§ 3420. Grand jury information; notification of certain persons prohibited
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/usc/title-12/section-3420A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Financial records about a customer obtained from a financial institution pursuant to a subpena issued under the authority of a Federal grand jury—
(1)shall be returned and actually presented to the grand jury unless the volume of such records makes such return and actual presentation impractical in which case the grand jury shall be provided with a description of the contents of the records.; 1
(2)shall be used only for the purpose of considering whether to issue an indictment or presentment by that grand jury, or of prosecuting a crime for which that indictment or presentment is issued, or for a purpose authorized by rule 6(e) of the Federal Rules of Criminal Procedure, or for a purpose authorized by section 3412(a) of this title;
(3)shall be destroyed or returned to the financial institution if not used for one of the purposes specified in paragraph (2); and
(4)shall not be maintained, or a description of the contents of such records shall not be maintained by any Government authority other than in the sealed records of the grand jury, unless such record has been used in the prosecution of a crime for which the grand jury issued an indictment or presentment or for a purpose authorized by rule 6(e) of the Federal Rules of Criminal Procedure.
(1)No officer, director, partner, employee, or shareholder of, or agent or attorney for, a financial institution shall, directly or indirectly, notify any person named in a grand jury subpoena served on such institution in connection with an investigation relating to a possible—
(A)crime against any financial institution or supervisory agency or crime involving a violation of the Controlled Substance Act [21 U.S.C. 801 et seq.], the Controlled Substances Import and Export Act [21 U.S.C. 951 et seq.], section 1956, 1957, or 1960 of title 18, sections 5313, 5316, 5322, 5324, 5331, and 5332 of title 31, or section 6050I of title 26; or
(B)conspiracy to commit such a crime,
about the existence or contents of such subpoena, or information that has been furnished to the grand jury in response to such subpoena.
(2)Section 1818 of this title and section 1786(k)(2) of this title shall apply to any violation of this subsection.
(Pub. L. 95–630, title XI, § 1120, Nov. 10, 1978, 92 Stat. 3709; Pub. L. 100–690, title VI, § 6186(e), Nov. 18, 1988, 102 Stat. 4358; Pub. L. 101–73, title IX, § 943, Aug. 9, 1989, 103 Stat. 497; Pub. L. 102–550, title XV, § 1532, Oct. 28, 1992, 106 Stat. 4066; Pub. L. 107–56, title III, § 358(f)(3), Oct. 26, 2001, 115 Stat. 327; Pub. L. 116–283, div. F, title LXIII, § 6308(d), Jan. 1, 2021, 134 Stat. 4594.)
Connections12 cite this · traces to 9
Cited by 12 sections
public-private-law
statutes-at-large
- Public Law 95–630To extend the authority for the flexible regulation of Interest rates on deposits and accounts in depository institutions
- Public Law 101–73To reform, recapitalize, and consolidate the Federal deposit insurance system, to enhance the regulatory and enforcement powers of Federal financial institutions regulatory agencies, and for other purposes
- Public Law 100–690To prevent the manufacturing, distribution, and use of illegal drugs, and for other purposes
- Public Law 102–550To amend and extend certain laws relating to housing and community development, and for other purposes
- Public Law 107–56To deter and punish terrorist acts in the United States and around the world, to enhance law enforcement investigatory tools, and for other purposes
- Public Law 116–283To authorize appropriations for fiscal year 2021 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes
statute-compilations
Traces to 9 documents
U.S. Code
- Use of information§ 3412
- Congressional findings and declarations: controlled substances§ 801
- Definitions§ 951
- Returns relating to cash received in trade or business, etc.§ 6050I
- Termination of status as insured depository institution§ 1818
- Termination of insured credit union status; cease and desist orders; removal or suspension from office; procedure§ 1786
- Retention of records by insured depository institutions§ 1829b
- Extensions of credit to executive officers, directors, and principal shareholders of member banks§ 375b
21 references not yet in our index
- 1
- Pub. L. 95–630, title XI, § 1120
- 92 Stat. 3709
- Pub. L. 100–690, title VI, § 6186(e)
- 102 Stat. 4358
- Pub. L. 101–73, title IX, § 943
- 103 Stat. 497
- Pub. L. 102–550, title XV, § 1532
- 106 Stat. 4066
- Pub. L. 107–56, title III, § 358(f)(3)
- 115 Stat. 327
- 134 Stat. 4594
- Pub. L. 91–513
- 84 Stat. 1242
- 84 Stat. 1285
- Pub. L. 107–56
- Pub. L. 102–550
- Pub. L. 101–73
- Pub. L. 100–690
- section 358(h) of Pub. L. 107–56
- section 2101 of Pub. L. 95–630
Citation graph
cites case law
§ 3420
Grand jury information; notification of certain persons prohibited
Stat.×6
Bills×3
Stat. Comp.×2
Pub. L.×1
Cite1
Pub. L.Pub. L. 95–630, title XI, § 1120
Stat.92 Stat. 3709
Cites 30 · showing 12Cited by 12 across 4 sources