Page:United States Statutes at Large Volume 98 Part 2.djvu/986

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PUBLIC LAW 98-000—MMMM. DD, 1984

98 STAT. 2146

12 USC 1422.

12 USC 1841 note. 12 USC 1701 note.

Repeal. 18 USC 216.

PUBLIC LAW 98-473—OCT. 12, 1984

"(a) Whoever, being an officer, director, employee, agent, or attorney of any financial institution, bank holding company, or savings and loan holding company, except as provided by law, directly or indirectly, asks, demands, exacts, solicits, seeks, accepts, receives or agrees to receive anything of value, for himself or for any other person or entity, other than such financial institution, from any person or entity for or in connection with any transaction or business of such financial institution; or "(b) Whoever, except as provided by law, directly or indirectly, gives, offers, or promises anything of value to any officer, director, employee, agent, or attorney of any financial institution, bank holding company, or savings and loan holding company, or offers or promises any such officer, director, employee, agent, or attorney to give anything of value to any person or entity, other than such financial institution, for or in connection with any transaction or business of such financial institution, shall be fined not more than $5,000 or three times the value of anything offered, asked, given, received, or agreed to be given or received, whichever is greater, or imprisoned not more than five years, or both; but if the value of anji;hing offered, asked, given, received, or agreed to be given or received does not exceed $100, shall be fined not more than $1,000 or imprisoned not more than one year, or both. "(c) As used in this section— "(1) 'financial institution' means— "(A) any bank the deposits of which are insured by the Federal Eteposit Insurance Corporation; "(B) any member, as defined in section 2 of the Federal Home Loan Bank Act, as amended, of the Federal Home Loan Bank System and any Federal Home Loan Bank; "(C) any institution the accounts of which are insured by the Federal Savings and Loan Insurance Corporation; "(D) any credit union the accounts of which are insured by the Administrator of the National Credit Union Administration; "(E) any Federal land bank. Federal land bank association. Federal intermediate credit bank, production credit association, bank for cooperatives; and "(F) a small business investment company, as defined in section 103 of the Small Business Investment Act of 1958 (15 U.S.C. 662); and "(2) 'bank holding company' or 'savings and loan holding company' means any person, corporation, partnership, business trust, association or similar organization which controls a financial institution in such a manner as to be a bank holding company or a savings and loan holding company under the Bank Holding Company Act Amendments of 1956 (12 U.S.C. 1841) or the Savings and Loan Holding Company Amendments of 1967 (12 U.S.C. 1730a). "(d) This section shall not apply to the payment by a financial institution of the usual salary or director's fee paid to an officer, director, employee, agent, or attorney thereof, or to a reasonable fee paid by such financial institution to such officer, director, employee, agent, or attorney for services rendered to such financial institution.". (b) Section 216 of title 18 is repealed, and the section analysis of chapter 11 for section 216 be amended to read: "216. Repealed.".