Title 34 — Crime Control and Law Enforcement
Chapter 413 — Crime Reports and Statistics
§ 41306. Report to Congress on banking law offenses
Statutory text
In general
Data collection
The Attorney General shall compile and collect data concerning—
the nature and number of civil and criminal investigations, prosecutions, and related proceedings, and civil enforcement and recovery proceedings, in progress with respect to banking law offenses under sections 981, 1008, 1032, and 3322(d) of title 18 and section 1833a of title 12 and conspiracies to commit any such offense, including inactive investigations of such offenses;
the number of—
investigations, prosecutions, and related proceedings described in subparagraph (A) which are inactive as of the close of the reporting period but have not been closed or declined; and
unaddressed referrals which allege criminal misconduct involving offenses described in subparagraph (A),
and the reasons such matters are inactive and the referrals unaddressed;
the nature and number of such matters closed, settled, or litigated to conclusion; and
the results achieved, including convictions and pretrial diversions, fines and penalties levied, restitution assessed and collected, and damages recovered, in such matters.
Analysis and report
The Attorney General shall analyze and report to the Congress on the data described in paragraph (1) and its coordination and other related activities named in section 41501(c)(2) 1 of this title and shall provide such report on the data monthly through , and quarterly after such date.
Specifics of report
The report required by subsection (a) shall—
categorize data as to various types of financial institutions and appropriate dollar loss categories;
disclose data for each Federal judicial district;
describe the activities of the Financial Institution Fraud Unit; and
list—
the number of institutions, categorized by failed and open institutions, in which evidence of significant fraud, unlawful activity, insider abuse or serious misconduct has been alleged or detected;
civil, criminal, and administrative enforcement actions, including those of the Federal financial institutions regulatory agencies, brought against offenders;
any settlements or judgments obtained against offenders;
indictments, guilty pleas, or verdicts obtained against offenders; and
the resources allocated in pursuit of investigations, prosecutions, and sentencings (including indictments, guilty pleas, or verdicts obtained against offenders) and related proceedings.
Footnotes
- 1 So in original. Probably should be “41501(c)(3)”.
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.
Comprehensive Thrift and Bank Fraud Prosecution and Taxpayer Recovery Act of 1990
Pub. L. 101–647 title XXV § 2546 · 104 Stat. 4789
Enacted · 34 U.S.C. § 41306
(Pub. L. 101–647, title XXV, § 2546, Nov. 29, 1990, 104 Stat. 4885.)
Source evidence
Code source credit
(Pub. L. 101–647, title XXV, § 2546, Nov. 29, 1990, 104 Stat. 4885.)Enacted provision · exact public law section
SEC. 2546. REPORTING REQUIREMENTS. (a) In General.— (1) Data collection.— The Attorney General shall compile and collect data concerning— (A) the nature and number of civil and criminal investigations, prosecutions, and related proceedings, and civil enforcement and recovery proceedings, in progress with respect to banking law offenses under sections 981, 1008, 1032, and 3322(d) of title 18, United States Code, and section 951 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 and conspiracies to commit any such offense, including inactive investigations of such offenses; (B) the number of— (i) investigations, prosecutions, and related proceedings described in subparagraph (A) which are inactive as of the close of the reporting period but have not been closed or declined; and (ii) unaddressed referrals which allege criminal misconduct involving offenses described in subparagraph (A), and the reasons such matters are inactive and the referrals unaddressed; (C) the nature and number of such matters closed, settled, or litigated to conclusion; and (D) the results achieved, including convictions and pretrial diversions, fines and penalties levied, restitution assessed and collected, and damages recovered, in such matters. (2) Analysis and report.— The Attorney General shall analyze and report to the Congress on the data described in paragraph (1) and its coordination and other related activities named in section 2539(c)(2) and shall provide such report on the data monthly through December 31, 1991, and quarterly after such date. (b) Specifics of Report.— The report required by subsection (a) shall— (1) categorize data as to various types of financial institutions and appropriate dollar loss categories; (2) disclose data for each Federal judicial district; (3) describe the activities of the Financial Institution Fraud Unit; and (4) list— (A) the number of institutions, categorized by failed and open institutions, in which evidence of significant fraud, unlawful activity, insider abuse or serious misconduct has been alleged or detected; (B) civil, criminal, and administrative enforcement actions, including those of the Federal financial institutions regulatory agencies, brought against offenders; (C) any settlements or judgments obtained against offenders; (D) indictments, guilty pleas, or verdicts obtained against offenders; and (E) the resources allocated in pursuit of investigations, prosecutions, and sentencings (including indictments, guilty pleas, or verdicts obtained against offenders) and related proceedings.
1 of 1 references resolved to an enrolled provision
Editorial Notes
Codification
Section was formerly classified as a note under section 522 of Title 28, Judiciary and Judicial Procedure, prior to editorial reclassification and renumbering as this section.