,,ii #aaf? ,,congress #a/ ,session ,s4 #ajje ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,april #c1 #bjai,ms4 ,w>r5 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to /op f9ancial in/itution crime1 require c]ta9 (fic]s ( companies to c]tify t !y h conduct$ due dilig5ce relat+ to crim9al conduct or civil fraud1 create acc\ntability 9 def]r$ prosecution agreem5ts1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,end+ ,too ,big to ,jail ,act4 #b4 ,/op f9ancial in/itution crime 7a7 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,hi/ory has %[n t ! ,(fice ( ! ,special ,inspector ,g5]al = ! ,tr\bl$ ,asset ,relief ,program 7ref]r$ to 9 ?is subsection z ,,sigt>p7 has-- 7,a7 s]v$ z an effective model =-- 7i7 recov]+ taxpay] doll>s2 & 7ii7 br++ acc\ntability by root+ out wa/e1 fraud1 & abuse2 & 7,b7 prov5 to be a lead] 9 t>get+ crimes committ$ by insid]s at f9ancial in/itutions 9 ord] to protect ! int]e/s ( ! p ( ! ,unit$ ,/ates4 7#b7 ,! f9ancial crisis 9 #bjjh laid b>e "o ( ! bigge/ vuln]abilities ( ! ,unit$ ,/ates1 :i* is fraud committ$ by f9ancial in/itutions4 ,fraud committ$ by f9ancial in/itutions cont9ues z ( ! date ( enactm5t ( ?is ,act1 :i* demon/rates t su* fraud does n disappe>1 b evolves & gr[s ov] "t1 :i* weak5s f9ancial in/itutions f ! inside4 7#c7 ,!re is a ne$ = a p]man5t law en=cem5t ag5cy d$icat$ solely to inve/igat+ fraud committ$ by f9ancial in/itutions & insid]s at f9ancial in/itutions because t type ( fraud-- 7,a7 wreaks havoc on ! economy ( ! ,unit$ ,/ates2 7,b7 puts ! f9ances ( ! ,unit$ ,/ates at risk2 & 7,c7 ru9s ! lives ( individuals 9 ! ,unit$ ,/ates4 7#d7 ,inve/igations l$ by ,,sigt>p h result$ 9 crim9al *>ges aga9/ m ?an #djj def5dants1 includ+ crim9al *>ges aga9/ ne>ly #ajj bank]s4 ,^! crim9al *>ges 7 relat$ to m ?an #bj fail$ banks1 ) a comb9$ e/imat$ loss to ! deposit insurance fund ( #g1jjj1jjj1jjj4 7#e7 ,,sigt>p's inve/igations l$ to ! ,dep>tm5t ( ,ju/ice en=cem5t actions aga9/ #aj f9ancial in/itutions1 ) #h hav+ total assets exce$+ #ajj1jjj1jjj1jjj4 7#f7 ,,sigt>p has develop$ unique me?ods to se>* = crime by us+ indu/ry1 f9ancial1 & human intellig5ce1 includ+ fraudul5t conduct t contribut$ to ! failure ( f9ancial in/itutions1 or t 0 ei!r 91 or impact$1 f9ancial in/itutions4 7#g7 ,r ?an e/abli%+ an entirely new entity1 x makes ! mo/ s5se = taxpay]s to rely on ,,sigt>p's und]/&+ ( complex bank records & bank op]ations & use ( intellig5ce to-- 7,a7 id5tify anomalies2 & 7,b7 inve/igate1 & root out fraud at1 f9ancial in/itutions4 7#h7 ,! va/ exp]tise ( ,,sigt>p1 & ! prov5 results ( ,,sigt>p ) respect to ! inve/igation ( crime at f9ancial in/itutions1 %\ld be us$ on a p]man5t basis to br+ acc\ntability & to det] fraud t jeop>dizes f9ancial in/itutions 9 ! ,unit$ ,/ates1 especially consid]+ ! ext5t to :i* ! p ( ! ,unit$ ,/ates rely on ^? in/itutions4 7b7 ,r$esignation ( ! (fice ( ! special inspector g5]al = ! tr\bl$ asset relief program & ! special inspector g5]al = ! tr\bl$ asset relief program 7#a7 ,9 g5]al ,! ,em]g5cy ,economic ,/abilization ,act ( #bjjh 7#ab ,u4,s4,c4 #ebaa et seq47 is am5d$-- 7,a7 by /rik+ ,special ,inspector ,g5]al = ! ,tr\bl$ ,asset ,relief ,program ea* place ! t]m appe>s & ins]t+ ,special ,inspector ,g5]al = ,f9ancial ,in/itution ,crime1 except :]e ! t]m is us$ to ref] to ! ,special ,inspector ,g5]al = ! ,tr\bl$ ,asset ,relief ,program ,act ( #bjji2 7,b7 9 section #aba 7#ab ,u4,s4,c4 #ebca71 9 ! section head+1 by /rik+ ,special inspector g5]al = ! tr\bl$ asset relief program & ins]t+ ,special inspector g5]al = f9ancial in/itution crime2 & 7,c7 9 ! table ( cont5ts1 by /rik+ ! item relat+ to section #aba & ins]t+ ! foll[+3 ,sec4 #aba4 ,special ,inspector ,g5]al = ,f9ancial ,in/itution ,crime4 4 7#b7 ,te*nical & con=m+ am5dm5ts 7,a7 ,additional appropriations provision ,! ,help+ ,families ,save ,_! ,homes ,act ( #bjji 7,public ,law #aaa-bb2 #abc ,/at4 #afcb7 is am5d$-- 7i7 9 section #djb 7#ab ,u4,s4,c4 #ebca;a7-- 7,i7 9 ! section head+1 by /rik+ ,special inspector g5]al = ! tr\bl$ asset relief program & ins]t+ ,special inspector g5]al = f9ancial in/itution crime2 & 7,,ii7 9 subsection 7b77#a77;,a71 by /rik+ ,special ,inspector ,g5]al ( ! ,tr\ble ,asset ,relief ,program & ins]t+ ,special ,inspector ,g5]al = ,f9ancial ,in/itution ,crime2 & 7ii7 9 ! table ( cont5ts1 by /rik+ ! item relat+ to section #djb & ins]t+ ! foll[+3 ,sec4 #djb4 ,special ,inspector ,g5]al = ,f9ancial ,in/itution ,crime4 4 7,b7 ,exemption f budget r$uction ,section #bee7;i7 ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe 7#b ,u4,s4,c4 #ije7;i77 is am5d$ by /rik+ ,special ,inspector ,g5]al = ! ,tr\bl$ ,asset ,relief ,program & ins]t+ ,special ,inspector ,g5]al = ,f9ancial ,in/itution ,crime4 7#c7 ,ref]5ces 7,a7 ,(fice ref]5ces ,any ref]5ce to ! ,(fice ( ! ,special ,inspector ,g5]al = ! ,tr\bl$ ,asset ,relief ,program 9 any law1 rule1 regulation1 c]tificate1 directive1 in/ruction1 or o!r (ficial pap] 9 =ce on ! date ( enactm5t ( ?is ,act %all be consid]$ to ref] & apply to ! ,(fice ( ! ,special ,inspector ,g5]al = ,f9ancial ,in/itution ,crime4 7,b7 ,special inspector g5]al ref]5ces ,any ref]5ce to ! ,special ,inspector ,g5]al = ! ,tr\bl$ ,asset ,relief ,program 9 any law1 rule1 regulation1 c]tificate1 directive1 in/ruction1 or o!r (ficial pap] 9 =ce on ! date ( enactm5t ( ?is ,act %all be consid]$ to ref] & apply to ! ,special ,inspector ,g5]al = ,f9ancial ,in/itution ,crime4 7c7 ,duties ( ,special ,inspector ,g5]al = ,f9ancial ,in/itution ,crime 7#a7 ,9 g5]al ,section #aba ( ! ,em]g5cy ,economic ,/abilization ,act ( #bjjh 7#ab ,u4,s4,c4 #ebca7 is am5d$-- 7,a7 9 subsection 7b7-- 7i7 by /rik+ p>agraph 7#c72 & 7ii7 by r$esignat+ p>agraphs 7#d71 7#e71 & 7#f7 z p>agraphs 7#c71 7#d71 & 7#e71 respectively2 7,b7 by /rik+ subsection 7c7 & ins]t+ ! foll[+3 7c7 ,duties 7#a7 ,9 g5]al ,x %all be ! duty ( ! ,special ,inspector ,g5]al to conduct1 sup]vise & coord9ate-- 7,a7 inve/igations ( fraudul5t conduct 91 or impact+-- 7i7 an entity describ$ 9 any ( subp>agraphs 7,a7 ?r\gh 7,f7 ( section #ecab7;a77#b7 ( title #ca1 ,unit$ ,/ates ,code2 7ii7 a bank hold+ company1 z def9$ 9 section #b ( ! ,bank ,hold+ ,company ,act ( #aief 7#ab ,u4,s4,c4 #ahda72 or 7iii7 a sav+s & loan hold+ company1 z def9$ 9 section #aj7;a7 ( ! ,home ,own]s' ,loan ,act 7#ab ,u4,s4,c4 #adfg;a7a772 & 7,b7 audits & inve/igations (-- 7i7 ! pur*ase1 managem5t1 & sale ( assets by ! ,secret>y "u any program e/abli%$ by ! ,secret>y "u section #aja2 & 7ii7 ! managem5t by ! ,secret>y ( any program e/abli%$ "u section #ajb1 includ+ by collect+ & summ>iz+ ! in=mation describ$ 9 p>agraph 7#b74 7#b7 ,in=mation requir$ ,! in=mation describ$ 9 ?is p>agraph is ! foll[+3 7,a7 ,a description ( ! categories ( tr\bl$ assets pur*as$ or o!rwise procur$ by ! ,secret>y4 7,b7 ,a li/+ ( ! tr\bl$ assets pur*as$ 9 ea* su* category describ$ 9 subp>agraph 7,a74 7,c7 ,an explanation ( ! reasons ! ,secret>y deem$ x necess>y to pur*ase ea* su* tr\bl$ asset4 7,d7 ,a li/+ ( ea* f9ancial in/itution f :i* ^? tr\bl$ assets 7 pur*as$4 7,e7 ,a li/+ ( & detail$ biographical in=mation on ea* p]son or entity hir$ to manage su* tr\bl$ assets4 7,f7 ,a curr5t e/imate ( ! total am\nt ( tr\bl$ assets pur*as$ pursuant to any program e/abli%$ "u section #aja1 ! am\nt ( tr\bl$ assets on ! books ( ! ,treasury1 ! am\nt ( tr\bl$ assets sold1 & ! pr(it & loss incurr$ on ea* sale or disposition ( ea* su* tr\bl$ asset4 7,g7 ,a li/+ ( ! insurance contracts issu$ "u section #ajb4 7#c7 ,additional duties ,! ,special ,inspector ,g5]al %all-- 7,a7 e/abli%1 ma9ta91 & ov]see su* sy/ems1 proc$ures1 & controls z ! ,special ,inspector ,g5]al consid]s appropriate to dis*>ge ! duty "u p>agraph 7#a72 & 7,b7 h ! duties & responsibilities ( inspectors g5]al "u ! ,inspector ,g5]al ,act ( #aigh 7#e ,u4,s4,c4 ,app474 7#d7 ,additional au?ority 7,a7 ,9 g5]al ,except z provid$ "u subp>agraph 7,b71 & 9 addition to ! duties specifi$ 9 p>agraphs 7#a7 & 7#b71 ! ,special ,inspector ,g5]al %all h ! au?ority to conduct1 sup]vise1 & coord9ate an audit or inve/igation ( any action tak5 "u ?is title z ! ,special ,inspector ,g5]al det]m9es appropriate4 7,b7 ,exception ,subp>agraph 7,a7 %all n apply ) respect to any action tak5 "u section #aae1 #aaf1 #aag1 or #abe4 2 7,c7 9 subsection 7e7-- 7i7 9 p>agraph 