Page:United States Statutes at Large Volume 122.djvu/2795

 12 2 STA T . 2 7 72 PUBLIC LA W 11 0– 2 89—J UL Y3 0, 2008 termina te d,o r s et aside by a c tion o f t h e D irector or a re v ie w in g co u rt .‘ ‘ ( d )PROHIB I T IO N O FCE RT A IN SP E C IFIC A CTI V ITIE S . — Any p erson sub j ect to an order issued under this section sha l l not— ‘‘( 1 ) participate in any manner in the conduct of the affairs of any regulated entity or the O ffice of F inance ‘‘( 2 ) solicit, procure, transfer, attempt to transfer, vote, or attempt to vote any pro x y, consent, or authori z ation with respect to any voting rights in any regulated entity; ‘‘( 3 ) violate any voting agreement previously approved by the Director; or ‘‘( 4 ) vote for a director, or serve or act as an entity - affiliated party of a regulated entity or as an officer or director of the Office of Finance. ‘‘(e) I N DU STR Y - W IDE PROHIBITION.— ‘‘(1) IN G ENERA L .— E xcept as provided in paragraph (2), any person who, pursuant to an order issued under this section, has been removed or suspended from office in a regulated entity or the Office of Finance, or prohibited from participating in the conduct of the affairs of a regulated entity or the Office of Finance, 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, any regulated entity or the Office of Finance. ‘‘(2) E X CEPTION IF DIRECTOR PROVIDES W RITTEN CONSENT.— If, on or after the date on which an order is issued under this section which removes or suspends from office any party, or prohibits such party from participating in the conduct of the affairs of a regulated entity or the Office of Finance, such party receives the written consent of the Director, the order shall, to the extent of such consent, cease to apply to such party with respect to the regulated entity or such Office of Finance described in the written consent. Any such consent shall be publicly disclosed. ‘‘(3) V IOLATION OF PARAGRAPH (1) TREATED AS VIOLATION OF ORDER.—Any violation of paragraph (1) by any person who is subject to an order issued under subsection (h) shall be treated as a violation of the order. ‘‘(f) APPLICABILITY.— T his section shall only apply to a person who is an individual, unless the Director specifically finds that it should apply to a corporation, firm, or other business entity. ‘‘(g) STAY OF SUSPENSION AND PROHIBITION OF ENTITY-AFFILI- ATED PARTY.— N ot later than 1 0 days after the date on which any entity-affiliated party has been suspended from office or prohib- ited from participation in the conduct of the affairs of a regulated entity under this section, such party may apply to the U nited States District Court for the District of Columbia, or the United States district court for the judicial district in which the head- q uarters of the regulated entity is located, for a stay of such suspen- sion or prohibition pending the completion of the administrative proceedings pursuant to subsection (c). The court shall have jurisdic- tion to stay such suspension or prohibition. ‘‘(h) SUSPENSION OR R E M OVAL OF ENTITY-AFFILIATED PARTY CHARGED WITH FELONY.— ‘‘(1) SUSPENSION OR PROHIBITION.— ‘‘(A) IN GENERAL.—Whenever any entity-affiliated party is charged in any information, indictment, or complaint, Deadlin e .

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