§ 1007. Federal Deposit Insurance Corporation transactions

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1948

   Pub. L. 80–645 · 62 Stat. 683

   Enacted · 18 U.S.C. § 1007

   June 25, 1948, ch. 645, 62 Stat. 750

   Source evidence

   Code source credit
   June 25, 1948, ch. 645, 62 Stat. 750

2. 1989

   Financial Institutions Reform, Recovery, and Enforcement Act of 1989

   Pub. L. 101–73 title IX § 961(f) · 103 Stat. 183

   1. Substituted · 18 U.S.C. § 1007

      Pub. L. 101–73 substituted “Transactions” for “transactions” in section catchline

   2. Substituted · 18 U.S.C. § 1007

      Pub. L. 101–73 amended text generally. Prior to amendment, text read as follows: “Whoever, for the purpose of obtaining any loan from the Federal Deposit Insurance Corporation, or any extension or renewals thereof, or the acceptance, release, or substitution of security therefor, or for the purpose of inducing the Federal Deposit Insurance Corporation to purchase any assets, or for the purpose of obtaining the payment of any insured deposit or transferred deposit or the allowance, approval, or payment of any claim, or for the purpose of influencing in any way the action of the Federal Deposit Insurance Corporation, makes any statement, knowing it to be false, or willfully overvalues any security, shall be fined not more than $5,000 or imprisoned not more than two years, or both.”

   Source evidence

   Code amendment note
   Pub. L. 101–73 substituted “Transactions” for “transactions” in section catchline and amended text generally. Prior to amendment, text read as follows: “Whoever, for the purpose of obtaining any loan from the Federal Deposit Insurance Corporation, or any extension or renewals thereof, or the acceptance, release, or substitution of security therefor, or for the purpose of inducing the Federal Deposit Insurance Corporation to purchase any assets, or for the purpose of obtaining the payment of any insured deposit or transferred deposit or the allowance, approval, or payment of any claim, or for the purpose of influencing in any way the action of the Federal Deposit Insurance Corporation, makes any statement, knowing it to be false, or willfully overvalues any security, shall be fined not more than $5,000 or imprisoned not more than two years, or both.”

   Enacted provision · exact public law section
   (f) Federal Deposit Insurance Corporation Transactions.— Section 1007 of title 18, United States Code, is amended to read as follows: “§ 1007. Federal Deposit Insurance Corporation Transactions Fraud. “Whoever, for the purpose of influencing in any way the action of the Federal Deposit Insurance Corporation, knowingly makes or invites reliance on a false, forged, or counterfeit statement, document, or thing shall be fined not more than $1,000,000 or imprisoned not more than 20 years, or both.”.

3. 1990

   Comprehensive Thrift and Bank Fraud Prosecution and Taxpayer Recovery Act of 1990

   Pub. L. 101–647 title XXV § 2504(f) · 104 Stat. 4789

   Substituted · 18 U.S.C. § 1007

   Pub. L. 101–647 substituted “30” for “20” before “years”

   Source evidence

   Code amendment note
   Pub. L. 101–647 substituted “30” for “20” before “years”.

   Enacted provision · exact public law section
   (f) Federal Deposit Insurance Corporation Transactions.— Section 1007 of title 18, United States Code, is amended by striking “20” and inserting “30”.

4. 1994

   Violent Crime Control and Law Enforcement Act of 1994

   Pub. L. 103–322 title XXXIII § 330002(c) · 108 Stat. 1796

   Substituted · 18 U.S.C. § 1007

   Pub. L. 103–322 substituted “transactions” for “Transactions” in section catchline

   Source evidence

   Code amendment note
   Pub. L. 103–322 substituted “transactions” for “Transactions” in section catchline.

   Enacted provision · exact public law section
   (c) Section 1007.— The heading for section 1007 of title 18, United States Code, is amended by striking “Transactions” and inserting “transactions”.

4 of 5 references resolved to an enrolled provision · 1 partial