law enforcement entity’s authority to impose civil 
penalties, fines, or other appropriate consumer re-
dress on the institution. 
(2) LIMITATION ON ACTIONS.—Except as other-
wise provided by law, a civil action arising under 
this section may not be commenced after the later 
of— 
(A) 2 years after the discovery of the facts 
constituting the violation; or 
(B) 5 years after such violation. 
(b) CRIMINAL LIABILITY.—Any executive officer or 
director of the board who knowingly causes a national 
bank, Federal savings association, or federally insured 
State depository institution affiliated with a global system-
ically important bank holding company, or United States 
branch, agency, or representative office of a foreign bank 
affiliated with a global systemically important bank hold-
ing company to violate any Federal consumer protection 
law (or who directs another agent, senior officer, or direc-
tor of the institution to commit such a violation or engage 
in such acts that result in the director or officer being 
personally unjustly enriched and the institution being con-
ducted in an unsafe and unsound manner) shall be— 
(1) fined in an amount not to exceed 100 per-
cent of the compensation (including stock options 
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awarded as compensation) received by such officer 
or director from the institution— 
(A) during the time period in which the 
violations occurred; or 
(B) in the one to three year time period 
preceding the date on which the violations were 
discovered; and 
(2) imprisoned for not more than 5 years. 
(c) TERMINATION OF EMPLOYMENT AND LIFETIME 
BAN.—If an executive officer or director of the board of 
a national bank, Federal savings association, or federally 
insured State depository institution affiliated with a global 
systemically important bank holding company, or United 
States branch, agency, commercial lending company, or 
representative office of a foreign bank affiliated with a 
global systemically important bank holding company com-
mits a violation or engages in an act described under sub-
section (a) or is convicted of a violation or of engaging 
in an act described under subsection (b), the Comptroller, 
the Corporation, or the Board of Governors, as applicable, 
shall notify within 24 hours the institution that such exec-
utive, director, or senior officer must be terminated from 
their position with the institution and be permanently pro-
hibited from engaging in the operation and management 
of any other federally chartered or federally insured bank-
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ing organization, pursuant to section 8(e) of the Federal 
Deposit Insurance Act (12 U.S.C. 1818(e)). 
TITLE IV—REPORTS 
SEC. 401. REPORTS TO CONGRESS. 
The Board of Governors, the Comptroller, the Con-
sumer Bureau, and the Corporation shall each submit an 
annual report to the Congress containing a description of 
actions taken to carry out this Act. 
SEC. 402. REPORTS BY THE OFFICES OF MINORITY AND 
WOMEN INCLUSION. 
The Office of Minority and Women Inclusion of the 
Board of Governors, the Comptroller, the Consumer Bu-
reau, and the Corporation shall each include, in the annual 
report required under section 342(e) of the Dodd-Frank 
Wall Street Reform and Consumer Protection Act (12 
U.S.C. 5452(e)), a description of— 
(1) how the duties of the Office have been car-
ried out with respect to the requirements of this Act; 
and 
(2) with respect to the Office of the Corpora-
tion, how the Office has carried out the consulta-
tions required under this Act. 
Æ 
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