HR 5180 · 101th Congress · Finance and Financial Sector

Depository Institutions' Civil and Criminal Enforcement Act

Introduced 1990-06-27· Sponsored by Rep. Martin, Lynn M. [R-IL-16]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.(1990-07-15)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (16)

1 Democrat15 Republicans