§ 41501. Financial institutions fraud task forces

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. 1990

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

   Pub. L. 101–647 title XXV § 2539 · 104 Stat. 4789

   Enacted · 34 U.S.C. § 41501

   Pub. L. 101–647, title XXV, § 2539, Nov. 29, 1990, 104 Stat. 4884

   Source evidence

   Code source credit
   Pub. L. 101–647, title XXV, § 2539, Nov. 29, 1990, 104 Stat. 4884

   Enacted provision · exact public law section
   SEC. 2539. FINANCIAL INSTITUTIONS FRAUD TASK FORCES. (a) Establishment.— The Attorney General shall establish such financial institutions fraud task forces as the Attorney General deems appropriate to ensure that adequate resources are made available to investigate and prosecute crimes in or against financial institutions and to recover the proceeds of unlawful activities from persons who have committed fraud or have engaged in other criminal activity in or against the financial services industry. (b) Supervision.— The Attorney General shall determine how each task force shall be supervised and may provide for the supervision of any task force by the Special Counsel. (c) Senior Interagency Group.— (1) Establishment.— The Attorney General shall establish a senior interagency group to assist in identifying the most significant financial institution fraud cases and in allocating investigative and prosecutorial resources where they are most needed. (2) Membership.— The senior interagency group shall be chaired by the Special Counsel and shall include senior officials from— (A) the Department of Justice, including representatives of the Federal Bureau of Investigation, the Advisory Committee of United States Attorneys, and other relevant entities; (B) the Department of the Treasury; (C) the Office of Thrift Supervision; (D) the Resolution Trust Corporation; (E) the Federal Deposit Insurance Corporation; (F) the Office of the Comptroller of the Currency; (G) the Board of Governors of the Federal Reserve System; and (H) the National Credit Union Administration. (3) Duties.— This senior interagency group shall enhance interagency coordination and assist in accelerating the investigations and prosecution of financial institutions fraud.

2. 2010

   Enhancing Financial Institution Safety and Soundness Act of 2010

   Pub. L. 111–203 title III § 359(1) · 124 Stat. 1376

   1. Struck · 34 U.S.C. § 41501(c)(2)(C)(H)

      Pub. L. 111–203, which directed the amendment of subsec. (c)(2) by striking out subpars. (C) and (D)

   2. Redesignated · 34 U.S.C. § 41501(c)(2)(C)(H)

      Pub. L. 111–203, which directed the amendment of subsec. (c)(2) by redesignating subpars. (E) to (H) as “(C) through (G), respectively”, was executed by striking subpars. (C) and (D)

   3. Redesignated · 34 U.S.C. § 41501(c)(2)(C)(H)

      Pub. L. 111–203, which directed the amendment of subsec. (c)(2) by redesignating subpars. (E) to (H) as (C) to (F), respectively, to reflect the probable intent of Congress. Former subpars. (C) and (D) related to the Office of Thrift Supervision and the Resolution Trust Corporation, respectively

   Source evidence

   Code amendment note
   Subsec. (c)(2)(C) to (H). Pub. L. 111–203, which directed the amendment of subsec. (c)(2) by striking out subpars. (C) and (D) and redesignating subpars. (E) to (H) as “(C) through (G), respectively”, was executed by striking subpars. (C) and (D) and redesignating subpars. (E) to (H) as (C) to (F), respectively, to reflect the probable intent of Congress. Former subpars. (C) and (D) related to the Office of Thrift Supervision and the Resolution Trust Corporation, respectively.

   Enacted provision · exact public law section
   (1) in section 2539(c)(2) (28 U.S.C. 509 note)— (A) by striking subparagraphs (C) and (D); and (B) by redesignating subparagraphs (E) through (H) as subparagraphs (C) through (G), respectively; and

   Effective date note
   Amendment by Pub. L. 111–203 effective on the transfer date, see section 351 of Pub. L. 111–203, set out as a note under section 906 of Title 2, The Congress.

4 of 4 references resolved to an enrolled provision