7#a71 by /rik+ subp>agraph 7,b7 & ins]t+ ! foll[+3 7,b7 7i7 ,subject to clause 7ii71 not)/&+ ! fact t ! ,(fice ( ! ,special ,inspector ,g5]al = ,f9ancial ,in/itutions ,crime ,en=cem5t is n a tempor>y organization1 z def9$ 9 subsection 7a7 ( section #cafa ( title #e1 ,unit$ ,/ates ,code1 ! ,special ,inspector ,g5]al may ex]cise ! au?orities ( subsections 7b7 ?r\gh 7i7 ( t section4 7ii7 ,if ! ,special ,inspector ,g5]al ex]cises ! au?orities describ$ 9 clause 7i7-- 7,i7 section #cafa7;b77#b7 ( title #e1 ,unit$ ,/ates ,code 7relat+ to p]iods ( appo9tm5ts71 %all n apply2 & 7,,ii7 ) respect to an individual :o is hir$ aft] ! date ( enactm5t ( ! ,end+ ,too ,big to ,jail ,act1 section #cafa7;b77#c7 ( title #e1 ,unit$ ,/ates ,code1 %all n apply unless t individual is a reemploy$ annuitant describ$ 9 p>agraph 7#e74 2 & 7ii7 9 p>agraph 7#e7-- 7,i7 9 subp>agraph 7,a7-- 7aa7 by /rik+ 7,a72 & 7bb7 9 ! fir/ s5t5ce1 by /rik+ ,except z provid$ "u subp>agraph 7,b71 if & ins]t+ ,if2 & 7,,ii7 by /rik+ subp>agraph 7,b72 7,d7 by /rik+ subsection 7g7 & ins]t+ ! foll[+3 7g7 ,coop]ation & coord9ation ) o!r entities 7#a7 ,def9itions ,9 ?is subsection-- 7,a7 ! t]m bank hold+ company has ! mean+ giv5 ! t]m 9 section #b ( ! ,bank ,hold+ ,company ,act ( #aief 7#ab ,u4,s4,c4 #ahda72 7,b7 ! t]m f9ancial in/itutions means an entity describ$ 9 any ( subp>agraphs 7,a7 ?r\gh 7,f7 ( section #ecab7;a77#b7 ( title #ca1 ,unit$ ,/ates ,code2 & 7,c7 ! t]m sav+s & loan hold+ company has ! mean+ giv5 ! t]m 9 section #aj7;a7 ( ! ,home ,own]s' ,loan ,act 7#ab ,u4,s4,c4 #adfg;a7a774 7#b7 ,requir$ coord9ation ,9 c>ry+ out ! duties1 responsibilities1 & au?orities ( ! ,special ,inspector ,g5]al "u ?is section1 ! ,special ,inspector ,g5]al %all "w ) ! entities describ$ 9 p>agraph 7#c71 ) a view t[>d avoid+ duplication ( ef=t & ensur+ compreh5sive ov]sight (-- 7,a7 f9ancial in/itutions1 bank hold+ companies1 & sav+s & loan hold+ companies2 7,b7 any fraudul5t conduct 91 or impact+1 an entity describ$ 9 subp>agraph 7,a72 & 7,c7 ! ,tr\bl$ ,asset ,relief ,program4 7#c7 ,entities ,! entities describ$ 9 ?is p>agraph are ! foll[+3 7,a7 ,! ,inspector ,g5]al ( ! ,dep>tm5t ( ! ,treasury4 7,b7 ,! ,inspector ,g5]al ( ! ,f$]al ,deposit ,insurance ,corporation4 7,c7 ,! ,inspector ,g5]al ( ! ,securities & ,ex*ange ,commission4 7,d7 ,! ,inspector ,g5]al ( ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em & ! ,bureau ( ,consum] ,f9ancial ,protection4 7,e7 ,! ,inspector ,g5]al ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy4 7,f7 ,! ,inspector ,g5]al ( any o!r entity z appropriate4 2 7,e7 9 subsection 7h71 by /rik+ until ! date ( t]m9ation ( ! ,(fice ( ! ,special ,inspector ,g5]al = ! ,tr\bl$ ,asset ,relief ,program2 7,f7 by /rik+ subsection 7i7 & ins]t+ ! foll[+3 7i7 ,reports 7#a7 ,9 g5]al 7,a7 ,requirem5t ,subject to subp>agraph 7,b71 n lat] ?an ,april #cj & ,octob] #ca ( ea* ye>1 ! ,special ,inspector ,g5]al %all submit to ! appropriate committees ( ,congress a semiannual report ) respect to ! #f-mon? p]iod t ends on ,m>* #ca & ,septemb] #cj ( t ye>1 respectively4 7,b7 ,initial report ,! fir/ report submitt$ by ! ,special ,inspector ,g5]al "u subp>agraph 7,a7 aft] ! date ( enactm5t ( ! ,end+ ,too ,big to ,jail ,act %all be ) respect to ! fir/ full #f-mon? p]iod t ends on ,m>* #ca or ,septemb] #cj aft] t date ( enactm5t1 :i*ev] is e>li]4 7#b7 ,cont5ts ,ea* report submitt$ "u p>agraph 7#a7 %all include a summ>y (1 = ! p]iod cov]$ by ! report1 ! relevant actions tak5 by ! ,special ,inspector ,g5]al4 7#c7 ,rule ( con/ruction ,no?+ 9 ?is subsection may be con/ru$ to au?orize ! public disclosure ( in=mation t is-- 7,a7 specifically prohibit$ f disclosure by any o!r provision ( law2 7,b7 specifically requir$ by ,executive ord] to be protect$ f disclosure 9 ! int]e/ ( national def5se or national security or 9 ! conduct ( =eign affairs2 or 7,c7 a "p ( an ongo+ crim9al inve/igation4 7#d7 ,public availability ,except z provid$ "u p>agraph 7#c71 all reports submitt$ "u ?is subsection %all be available to ! public4 2 7,g7 9 subsection 7j71 by add+ at ! end ! foll[+3 7#c7 ! am\nts made available "u section #djb7;c7 ( ! ,public-,private ,inve/m5t ,program ,improvem5t & ,ov]sight ,act ( #bjji 7#ab ,u4,s4,c4 #ebca;a7c77 %all rema9 available until exp5d$ = any purpose 9 fur!rance ( ! mission ( ! ,(fice ( ! ,special ,inspector ,g5]al = ,f9ancial ,in/itution ,crime2 & 7#d7 ! ,(fice ( ! ,special ,inspector ,g5]al = ,f9ancial ,in/itution ,crime %all receive annual appropriations f ,congress sep>ate & ap>t f appropriations made to ! ,u4,s4 ,dep>tm5t ( ! ,treasury4 2 & 7,h7 by /rik+ subsection 7k74 7#b7 ,cont9u+ s]vice ,if ! individual s]v+ z ! ,special ,inspector ,g5]al = ! ,tr\bl$ ,asset ,relief ,program on ! day be=e ! date ( enactm5t ( ?is ,act 0 appo9t$ to t position by ! ,presid5t1 by & ) ! advice & cons5t ( ! ,s5ate1 t individual %all cont9ue to s]ve z ! ,special ,inspector ,g5]al = ,f9ancial ,in/itution ,crime4 7d7 ,au?ority ( ,special ,inspector ,g5]al ,section #aba ( ! ,em]g5cy ,economic ,/abilization ,act ( #bjjh 7#ab ,u4,s4,c4 #ebca7 is am5d$ by add+ at ! end ! foll[+3 7l7 ,disclosure 7#a7 ,9 g5]al ,)\t approval ( ! ,special ,inspector ,g5]al1 no p]son1 f9ancial in/itution 7z def9$ 9 section #ecab7;a7 ( title #ca1 ,unit$ ,/ates ,code71 bank hold+ company 7z def9$ 9 section #b ( ! ,bank ,hold+ ,company ,act ( #aief 7#ab ,u4,s4,c4 #ahda771 sav+s & loan hold+ company 7z def9$ 9 section #aj7;a7 ( ! ,home ,own]s' ,loan ,act 7#ab ,u4,s4,c4 #adfg;a7a7771 or any o!r entity1 