18 U.S.C. § 1007 — Federal Deposit Insurance Corporation transactions

Whoever, for the purpose of influencing in any way the action of the Federal Deposit Insurance Corporation , knowingly makes or invites reliance on a false, forged, or counterfeit statement, document, or thing shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both. (June 25, 1948, ch. 645, 62 Stat. 750 ; Pub. L. 101–73, title IX, § 961(f) , Aug. 9, 1989 , 103 Stat. 500 ; Pub. L. 101–647, title XXV, § 2504(f) , Nov. 29, 1990 , 104 Stat. 4861 ; Pub. L. 103–322, title XXXIII, § 330002(c) , Sept. 13, 1994 , 108 Stat. 2140 .) Historical and Revision Notes Based on section 264(s) of title 12 , U.S.C., 1940 ed., Banks and Banking (Dec. 23, 1913, ch. 6, § 12B(s), as added June 16, 1933, ch. 89, § 8, 48 Stat. 177 ; Aug. 23, 1935, ch. 614, § 101, 49 Stat. 700 ). Words “Federal Deposit Insurance” were inserted before “Corporation” in three places, so as to identify said Corporation, and phrase “under this section” was omitted as no longer applicable, considering transfer of this section to this title. Minor changes were made in phraseology. Editorial Notes Amendments 1994— Pub. L. 103–322 substituted “transactions” for “Transactions” in section catchline. 1990— Pub. L. 101–647 substituted “30” for “20” before “years”. 1989— Pub. L. 101–73 substituted “Transactions” for “transactions” in section catchline and amended text generally. Prior to amendment, text read as follows: “Whoever, for the purpose of obtaining any loan from the Federal Deposit Insurance Corporation , or any extension or renewals thereof, or the acceptance, release, or substitution of security therefor, or for the purpose of inducing the Federal Deposit Insurance Corporation to purchase any assets, or for the purpose of obtaining the payment of any insured deposit or transferred deposit or the allowance, approval, or payment of any claim, or for the purpose of influencing in any way the action of the Federal Deposit Insurance Corporation , makes any statement, knowing it to be false, or willfully overvalues any security, shall be fined not more than $5,000 or imprisoned not more than two years, or both.”

Related documents

• 18 U.S.C. § 655 — Theft by bank examiner#574270
• 50 U.S.C. § 4325 — “Unallocated interest fund” defined#598870
• 18 U.S.C. § 225 — Continuing financial crimes enterprise#574457
• 42 U.S.C. § 300e-17 — Financial disclosure#594855
• 22 U.S.C. § 290i-9 — Securities issued by Bank; Securities and Exchange Commission oversight#580287