S. 2823101st CongressSenate Bill

Financial Institutions' Crimes Asset Recovery Act of 1990

Introduced in the SenateDead

This bill died when its Congress ended.

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Financial Institutions' Crimes Asset Recovery Act of 1990 - Amends the Federal Deposit Insurance Act to prescribe procedures for the commencement of a civil action for specified fraud and other violations affecting insured depository institutions. Sets forth the rights to the parties to qui tam actions. Declares that no court shall have jurisdiction over an action brought under certain circumstances by a private person against: (1) a Member of Congress; (2) a member of the judiciary; or (3) a senior executive branch official. Sets forth employee protection provisions for discrimination related to employee participation in a civil action under this Act. Authorizes the Attorney General or a Federal banking regulatory agency to retain private counsel in an action brought under this Act. Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to provide that the remedy granted an employee of a federally insured depository institution or credit union may include twice the amount of back pay plus interest and compensation for special damages sustained as a result of discrimination in retaliation for such employee's reporting of banking law violations.

Introduced Jun 28, 1990
1
Introduced

Filed in the Senate

2
Passed Senate
3
Passed House
4
Became Law

This senate bill has been filed and is working its way through Congress. It will need to pass both the Senate and the House, then be signed by the President to become law.

Who introduced this

WR

William Roth Jr.

Republican

U.S. Senator · DE

Introduced solo — no cosponsors joined.

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