement and crime.

“(1)“(1)

corruptly gives, offers, or promises anything of value to any person, with intent to influence or reward an officer, director, employee, agent, or attorney of a financial institution in connection with any business or transaction of such institution; or

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“(2)“(2)

as an officer, director, employee, agent, or attorney of a financial institution, corruptly solicits or demands for the benefit of any person, or corruptly accepts or agrees to accept, anything of value from any person, intending to be influenced or rewarded in connection with any business or transaction of such institution;

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shall be fined not more than $5,000 or three times the value of the thing given, offered, promised, solicited, demanded, accepted, or agreed to be accepted, whichever is greater, or imprisoned not more than five years, or both, but if the value of the thing given, offered, promised, solicited, demanded, accepted, or agreed to be accepted does not exceed $100, shall be fined not more than $1,000 or imprisoned not more than one year, or both.

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“(b)“(b)

As used in this section, the term ‘financial institution’ means—

“(1)“(1)

a bank with deposits insured by the Federal Deposit Insurance Corporation;

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“(2)“(2)

an institution with accounts insured by the Federal Savings and Loan Insurance Corporation;

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“(3)“(3)

a credit union with accounts insured by the National Credit Union Share Insurance Fund;

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“(4)“(4)

a Federal home loan bank or a member, as defined in section 2 of the Federal Home Loan Bank Act (12 U.S.C. 1422), of the Federal home loan bank system;

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“(5)“(5)

a Federal land bank, Federal intermediate credit bank, bank for cooperatives, production credit association, and Federal land bank association;

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“(6)“(6)

a small business investment company, as defined in section 103 of the Small Business Investment Act of 1958 (15 U.S.C. 662);

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“(7)“(7)

a bank holding company as defined in section 2 of the Bank Holding Company Act of 1956 (12 U.S.C. 1841); or

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“(8)“(8)

a savings and loan holding company as defined in section 408 of the National Housing Act (12 U.S.C. 1730a).

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“(c)“(c)

This section shall not apply to bona fide salary, wages, fees, or other compensation paid, or expenses paid or reimbursed, in the usual course of business.

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“(d)“(d)

Federal agencies with responsibility for regulating a financial institution shall jointly establish such guidelines as are appropriate to assist an officer, director, employee, agent, or attorney of a financial institution to comply with this section. Such agencies shall

Public information.

make such guidelines available to the public”.

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SEC. 3. EFFECTIVE DATE.

This Act and the amendments made by this Act shall take effect 30 days after the date of the enactment of this Act.