port of examination or other confidential super-
visory information concerning any depository
institution or other entity examined by such
agency under authority of any Federal law, to—
‘‘(i) any other Federal or State agency
or authority with supervisory or regulatory
authority over the depository institution or
other entity;
‘‘(ii) to any officer, director, or receiver
of such depository institution or entity; and
‘‘(iii) any other person the Federal
banking agency determines to be appro-
priate.’’.
(b) NATIONAL CREDIT UNION ADMINISTRATION.—Sec-
tion 202(a) of the Federal Credit Union Act (12 U.S.C.
1782(a)) is amended by adding at the end the following
new paragraph:
‘‘(8) DATA SHARING WITH OTHER AGENCIES AND
PERSONS.—In addition to reports of examination, re-
ports of condition, and other reports required to be
regularly provided to the Board (with respect to all
insured credit unions, including a credit union for
which the Corporation has been appointed conservator
or liquidating agent) or an appropriate State com-
mission, board, or authority having supervision of a
State-chartered credit union, the Board may, in the
Board’s discretion, furnish any report of examination
or other confidential supervisory information con-
cerning any credit union or other entity examined by
the Board under authority of any Federal law, to—
‘‘(A) any other Federal or State agency or
authority with supervisory or regulatory author-
ity over the credit union or other entity;
‘‘(B) to any officer, director, or receiver of
such credit union or entity; and
‘‘(C) any other institution-affiliated party
of such credit union or entity the Board deter-
mines to be appropriate.’’.
SEC. 604. PENALTY FOR UNAUTHORIZED PARTICIPATION
BY CONVICTED INDIVIDUAL.
Section 19 of the Federal Deposit Insurance Act (12
U.S.C. 1829) is amended by adding at the end the following
new subsection:
‘‘(c) NONINSURED BANKS.—Subsections (a) and (b)
shall apply to a noninsured national bank and a non-
insured State member bank, and any agency or noninsured
branch (as such terms are defined in section 1(b) of the
International Banking Act of 1978) of a foreign bank as
if such bank, branch, or agency were an insured depository
institution, except such subsections shall be applied for pur-
poses of this subsection by substituting the agency deter-
mined under the following paragraphs for ‘Corporation’
each place such term appears in such subsections:
‘‘(1) The Comptroller of the Currency, in the case
of a noninsured national bank or any Federal agency
or noninsured Federal branch of a foreign bank.
‘‘(2) The Board of Governors of the Federal Re-
serve System, in the case of a noninsured State mem-
ber bank or any State agency or noninsured State
branch of a foreign bank.’’.
SEC. 605. AMENDMENT PERMITTING THE DESTRUCTION OF
OLD RECORDS OF A DEPOSITORY INSTITU-
TION BY THE FDIC AFTER THE APPOINTMENT
OF THE FDIC AS RECEIVER.
Section 11(d)(15)(D) of the Federal Deposit Insurance
Act (12 U.S.C. 1821(d)(15)(D)) is amended—
(1) by striking ‘‘RECORDKEEPING
REQUIRE-
MENT.—After the end of the 6-year period’’ and in-
serting ‘‘RECORDKEEPING REQUIREMENT.—
‘‘(i) IN GENERAL.—Except as provided
in clause (ii), after the end of the 6-year pe-
riod’’; and
(2) by adding at the end the following new
clause:
‘‘(ii) OLD RECORDS.—In the case of
records of an insured depository institution
which are at least 10 years old as of the
date the Corporation is appointed as the re-
ceiver of such depository institution, the
Corporation may destroy such records in
accordance with clause (i) any time after
such appointment is final without regard to
the 6-year period of limitation contained in
such clause.’’.
SEC. 606. MODERNIZATION OF FDIC RECORDKEEPING RE-
QUIREMENT.
Subsection (f) of section 10 of the Federal Deposit In-
surance Act (12 U.S.C. 1820(f)) is amended to read as fol-
lows:
‘‘(f) PRESERVATION OF AGENCY RECORDS.—
‘‘(1) IN GENERAL.— The Corporation may cause
any and all records, papers, or documents kept by the
Corporation or in the possession or custody of the
Corporation to be—
‘‘(A) photographed or microphotographed or
otherwise reproduced upon film; or
‘‘(B) preserved in any electronic medium or
format which is capable of—
‘‘(i) being read or scanned by com-
puter; and
‘‘(ii) being reproduced from such elec-
tronic medium or format by printing or
any other form of reproduction of electroni-
cally stored data.
‘‘(2) TREATMENT AS ORIGINAL RECORDS.—Any
photographs, microphotographs, or photographic film
or copies thereof described in paragraph (1)(A) or re-
production of electronically stored data described in
paragraph (1)(B) shall be deemed to be an original
record for all purposes, including introduction in evi-
dence in all State and Federal courts or administra-
tive agencies and shall be admissible to prove any act,
transaction, occurrence, or event therein recorded.
‘‘(3) AUTHORITY
OF
THE
BOARD
OF
DIREC-
TORS.—Any photographs, microphotographs, or pho-
tographic film or copies thereof described in para-
graph (1)(A) or reproduction of electronically stored
data described in paragraph (1)(B) shall be preserved
in such manner as the Board of Directors shall pre-
scribe and the original records, papers, or documents
may be destroyed or otherwise disposed of as the
Board of Directors may direct.’’.
SEC. 607. REPEAL OF MINIMUM ANTITRUST REVIEW PERIOD
WITH THE AGREEMENT OF THE ATTORNEY
GENERAL.
(a) ANTITRUST REVIEWS UNDER THE BANK HOLDING
COMPANY ACT OF 1956.—The 4th sentence of section 11(b)
of the Bank Holding Company Act of 1956 (12 U.S.C.
1849(b) is amended by striking ‘‘, but in no event less than
fifteen calendar days after the date of approval’’.
(b) ANTITRUST REVIEWS UNDER THE FEDERAL DE-
POSIT INSURANCE ACT.—The last sentence of section
18(c)(6) of the Federal Deposit Insurance Act (12 U.S.C.
1828(c)(6)) is amended by striking ‘‘, but in no event less
than 15 calendar days after the date of approval’’.
SEC. 608 607. CLARIFICATION OF EXTENT OF SUSPENSION,
REMOVAL, AND PROHIBITION AUTHORITY OF
FEDERAL BANKING AGENCIES IN CASES OF
CERTAIN CRIMES BY INSTITUTION-AFFILI-
ATED PARTIES.
(a) INSURED DEPOSITORY INSTITUTION.—
(1) IN GENERAL.—Section 8(g)(1) of the Federal
Deposit Insurance Act (12 U.S.C. 1818(g) is
amended—
(A) in subparagraph (A), by striking ‘‘the
depository’’ each place such term appears and
inserting ‘‘any depository’’;