includ+ an entity t lawfully possesses non-public in=mation & records ( ! ,special ,inspector ,g5]al1 may disclose in=mation & records ) respect to ! duties ( ! ,special ,inspector ,g5]al "u ?is section unless-- 7,a7 ! ,special ,inspector ,g5]al has approv$ a reque/ = t in=mation or ^? records1 z applicable1 "u proc$ures e/abli%$ by ! ,special ,inspector ,g5]al2 or 7,b7 7i7 an appropriate c\rt ( ! ,unit$ ,/ates has ord]$ t in=mation or ^? records1 z applicable1 be releas$2 & 7ii7 ! ,special ,inspector ,g5]al _h ! opportunity to oppose ! release ( ! mat]ial describ$ 9 clause 7i7 9 a proce$+ be=e ! c\rt describ$ 9 t clause4 7#b7 ,application ( privilege ,no ,f$]al or ,/ate f9ancial in/itutions regulatory ag5cy1 includ+ ! ,(fice ( ! ,comptroll] ( ! ,curr5cy1 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 ! ,f$]al res]ve banks1 ! ,f$]al ,deposit ,insurance ,corporation1 ! ,bureau ( ,consum] ,f9ancial ,protection1 ! ,f$]al ,h\s+ ,f9ance ,ag5cy1 & any ,/ate bank+ ag5cy1 may1 on ! basis ( any common law privilege1 includ+ ! bank exam9] privilege1 d5y ! ,special ,inspector ,g5]al access to in=mation or records aft] ! ,special ,inspector ,g5]al has reque/$ t in=mation or ^? records1 z applicable4 4 #c4 ,c]tification 7a7 ,def9itions ,9 ?is section-- 7#a7 ! t]m appropriate entity means-- 7,a7 ! ,special ,inspector ,g5]al = ! ,tr\bl$ ,asset ,relief ,program or any successor entity2 or 7,b7 if ! ,program or entity describ$ 9 subp>agraph 7,a7 does n exi/1 ! ,attorney ,g5]al2 7#b7 ! t]ms bank hold+ company & sav+s & loan hold+ company h ! mean+s giv5 ^? t]ms 9 section #aj7;a7 ( ! ,home ,own]s' ,loan ,act 7#ab ,u4,s4,c4 #adfg;a7a772 & 7#c7 ! t]m f9ancial in/itution has ! mean+ giv5 ! t]m 9 section #ecab7;a7 ( title #ca1 ,unit$ ,/ates ,code4 7b7 ,c]tification ,! *ief executive (fic]1 *ief f9ancial (fic]1 *ief op]at+ (fic]1 & *ief compliance (fic] ( a f9ancial in/itution1 a bank hold+ company1 or a sav+s & loan hold+ company ) assets great] ?an #aj1jjj1jjj1jjj1 %all submit to ! appropriate entity1 subject to section #ajja ( title #ah1 ,unit$ ,/ates ,code1 an annual c]tification t ! (fic]s h conduct$ due dilig5ce & f\nd t !re is no crim9al conduct or civil fraud 9 ! f9ancial in/itution1 bank hold+ company1 or sav+s & loan hold+ company1 z applicable1 t has n be5 disclos$ 9 full to ! ,dep>tm5t ( ,ju/ice or ! applicable regulator4 ,if a disclosure to ! ,dep>tm5t ( ,ju/ice or ! applicable regulator has be5 made1 ! c]tification %all explicitly describe all ( ! details ( ! conduct t has be5 disclos$1 includ+ b n limit$ to1 ! date ( disclosure1 & ! p]son to :om ! disclosure 0 made4 7c7 ,regulations ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! appropriate entity %all promulgate regulations on ! process "u :i* c]tifications