§41306 Report to Congress on Banking Law Offenses

Summary

The Attorney General must gather information about civil and criminal work on certain banking crimes—those in 18 U.S.C. 981, 1008, 1032, and 3322(d), and 12 U.S.C. 1833a, plus conspiracies to commit them. The data must show how many investigations, prosecutions, and enforcement or recovery actions are happening, including ones that are inactive. It must count inactive matters and unhandled referrals and say why they are inactive or unaddressed. It must also report matters that closed, settled, or went to trial and the outcomes like convictions, pretrial diversions, fines, restitution, and recovered damages. The Attorney General must analyze and send these reports to Congress monthly through December 31, 1991, and then quarterly, and include coordination activities under section 41501(c)(2). Each report must break data down by types of financial institutions and loss-size categories, give results for every Federal judicial district, describe the Financial Institution Fraud Unit’s work, and list how many failed and open institutions showed serious fraud or misconduct, the civil, criminal, and administrative actions taken, settlements or judgments, indictments/guilty pleas/verdicts, and the resources used on these cases.