§ 1831k. — Reward for information leading to recoveries or civil penalties.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1831k]
TITLE 12--BANKS AND BANKING
CHAPTER 16--FEDERAL DEPOSIT INSURANCE CORPORATION
Sec. 1831k. Reward for information leading to recoveries or
civil penalties
(a) In general
An appropriate Federal banking agency, with the concurrence of the
Attorney General, may pay a reward to a person who provides original
information which leads to--
(1) recovery of a criminal fine, restitution, or civil penalty--
(A) under--
(i) this chapter;
(ii) the Federal Credit Union Act [12 U.S.C. 1751 et
seq.];
(iii) section 93(b), 164, or 481 to 485 of this title;
(iv) the Federal Reserve Act [12 U.S.C. 221 et seq.];
(v) the Bank Holding Company Act Amendments of 1970;
(vi) the Bank Holding Company Act of 1956 [12 U.S.C.
1841 et seq.];
(vii) the Home Owners' Loan Act [12 U.S.C. 1461 et
seq.]; or
(viii) section 3663 of title 18 pursuant to a conviction
for an offense referred to in subparagraph (B) of this
paragraph,
(B) pursuant to a conviction for an offense under section
215, 656, 657, 1005, 1006, 1007, 1014, 1341, 1343, or 1344 of
title 18 affecting a depository institution insured by the
Federal Deposit Insurance Corporation, or for a conspiracy to
commit such an offense; or
(C) under section 1833a of this title; or
(2) a forfeiture under section 981 or 982 of title 18 that
arises in connection with a depository institution insured by the
Federal Deposit Insurance Corporation.
(b) Percentage limitation
An appropriate Federal banking agency may not pay a reward under
subsection (a) of this section of more than 25 percent of the amount of
the fine, penalty, restitution, or forfeiture or $100,000, whichever is
less.
(c) Officials and persons ineligible
An appropriate Federal banking agency may not pay a reward under
subsection (a) of this section to--
(1) an officer or employee of the United States or of a State or
local government who provides information described in subsection
(a) of this section, obtained in the performance of official duties;
or
(2) a person who--
(A) deliberately causes or participates in the alleged
violation of law or regulation, or
(B) knowingly or recklessly provides substantially false
information to such an agency or the Attorney General.
(d) Nonreviewability
Any agency decision under this section is final and not reviewable
by any court.
(Sept. 21, 1950, ch. 967, Sec. 2[34], as added Pub. L. 101-73, title IX,
Sec. 933(a), Aug. 9, 1989, 103 Stat. 495; amended Pub. L. 101-647, title
XXV, Sec. 2586, Nov. 29, 1990, 104 Stat. 4903; Pub. L. 103-325, title
VI, Sec. 602(a)(62), (63), Sept. 23, 1994, 108 Stat. 2291.)
References in Text
The Federal Credit Union Act, referred to in subsec. (a)(1)(A)(ii),
is act June 26, 1934, ch. 750, 48 Stat. 1216, as amended, which is
classified generally to chapter 14 (Sec. 1751 et seq.) of this title.
For complete classification of this Act to the Code, see section 1751 of
this title and Tables.
The Federal Reserve Act, referred to in subsec. (a)(1)(A)(iv), is
act Dec. 23, 1913, ch. 6, 38 Stat. 251, as amended, which is classified
principally to chapter 3 (Sec. 221 et seq.) of this title. For complete
classification of this Act to the Code, see References in Text note set
out under section 226 of this title and Tables.
The Bank Holding Company Act Amendments of 1970, referred to in
subsec. (a)(1)(A)(v), is Pub. L. 91-607, Dec. 31, 1970, 84 Stat. 1760,
as amended. For complete classification of this Act to the Code, see
Short Title of 1970 Amendment note set out under section 1841 of this
title and Tables.
The Bank Holding Company Act of 1956, referred to in subsec.
(a)(1)(A)(vi), is act May 9, 1956, ch. 240, 70 Stat. 133, as amended,
which is classified principally to chapter 17 (Sec. 1841 et seq.) of
this title. For complete classification of this Act to the Code, see
Short Title note set out under section 1841 of this title and Tables.
The Home Owners' Loan Act, referred to in subsec. (a)(1)(A)(vii), is
act June 13, 1933, ch. 64, 48 Stat. 128, as amended, which is classified
generally to chapter 12 (Sec. 1461 et seq.) of this title. For complete
classification of this Act to the Code, see section 1461 of this title
and Tables.
Amendments
1994--Subsec. (a)(1)(A)(iii). Pub. L. 103-325, Sec. 602(a)(62),
substituted ``section'' for ``sections'' and ``or'' for ``and''.
Subsec. (a)(2). Pub. L. 103-325, Sec. 602(a)(63), inserted period at
end.
1990--Subsec. (a)(1). Pub. L. 101-647, Sec. 2586(1), struck out ``,
in an amount that exceeds $50,000,'' after ``recovery'' in introductory
provisions.
Subsec. (a)(2). Pub. L. 101-647, Sec. 2586(2), amended par. (2)
generally. Prior to amendment, par. (2) read as follows: ``a forfeiture
under section 981 or 982 of title 18 that--
``(A) arises in connection with a depository institution insured
by the Federal Deposit Insurance Corporation; and
``(B) exceeds $50,000.''
Section Referred to in Other Sections
This section is referred to in section 4225 of this title.
