‘‘(i) IN
GENERAL.—If a notice of 
charges served under subsection (b)(1) speci-
fies on the basis of particular facts that any 
person engaged or is engaging in conduct 
described in section 18(a)(4), the Corpora-
tion or other appropriate Federal banking 
agency may issue a temporary order requir-
ing— 
‘‘(I) the immediate cessation of 
any activity or practice described, 
which gave rise to the notice of charges; 
and 
‘‘(II) affirmative action to prevent 
any further, or to remedy any existing, 
violation. 
‘‘(ii) EFFECT
OF
ORDER.—Any tem-
porary order issued under this subpara-
graph shall take effect upon service. 
‘‘(B) EFFECTIVE
PERIOD
OF
TEMPORARY 
ORDER.—A temporary order issued under sub-
paragraph (A) shall remain effective and en-
forceable, pending the completion of an adminis-
trative proceeding pursuant to subsection (b)(1) 
in connection with the notice of charges—
‘‘(i) until such time as the Corporation 
or other appropriate Federal banking agen-
cy dismisses the charges specified in such 
notice; or 
‘‘(ii) if a cease-and-desist order is 
issued against such person, until the effec-
tive date of such order. 
‘‘(C) CIVIL MONEY PENALTIES.—Any viola-
tion of section 18(a)(4) shall be subject to civil 
money penalties, as set forth in subsection (i), 
except that for any person other than an insured 
depository institution or an institution-affiliated 
party that is found to have violated this para-
graph, the Corporation or other appropriate Fed-
eral banking agency shall not be required to 
demonstrate any loss to an insured depository 
institution.’’. 
(c) UNENFORCEABILITY OF CERTAIN AGREEMENTS.— 
Section 13(c) of the Federal Deposit Insurance Act (12 
U.S.C. 1823(c)) is amended by adding at the end the fol-
lowing new paragraph: 
‘‘(11) UNENFORCEABILITY OF CERTAIN AGREE-
MENTS.—No provision contained in any existing or 
future standstill, confidentiality, or other agreement 
that, directly or indirectly—
‘‘(A) affects, restricts, or limits the ability of 
any person to offer to acquire or acquire, 
‘‘(B) prohibits any person from offering to 
acquire or acquiring, or 
‘‘(C) prohibits any person from using any 
previously disclosed information in connection 
with any such offer to acquire or acquisition of, 
all or part of any insured depository institution, in-
cluding any liabilities, assets, or interest therein, in 
connection with any transaction in which the Cor-
poration exercises its authority under section 11 or 
13, shall be enforceable against or impose any liabil-
ity on such person, as such enforcement or liability 
shall be contrary to public policy.’’. 
(d) TECHNICAL AND CONFORMING AMENDMENTS.— 
Section 18 of the Federal Deposit Insurance Act (12 U.S.C. 
1828) is amended— 
(1) in subsection (a)(3)— 
(A) by striking ‘‘this subsection’’ the first 
place that term appears and inserting ‘‘para-
graph (1)’’; and 
(B) by striking ‘‘this subsection’’ the second 
place that term appears and inserting ‘‘para-
graph (2)’’; and
(2) in the heading for subsection (a), by striking 
‘‘INSURANCE LOGO.—’’ and inserting ‘‘REPRESENTA-
TIONS OF DEPOSIT INSURANCE.—’’. 
SEC. 127. COOPERATION WITH THE FBI. 
Any Federal financial regulatory agency shall cooper-
ate with the Federal Bureau of Investigation and other law 
enforcement agencies investigating fraud, misrepresenta-
tion, and malfeasance with respect to development, adver-
tising, and sale of financial products. 
SEC. 128. ACCELERATION OF EFFECTIVE DATE. 
Section 203 of the Financial Services Regulatory Re-
lief Act of 2006 (12 U.S.C. 461 note) is amended by striking 
‘‘October 1, 2011’’ and inserting ‘‘October 1, 2008’’. 
SEC. 129. DISCLOSURES ON EXERCISE OF LOAN AUTHOR-
ITY. 
(a) IN GENERAL.—Not later than 7 days after the date 
on which the Board exercises its authority under the third 
paragraph of section 13 of the Federal Reserve Act (12 
U.S.C. 343; relating to discounts for individuals, partner-
ships, and corporations) the Board shall provide to the 
Committee on Banking, Housing, and Urban Affairs of the 
Senate and the Committee on Financial Services of the 
House of Representatives a report which includes— 
(1) the justification for exercising the authority; 
and
(2) the specific terms of the actions of the Board, 
including the size and duration of the lending, avail-
able information concerning the value of any collat-
eral held with respect to such a loan, the recipient of 
warrants or any other potential equity in exchange 
for the loan, and any expected cost to the taxpayers 
for such exercise. 
(b) PERIODIC UPDATES.—The Board shall provide up-
dates to the Committees specified in subsection (a) not less 
frequently than once every 60 days while the subject loan 
is outstanding, including— 
(1) the status of the loan; 
(2) the value of the collateral held by the Federal 
reserve bank which initiated the loan; and 
(3) the projected cost to the taxpayers of the loan. 
(c) CONFIDENTIALITY.—The information submitted to 
the Congress under this section shall be kept confidential, 
upon the written request of the Chairman of the Board, in 
which case it shall be made available only to the Chair-
persons and Ranking Members of the Committees described 
in subsection (a). 
(d) APPLICABILITY.—The provisions of this section 
shall be in force for all uses of the authority provided under 
section 13 of the Federal Reserve Act occurring during the 
period beginning on March 1, 2008 and ending on the after
the date of enactment of this Act, and reports described in 
subsection (a) shall be required beginning not later than 
30 days after that date of enactment, with respect to any 
such exercise of authority. 
(e) SHARING OF INFORMATION.—Any reports required 
under this section shall also be submitted to the Congres-
sional Oversight Panel established under section 125. 
SEC. 130. TECHNICAL CORRECTIONS. 
(a) IN GENERAL.—Section 128(b)(2) of the Truth in 
Lending Act (15 U.S.C. 1638(b)(2)), as amended by section 
2502 of the Mortgage Disclosure Improvement Act of 2008 
(Public Law 110–289), is amended— 
(1) in subparagraph (A), by striking ‘‘In the 
case’’ and inserting ‘‘Except as provided in subpara-
graph (G), in the case’’; and 
(2) by amending subparagraph (G) to read as 
follows: 
‘‘(G)(i) In the case of an extension of credit 
relating to a plan described in section 101(53D) 
of title 11, United States Code— 
‘‘(I) the requirements of subparagraphs 
(A) through (E) shall not apply; and 
‘‘(II) a good faith estimate of the dis-
closures required under subsection (a) shall 
be made in accordance with regulations of