Page:United States Statutes at Large Volume 103 Part 1.djvu/487

 information. PUBLIC LAW 101-73 —AUG. 9, 1989 103 STAT. 459 clause of subparagraph (A) with respect to which such party proposes to become an institution-affiliated c party, subparagraph (A) shall, to the extent of such consent, cease to apply to such party with respect to the institution de- scribed in each written consent. If any person receives such a written consent from the Board, the Board shall publicly disclose such consent. If the agency referred to in clause (ii) Reports. grants such a written consent, such agency shall report?^^|^ such action to the Board and publicly disclose such consent. "(C) VIOLATION OP PARAGRAPH TREATED AS VIOLATION OP ORDER. —Any violation of subparagraph (A) by any person who is subject to an order described in such subparagraph shall be treated as a violation of the order. "(D) APPROPRIATE FEDERAL FINANCIAL INSTITUTIONS REGU- LATORY AGENCY DEFINED.— For purposes of this paragraph and subsection (1), the term "appropriate Federal financial institutions regulatory agency" means— "(i) the appropriate Federal banking agency, as pro- vided in section 3(q) of the Federal Deposit Insurance Act; "(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) APPLICABILITY. —T h is paragraph shall only apply to a person who is an individual, unless the Board specifically finds that it should apply to a corporation, firm, or other business enterprise.". SEC. 905. ENFORCEMENT PROCEEDINGS ALLOWED AFTER SEPARATION FROM SERVICE. (a) DEPOSITORY INSTITUTIONS INSURED BY THE FDIC. — Section 8(i) of the Federal Deposit Insurance Act (12 U.S.C. 1818(i)) is amended by adding at the end thereof the following new paragraph: " (3) NOTICE UNDER THIS SECTION AFTER SEPARATION FROM SERV- ICE.—The resignation, termination of employment or participa- tion, or separation of an institution-affiliated party (including a separation caused by the closing of an insured depository institution) shall not affect the jurisdiction and authority of the appropriate Federal banking agency to issue any notice and proceed under this section against any such party, if such notice is served before the end of the 6-year period beginning on the date such party ceased to be such a party with respect to such depository institution (whether such date occurs before, on, or after the date of the enactment of this paragraph).".

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