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Code · BILL · 116th Congress · S. 3003 (Introduced in Senate) — To provide requirements for the appropriate Federal banking agencies when requesting or ordering a depository institu... · Sec. 3

Sec. 3. Amendments to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989

213 words·~1 min read·/bill/116/s/3003/is/section-3

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Section 951 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ( 12 U.S.C. 1833a ) is amended— in subsection (c)(2)— by inserting a comma after 1341 ; and by striking affecting a federally insured financial institution and inserting against a federally insured financial institution or by a federally insured financial institution against an unaffiliated third person ; and in subsection (g)— in the subsection heading, by striking and inserting subpoenas ; and investigations by striking paragraph (1)(C) and inserting the following: summon witnesses and require the production of any books, papers, correspondence, memoranda, or other records which the Attorney General deems relevant or material to the inquiry, if the Attorney General— requests a court order from a court of competent jurisdiction for such actions and offers specific and articulable facts showing that there are reasonable grounds to believe that the information or testimony sought is relevant and material for conducting an investigation under this section; or either personally or through delegation no lower than the Deputy Attorney General, issues and signs a subpoena for such actions and such subpoena is supported by specific and articulable facts showing that there are reasonable grounds to believe that the information or testimony sought is relevant for conducting an investigation under this section. .
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Sec. 3
Amendments to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989
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