In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

SECTION 1. SHORT TITLE.

This Act may be cited as the ''Foreign Bank Enforcement Act of
1996''.

SEC. 2. UNAUTHORIZED PARTICIPATION BY CONVICTED PERSONS.

Section 19 of the Federal Deposit Insurance Act (12 U.S.C. 1829) is
amended--
(1) in subsection (a), by striking ''Corporation'' and
inserting ''appropriate Federal banking authority''; and
(2) by adding at the end the following new subsection:
''(c) Definition.--For purposes of this section--
''(1) the term 'appropriate Federal banking authority'
means--
''(A) the Corporation, in the case of any insured
depository institution, except as specifically provided
in subparagraphs (B), (C), and (D), or in the case of
any insured branch of a foreign bank;
''(B) the Board of Governors of the Federal Reserve
System, in the case of any bank holding company and any
subsidiary thereof (other than a bank), uninsured State
branch or agency of a foreign bank, or any organization
organized and operated under section 25A of the Federal
Reserve Act or operating under section 25 of the
Federal Reserve Act;
''(C) the Comptroller of the Currency, in the case
of any Federal agency or uninsured Federal branch of a
foreign bank; and
''(D) the Office of Thrift Supervision, in the case
of any savings and loan holding company and any
subsidiary thereof (other than a bank or a savings
association) or any institution that is treated as an
insured bank under section 8(b)(9); and
''(2) the term 'insured depository institution' shall be
deemed to include any institution treated as an insured bank
under paragraph (3), (4), or (5) of section 8(b) or as a
savings association under section 8(b)(9).''.

SEC. 3. REMOVAL ACTIONS AGAINST PERSONS CONVICTED OF FELONIES.

Section 8(i)(3) of the Federal Deposit Insurance Act (12 U.S.C.
1818(i)(3)) is amended--
(1) by inserting '', or any order pursuant to subsection
(g),'' after ''any notice''; and
(2) by inserting ''or order'' after ''such notice''.

SEC. 4. INTERNATIONAL COOPERATION.

Section 15 of the International Banking Act of 1978 (12 U.S.C.
3109) is amended by adding at the end the following new subsections:
''(c) Information Obtained From Foreign Supervisors.--
''(1) In general.--Except as provided in subsection (d),
the Board, the Comptroller, the Federal Deposit Insurance
Corporation, and the Office of Thrift Supervision shall not be
compelled to disclose information obtained from a foreign
supervisor if--
''(A) the foreign supervisor has, in good faith,
determined and represented to such agency that public
disclosure of the information would violate the laws
applicable to that foreign supervisor; and
''(B) the United States agency obtains such
information pursuant to--
''(i) such procedure as the agency may
authorize for use in connection with the
administration or enforcement of the banking
laws; or
''(ii) a memorandum of understanding.
''(2) Treatment under title 5.--For purposes of section 552
of title 5, United States Code, this subsection shall be
considered to be a statute described in subsection (b)(3)(B) of
such section 552.
''(d) Savings Provision.--Nothing in this section authorizes the
Board, the Comptroller, the Federal Deposit Insurance Corporation, or
the Office of Thrift Supervision to withhold information from the
Congress or to prevent such agency from complying with an order of a
court of the United States in an action commenced by the United States
or by such agency.''.

SEC. 5. TERMINATION OF FOREIGN BANK OFFICES IN THE UNITED STATES.

Section 7(e) of the International Banking Act of 1978 (12 U.S.C.
3105(e)) is amended by adding at the end the following new paragraph:
''(8) Provisions of a termination order.--An order issued
by the Board under paragraph (1) or by the Comptroller under
section 4(i) may contain such terms and conditions as the Board
or the Comptroller, as the case may be, deems appropriate to
carry out this subsection.''.

SEC. 6. DISCLOSURE OF CERTAIN MATTERS OCCURRING BEFORE GRAND JURY.

Section 3322(b) of title 18, United States Code, is amended--
(1) in paragraph (1), by inserting ''State or Federal''
before ''financial institution''; and
(2) in paragraph (2), by inserting ''at any time during or
after the completion of the investigation of the grand jury''
before ''upon''.
Foreign Bank Enforcement Act of 1996 - Amends the Federal Deposit Insurance Act with respect to the penalty for unauthorized participation in an insured depository institution by an individual with a criminal conviction involving dishonesty. Revises the exception for individuals who have received the prior written consent of the Federal Deposit Insurance Corporation (FDIC) to allow the prior written consent of any appropriate Federal banking authority.
Amends the International Banking Act of 1978 to: (1) cite circumstances under which certain Federal bank regulatory agencies shall not be compelled to disclose information obtained from a foreign supervisor; and (2) authorize an order to terminate foreign bank offices in the United States issued by either the Board of Governors of the Federal Reserve System or the Comptroller of the Currency to contain appropriate terms and conditions.
Amends Federal criminal procedure to authorize a court to: (1) direct disclosure of matters occurring before a grand jury during an investigation of a banking law violation to identified personnel of a State as well as a Federal financial institution regulatory agency; and (2) issue such an order at any time during or after completion of the investigation of the grand jury upon a finding of substantial need.