H.R.5180 - Depository Institutions' Civil and Criminal Enforcement Act101st Congress (1989-1990)
|Sponsor:||Rep. Martin, Lynn M. [R-IL-16] (Introduced 06/27/1990)|
|Committees:||House - Banking, Finance, and Urban Affairs; Judiciary|
|Latest Action:||House - 07/15/1990 Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance. (All Actions)|
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Summary: H.R.5180 — 101st Congress (1989-1990)All Information (Except Text)
Introduced in House (06/27/1990)
Depository Institutions' Civil and Criminal Enforcement Act - Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to change the amount of civil penalty assessed for specified violations from up to $1,000,000 to 25 percent of the violator's net worth. Removes special penalty rules for continuing violations and violations creating gain or loss.
Amends Federal criminal law to impose a minimum two-year prison term for certain violations, including theft and embezzlement, involving depository institutions and a minimum one-year prison term for obstruction of justice.