Page:United States Statutes at Large Volume 124.djvu/2104

 124 STAT. 2078 PUBLIC LAW 111–203—JULY 21, 2010 (B) REQUIREMENTS.—In making any amendments to the Federal Sentencing Guidelines and policy statements under subparagraph (A), the United States Sentencing Commission shall— (i) ensure that the guidelines and policy state- ments, particularly section 2B1.1(b)(14) and section 2B1.1(b)(17) (and any successors thereto), reflect— (I) the serious nature of the offenses described in subparagraph (A); (II) the need for an effective deterrent and appropriate punishment to prevent the offenses; and (III) the effectiveness of incarceration in fur- thering the objectives described in subclauses (I) and (II); (ii) consider the extent to which the guidelines appropriately account for the potential and actual harm to the public and the financial markets resulting from the offenses; (iii) ensure reasonable consistency with other rel- evant directives and guidelines and Federal statutes; (iv) make any necessary conforming changes to guidelines; and (v) ensure that the guidelines adequately meet the purposes of sentencing, as set forth in section 3553(a)(2) of title 18, United States Code. (2) FINANCIAL INSTITUTION FRAUD.— (A) DIRECTIVE.—Pursuant to its authority under sec- tion 994 of title 28, United States Code, and in accordance with this paragraph, the United States Sentencing Commission shall review and, if appropriate, amend the Federal Sentencing Guidelines and policy statements applicable to persons convicted of fraud offenses relating to financial institutions or federally related mortgage loans and any other similar provisions of law, to reflect the intent of Congress that the penalties for the offenses under the guidelines and policy statements ensure appropriate terms of imprisonment for offenders involved in substantial bank frauds or other frauds relating to financial institu- tions. (B) REQUIREMENTS.—In making any amendments to the Federal Sentencing Guidelines and policy statements under subparagraph (A), the United States Sentencing Commission shall— (i) ensure that the guidelines and policy statements reflect— (I) the serious nature of the offenses described in subparagraph (A); (II) the need for an effective deterrent and appropriate punishment to prevent the offenses; and (III) the effectiveness of incarceration in fur- thering the objectives described in subclauses (I) and (II); (ii) consider the extent to which the guidelines appropriately account for the potential and actual harm 28 USC 994 note.