Page:United States Statutes at Large Volume 103 Part 1.djvu/486

 103 STAT. 458 PUBLIC LAW 101-73—AUG. 9, 1989 f and subsection 0 ' )> the term "appropriate Federal financial institutions regulatory agency" means— "(i) the appropriate Federal banking agency, in the case of an insured depository institution; "(ii) the Farm Credit Administration, in the case of an institution chartered under the Farm Credit Act of 1971; "(iii) the National Credit Union Administration ': Board, in the case of an insured credit union (as defined in section 101(7) of the Federal Credit Union Act); "(iv) the Secretary of the Treasury, in the case of the Federal Housing Finance Board and any Federal home loan bank; and "(v) the Oversight Board, in the case of the Resolu- tion Trust Corporation. "(E) CONSULTATION BETWEEN AGENCIES. —The agencies re- ferred to in clauses (i) and (ii) of subparagraph (B) shall consult with each other before providing any written con- sent described in subparagraph (B). " (F) AppLiCABiLrry. —Th is paragraph shall only apply to a person who is an individual, unless the appropriate Federal banking agency specifically finds that it should apply to a corporation, firm, or other business enterprise.", (b) CREDIT UNIONS INSURED BY THE NCUA.—Section 206(g)(7) of the Federal Credit Union Act (12 U.S.C. 1786(g)(7)) is amended to read as follows: "(7) INDUSTRYWIDE PROHIBITION. — "(A) IN GENERAL. —Except as provided in subparagraph (B), any person who, pursuant to an order issued under this subsec- tion or subsection (i), has been removed or suspended from office in an insured credit union or prohibited from participating in the conduct of the affairs of an insured credit union may not, while such order is in effect, continue or commence to hold any office in, or participate in any manner in the conduct of the affairs of— "(i) any insured depository institution; "(ii) any institution treated as an insured bank under paragraph (3) or (4) of section 8(b) of the Federal Deposit Insurance Act, or as a savings association under section 8(b)(8) of such Act; "(iii) any insured credit union; "(iv) any institution chartered under the Farm Credit Act of 1971; "(v) any appropriate Federal depository institution regu- latory agency; "(vi) the Federal Housing Finance Board and any Federal home loan bank; and "(vii) the Resolution Trust Corporation. "(B) EXCEPTION IF AGENCY PROVIDES WRITTEN CONSENT. — If, on or after the date an order is issued under this subsection which removes or suspends from office any institution-affiliated party or prohibits such party from participating in the conduct of the affairs of an insured credit union, such party receives the written consent of— "(i) the Board; and "(ii) the appropriate Federal financial institutions regulatory agency of the institution described in any

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