§ 1829. Penalty for unauthorized participation by convicted individual
(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 money laundering, or has agreed to enter into a pretrial diversion or similar program in connection with a prosecution for such offense, may not—
(2)
Minimum 10-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—
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
(b)
Penalty
Whoever knowingly violates subsection (a) of this section shall be fined not more than $1,000,000 for each day such prohibition is violated or imprisoned for not more than 5 years, or both.
(d)
2 Bank holding companies
(1)
In general
Subsections (a) and (b) shall apply to any company (other than a foreign bank) that is a bank holding company and any organization organized and operated under section 25A of the Federal Reserve Act [12 U.S.C. 611 et seq.] or operating under section 25 of the Federal Reserve Act [12 U.S.C. 601 et seq.], as if such bank holding company or organization were an insured depository institution, except that such subsections shall be applied for purposes of this subsection by substituting “Board of Governors of the Federal Reserve System” for “Corporation” each place that term appears in such subsections.
(e)
Savings and loan holding companies
(1)
In general
Subsections (a) and (b) shall apply to any savings and loan holding company as if such savings and loan holding company were an insured depository institution, except that such subsections shall be applied for purposes of this subsection by substituting “Director of the Office of Thrift Supervision” for “Corporation” each place that term appears in such subsections.
[1] See References in Text note below.
[2] So in original. No subsec. (c) has been enacted.