made "u subsection 7b7 %all be submitt$4 7d7 ,website ,! appropriate entity %all1 on ! website ( ! appropriate entity-- 7#a7 )9 #ij cal5d> days foll[+ ! promulgation ( regulations "u subsection 7c71 & on an annual basis !reaft]1 publi% a li/ ( all f9ancial in/itutions1 bank hold+ companies1 & sav+s & loan hold+ companies subject to ! upcom+ ye>'s annual c]tification requirem5t "u subsection 7b72 & 7#b7 ma9ta9 on ! homepage a direct l9k = ! public to report alleg$ misconduct p]ta9+ to any entity li/$ "u p>agraph 7#a74 7e7 ,effective date ,subsection 7b7 %all take effect on ! effective date ( ! regulations promulgat$ "u subsection 7c74 7f7 ,en=cem5t 7#a7 ,injunctions ,:5 ! ,secret>y ( ! ,treasury believes a p]son has violat$1 is violat+1 or w violate ?is section or a regulation prescrib$ "u ?is section1 ! ,secret>y may br+ a civil action 9 ! appropriate di/rict c\rt ( ! ,unit$ ,/ates or appropriate ,unit$ ,/ates c\rt ( a t]ritory or possession ( ! ,unit$ ,/ates to enjo9 ! violation or to en=ce compliance ) ! section or regulation4 ,an injunction or tempor>y re/ra9+ ord] %all be issu$ )\t bond4 7#b7 ,civil p5alties 7,a7 ,9 g5]al ,a *ief executive (fic]1 *ief f9ancial (fic]1 *ief op]at+ (fic]1 & *ief compliance (fic] ( a f9ancial in/itution1 a bank hold+ company1 or a sav+s & loan hold+ company1 willfully violat+ ?is section or a regulation prescrib$ "u ?is section is liable to ! ,unit$ ,/ates ,gov]nm5t = a civil p5alty ( n m ?an #be1jjj4 7,b7 ,neglig5ce 7i7 ,9 g5]al ,! ,secret>y ( ! ,treasury may impose a civil money p5alty ( n m ?an #ejj on any *ief executive (fic]1 *ief f9ancial (fic]1 *ief op]at+ (fic]1 & *ief compliance (fic] ( a f9ancial in/itution1 a bank hold+ company1 or a sav+s & loan hold+ company :o neglig5tly violates any provision ( ?is section or any regulation prescrib$ "u ?is section4 7ii7 ,patt]n ( neglig5t activity ,if any *ief executive (fic]1 *ief f9ancial (fic]1 *ief op]at+ (fic]1 & *ief compliance (fic] ( a f9ancial in/itution1 a bank hold+ company1 or a sav+s & loan hold+ company engages 9 a patt]n ( neglig5t violations ( any provision ( ?is section or any regulation prescrib$ "u ?is section1 ! ,secret>y ( ! ,treasury may1 9 addition to any p5alty impos$ "u clause 7i7 ) respect to any su* violation1 impose a civil money p5alty ( n m ?an #ej1jjj on ! *ief executive (fic]1 *ief f9ancial (fic]1 *ief op]at+ (fic]1 & *ief compliance (fic] ( a f9ancial in/itution1 a bank hold+ company1 or a sav+s & loan hold+ company4 7#c7 ,crim9al p5alties 7,a7 ,9 g5]al ,a *ief executive (fic]1 *ief f9ancial (fic]1 *ief op]at+ (fic]1 & *ief compliance (fic] ( a f9ancial in/itution1 a bank hold+ company1 or a sav+s & loan hold+ company willfully violat+ ?is section or a regulation prescrib$ "u ?is