U.S. Code > Title 12 Banks and Banking > CHAPTER 43—ACTIONS AGAINST PERSONS COMMITTING BANK FRAUD CRIMES (§§ 4201—4247) > SUBCHAPTER II—DECLARATIONS PROVIDING UNITED STATES WITH NEW INFORMATION CONCERNING RECOVERY OF ASSETS (§§ 4221—4230) > § 4227. Unreviewed declarations; petition to pursue action as private contractor

§ 4227. Unreviewed declarations; petition to pursue action as private contractor

(a) Notification
(1) If, pursuant to section 4226 (d)(1)(B) of this title, the Attorney General notifies a declarant that the declarant’s allegations have not yet been addressed, the declarant may notify the Attorney General to award a contract pursuant to subchapter III of this chapter to pursue the case.
(2) A declarant’s notification under paragraph (1) shall be filed with the Attorney General not later than 30 days after the date of service of notice under section 4226 (d)(1)(B) of this title, and the Attorney General shall respond to the notification not later than 30 days after receipt.
(b) Contents of response
In response to a notification under subsection (a)(1) of this section, the Attorney General shall—
(1) grant a contract pursuant to subchapter III of this chapter; or
(2) proceed with an action.
(c) Grant of contract
If the Attorney General decides to grant a contract, the declarant, after consultation with the Attorney General, shall have the right to select counsel to prosecute an action, and the declarant and the declarant’s counsel shall act in accordance with subchapter III of this chapter.