Page:United States Statutes at Large Volume 110 Part 4.djvu/633

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PUBLIC LAW 104-208—SEPT. 30, 1996 110 STAT. 3009-470 and unappealable judgment for monetary damages entered against a receiver or conservator for an insured depository institution for the breach of an agreement executed or approved by such receiver or conservator after the date of its appointment shall be paid as an administrative expense of the receiver or conservator. Nothing in this paragraph shall be construed to limit the power of a receiver or conservator to exercise any rights under contract or law, including to terminate, breach, cancel, or otherwise discontinue such agreement.". SEC. 2603. CRIMINAL SANCTIONS FOR FICTITIOUS FINANCIAL INSTRUMENTS AND COUNTERFEITING. (a) INCREASED PENALTIES FOR COUNTERFEITING VIOLATIONS.— Sections 474 and 474A of title 18, United States Code, are amended by striking "class C felony" each place that term appears and inserting "class B felony". (b) CRIMINAL PENALTY FOR PRODUCTION, SALE, TRANSPOR- TATION, POSSESSION OF FICTITIOUS FINANCIAL INSTRUMENTS PURPORTING TO BE THOSE OF THE STATES, OF POLITICAL SUBDIVI- SIONS, AND OF PRIVATE ORGANIZATIONS. — (1) IN GENERAL. —Chapter 25 of title 18, United States Code, is amended by inserting after section 513, the following new section:

  • '§ 514. Fictitious obligations

"(a) Whoever, with the intent to defraud— "(1) draws, prints, processes, produces, publishes, or otherwise makes, or attempts or causes the same, within the United States; "(2) passes, utters, presents, offers, brokers, issues, sells, or attempts or causes the same, or with like intent possesses, within the United States; or "(3) utilizes interstate or foreign commerce, including the use of the mails or wire, radio, or other electronic communication, to transmit, transport, ship, move, transfer, or attempts or causes the same, to, from, or through the United States, any false or fictitious instrument, document, or other item appearing, representing, purporting, or contriving through scheme or artifice, to be an actual security or other financial instrument issued under the authority of the United States, a foreign government, a State or other political subdivision of the United States, or an organization, shall be guilty of a class B felony. "(b) For purposes of this section, any term used in this section that is defined in section 513(c) has the same meaning given such term in section 513(c). "(c) The United States Secret Service, in addition to any other agency having such authority, shall have authority to investigate offenses under this section.". (2) TECHNICAL AMENDMENT. — The analysis for chapter 25 of title 18, United States Code, is amended by inserting after the item relating to section 513 the following: "514. Fictitious obligations.". SEC. 2604. AMENDMENTS TO THE TRUTH IN SAVINGS ACT. (a) REPEAL.— Effective as of the end of the 5-year period beginning on the date of the enactment of this Act, section 271 of the Truth in Savings Act (12 U.S.C. 4310) is repealed.