Page:United States Statutes at Large Volume 104 Part 6.djvu/490

 104 STAT. 4880 PUBLIC LAW 101-647—NOV. 29, 1990 (i) or (n) of section 902 of the Federal Aviation Act of 1958 (relating to aircraft piracy)". SEC. 2532. FOREIGN INVESTIGATIONS BY FEDERAL BANKING AGENCIES AND INVESTIGATIONS ON BEHALF OF FOREIGN BANKING AUTHORITIES. (a) APPROPRIATE FEDERAL BANKING AGENCIES, GENERALLY. — Section 8 of the Federal Deposit Insurance Act (12 U.S.C. 1818) is amended by adding at the end thereof the following new subsection: " (v) FOREIGN INVESTIGATIONS.— "(1) REQUESTING ASSISTANCE FROM FOREIGN BANKING AUTHORI- TIES.—In conducting any investigation, examination, or enforcement action under this Act, the appropriate Federal banking agency may— "(A) request the assistance of any foreign banking authority; £Uld "(B) maintain an ofRce outside the United States. " (2) PROVIDING ASSISTANCE TO FOREIGN BANKING AUTHORI- TIES.— "(A) IN GENERAL.— Any appropriate Federal banking agency may, at the request of any foreign banking authority, assist such authority if such authority states that the requesting authority is conducting an investigation to determine whether any person has violated, is violating, or is about to violate any law or regulation relating to banking matters or currency transactions administered or enforced by the requesting authority. " (B) INVESTIGATION BY FEDERAL BANKING AGENCY. —Any appropriate Federal banking agency may, in such agency's discretion, investigate and collect information and evidence pertinent to a request for assistance under subparagraph (A). Any such investigation shall comply with the laws of the United States and the policies and procedures of the appropriate Federal banking agency. "(C) FACTORS TO CONSIDER. —In deciding whether to provide assistance under this paragraph, the appropriate Federal banking agency shall consider— "(i) whether the requesting authority has agreed to provide reciprocal assistance with respect to banking matters within the jurisdiction of any appropriate Federal banking agency; and "(ii) whether compliance with the request would prejudice the public interest of the United States. "(D) TREATMENT OF FOREIGN BANKING AUTHORITY. — For purposes of any Federal law or appropriate Federal banking agency regulation relating to the collection or transfer of information by any appropriate Federal banking agency, the foreign banking authority shall be t t.3.ted as another appropriate Federal banking agency. "(3) RULE OF CONSTRUCTION.— Paragraphs (1) and (2) shall not be construed to limit the authority of an appropriate Federal banking agency or any other Federal agency to provide or receive assistance or information to or from any foreign authority with respect to any matter.". (b) FOREIGN INVESTIGATIONS BY FDIC AND RTC AS CONSERVATOR OR RECEIVER.—Section 11 of the Federal Deposit Insurance Act (12

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