Page:United States Statutes at Large Volume 100 Part 4.djvu/310

 100 STAT. 3207-31

PUBLIC LAW 99-570—OCT. 27, 1986

(1) by redesignating paragraphs (15) and (16) as paragraphs (16) and (17), respectively; and (2) by inserting after paragraph (14) the following new paragraph: i "(15) INVESTIGATIVE AND ENFORCEMENT AUTHORITY.—

"(A) INVESTIGATIONS.—The appropriate Federal banking agency may exercise any authority vested in such agency under section 8(n) in the course of conducting any investigation under paragraph (2)(B) or any other investigation which the agency, in its discretion, determines is necessary to determine whether any person has filed inaccurate, incomplete, or misleading information under this subsection or otherwise is violating, has violated, or is about to violate any provision of this subsection or any regulation prescribed under this subsection. "(B) ENFORCEMENT.—Whenever it appears to the appropriate Federal banking agency that any person is violating, has violated, or is about to violate any provision of this subsection or any regulation prescribed under this subsection, the agency may, in its discretion, apply to the appropriate district court of the United States or the United States court of any territory for— "(i) a temporary or permanent injunction or restraining order enjoining such person from violating this subsection or any regulation prescribed under this subsection; or "(ii) such other equitable relief as may be necessary to prevent any such violation (including divestiture).

12 USC 1818.

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ii w. "(C) JURISDICTION.—

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"(i) The district courts of the United States and the United States courts in any territory shall have the same jurisdiction and power in connection with any exercise of any authority by the appropriate Federal banking agency under subparagraph (A) as such courts have under section 8(n). "(ii) The district courts of the United States and the United States courts of any territory shall have jurisdiction and power to issue any injunction or restraining order or grant any equitable relief described in subparagraph (B). When appropriate, any injunction, order, or other equitable relief granted under this paragraph shall be granted without requiring the posting of any bond.",

SEC. 1361. CHANGE IN SAVINGS AND LOAN CONTROL ACT AMENDMENTS. (a) ADDITIONAL REVIEW TIME.— (1) INITIAL EXTENSION AT DISCRETION OF AGENCY.—The

first sentence of section 407(q)(l) of the National Housing Act (12 U.S.C. 173(KqXl)) is amended by striking out "or extending up to another thirty days" and inserting in lieu thereof "or, in the discretion of the Corporation, extending for an additional 30 days". (2) ADDITIONAL EXTENSIONS IN CASE OF INCOMPLETE OR INACCURATE NOTICE OR TO CONTINUE INVESTIGATION.—The second

sentence of section 407(q)(l) of the National Housing Act (12 U.S.C. 1730(q)(l)) is amended to read as follows: "The period for disapproval under the preceding sentence may be extended not to exceed 2 additional times for not more than 45 days each time if—

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