section %all be f9$ n m ?an #bej1jjj1 or imprison$ = n m ?an #e ye>s1 or bo?4 7,b7 ,o!r laws ,a *ief executive (fic]1 *ief f9ancial (fic]1 *ief op]at+ (fic]1 & *ief compliance (fic] ( a f9ancial in/itution1 a bank hold+ company1 or a sav+s & loan hold+ company willfully violat+ ?is section or a regulation prescrib$ "u ?is section :ile violat+ ano!r law ( ! ,unit$ ,/ates or z "p ( a patt]n ( any illegal activity involv+ m ?an #ajj1jjj 9 a #ab-mon? p]iod1 %all be f9$ n m ?an #ejj1jjj1 imprison$ = n m ?an #aj ye>s1 or bo?4 #d4 ,acc\ntability 9 def]r$ prosecution agreem5ts ,section #cafa7;h77#b7 ( title #ah1 ,unit$ ,/ates ,code1 is am5d$-- 7#a7 by /rik+ ,any & ins]t+ 7,a7 ,any2 & 7#b7 by add+ at ! end ! foll[+3 7,b7 7i7 ,if ! def5dant describ$ 9 subp>agraph 7,a7 is a p]son o!r ?an an individual1 ! c\rt may n approve an agreem5t describ$ 9 t subp>agraph unless ! c\rt det]m9es t ! agreem5t is 9 ! public int]e/1 includ+ ext5d+ ! t]m ( su* an agreem5t4 7ii7 ,9 mak+ ! det]m9ation "u clause 7i71 ! c\rt %all consid]-- 7,i7 :e!r any re=ms requir$ "u ! agreem5t are likely to prev5t simil> unlawful behavior 9 ! future2 7,,ii7 :e!r any p5alties "u ! agreem5t are suffici5t to comp5sate victims & det] future unlawful actions2 7,,iii7 if ! def5dant has previ\sly be5 convict$ or ent]$ into a def]r$ prosecution agreem5t ) ! ,gov]nm5t 9 connection ) relat$ activity1 ! c\rt may n1 )\t good cause1 approve su* an agreem5t4 7iii7 ,any p]iod ( delay dur+ :i* ! c\rt is mak+ ! det]m9ation "u ?is subp>agraph %all be includ$ 9 ! p]iod ( delay describ$ 9 subp>agraph 7,a74 7,c7 7i7 ,! c\rt may1 on its own or on motion ( any p>ty or ( an indep5d5t monitor1 if "o is appo9t$ pursuant to an agreem5t describ$ 9 subp>agraph 7,a71 review ! implem5tation or t]m9ation ( ! agreem5t1 & take any appropriate action1 to assure t ! implem5tation or t]m9ation is 9 ! public int]e/4 7ii7 ,! c\rt may ord] a p>ty or an indep5d5t monitor to file evid5ce ) ! c\rt to aid ! c\rt 9 mak+ ! det]m9ation "u clause 7i74 7,d7 7i7 ,except z provid$ 9 clause 7ii71 ! ,attorney ,g5]al %all make available on ! public website ( ! ,dep>tm5t ( ,ju/ice-- 7,i7 ! text ( any agreem5t describ$ 9 subp>agraph 7,a7 betwe5 an attorney = ! ,gov]nm5t & a def5dant t is a p]son o!r ?an an individual2 & 7,,ii7 all ! t]ms & conditions ( any agreem5t or und]/&+ betwe5 an indep5d5t monitor appo9t$ pursuant to ! agreem5t describ$ 9 subclause 7,i7 & ! def5dant4 7ii7 ,! in=mation describ$ 9 clause 7i7 & subp>agraph 7,c77ii7 %all n be made publicly available if1 ^u petition by any int]e/$ p>ty1 ! c\rt f9ds t !re is good cause to n make su* in=mation public1 includ+ t ! in=mation is propriet>y1 confid5tial1 a trade secret1 or meets ! requirem5ts ( rule #di4a ( ! ,f$]al ,rules ( ,crim9al ,proc$ure4 4