Page:Emergency Economic Stabilization Act of 2008.djvu/78

 O:kiYOkiYO08C04.xml 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 78 tion, certificate, or share is insured under this Act, if such deposit liability, obliga- tion, certificate, or share is not so insured, to the extent or in the manner represented. "(C) AUTHORITY OF THE APPROPRIATE FEDERAL BANKING AGENCY. The appropriate Federal banking agency shall have enforcement authority in the case of a violation of this para- graph by any person for which the agency is the appropriate Federal banking agency, or any in- stitution-affiliated pay thereof. "(D) CORPORATION AUTHORITY IF THE APPROPRIATE FEDERAL BANKING AGENCY FAILS TO FOLLOW RECOMMENDATION.-- "(i) RECOmmENDATION. The Cor- poration may recommend in writing to the appropriate Federal banking agency that the agency take any enforcement action authorized under section 8 for purposes of enforcement of this paragraph with respect to any person for which the agency is the appropriate Federal banking agency or any institution-affiliated party thereof. "(ii) AGENCY RESPONSE.--If the ap- propriate Federal banking agency does not,

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