Page:United States Statutes at Large Volume 104 Part 6.djvu/470

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104 STAT. 4860 PUBLIC LAW 101-647—NOV. 29, 1990 shall be fined under this title or imprisoned not more than 5 years, or both.". (b) CLERICAL AMENDMENT.—The table of sections for chapter 47 of title 18, United States Code, is amended by inserting after the item relating to section 1031 the following new item: "1032. Concealment of assets from conservator, receiver, or liquidating agent of financial institution.". SEC. 2502. PROHIBITION ON CONTROL OF OR PARTICIPATION IN DEPOSI- TORY INSTITUTION BY CERTAIN CONVICTED PERSONS. (a) FDIC INSURED DEPOSITORY INSTITUTIONS. — Section 19(a) of the Federal Deposit Insurance Act (12 U.S.C. 1829(a)) is amended to read as follows: "(a) PROHIBITION. — "(1) IN GENERAL. —Except with the prior written consent of the Corporation— "(A) any person who has been convicted of any criminal offense involving dishonesty or a breach of trust, or has agreed to enter into a pretrial diversion or similar program in connection with a prosecution for such offense, may not— "(i) become, or continue as, an institution-affiliated party with respect to any insured depository institution; "(ii) own or control, directly or indirectly, any insured depository institution; or "(iii) otherwise participate, directly or indirectly, in the conduct of the affairs of any insured depository institution; and "(B) any insured depository institution may not permit any person referred to in subparagraph (A) to engage in any conduct or continue any relationship prohibited under such subparagraph. " (2) MINIMUM IO-YEAR PROHIBITION PERIOD FOR CERTAIN OFFENSES.— "(A) IN GENERAL. —If the offense referred to in paragraph (1)(A) in connection with any person referred to in such paragraph is— "(i) an offense under— "(I) section 215, 656, 657, 1005, 1006, 1007, 1008, 1014, 1032, 1344, or 1956 of title 18, United States Code; or "(II) section 1341 or 1343 of such title which affects any financial institution (as defined in section 20 of such title); or "(ii) the offense of conspiring to commit any such offense, the Corporation may not consent to any exception to the application of paragraph (1) to such person during the 10- year period beginning on the date the conviction or the agreement of the person becomes final. "(B) EXCEPTION BY ORDER OF SENTENCING COURT.— "(i) IN GENERAL.—On motion of the Corporation, the court in which the conviction or the agreement of a person referred to in subparagraph (A) has been entered may grant an exception to the application of