Financial Bribery and Fraud Amendments Act of 1984

Summary

Financial Bribery and Fraud Amendments Act of 1984 - Amends the Federal criminal code with regard to bribery. Provides that any person who knowingly offers or gives anything of value to an officer, employee, agent, or attorney of a national credit institution with the intent to influence official action or to induce a violation of a legal or fiduciary duty shall be fined not more than $250,000 or imprisoned for not more than five years or both. Sets a fine of not more than $1,000,000 if the offender is an entity other than an individual. Prohibits any person from soliciting, accepting, or agreeing to accept anything of value for the above purposes. Applies the same penalties to such offenses. Modifies current law regarding graft in financial operations to set forth penalties for anyone who knowingly offers or gives anything of pecuniary value to any person with the intent to reward such person for an official duty taken, or any legal or fiduciary duty violated by such person as an officer, employee, agent, or attorney for a national credit institution. Prohibits any such person from soliciting or accepting such a payment. Provides for a fine of not more than $250,000 or imprisonment for not more than three years or both. Sets a fine of not more than $1,000,000 if the offender is other than an individual. Establishes a new offense of financial fraud. Makes it a Federal offense to design a plan and act accordingly to obtain property of a national credit institution or to cause economic loss to such institution by fraudulent means. Provides for a fine or nor more than $250,000 or imprisonment for not more than five years. Sets a fine of not more than $1,000,000 for an offender other than an individual. Defines "national credit institution" as including federally- insured banks, credit unions, Federal home loan banks, savings banks, savings and loan associations, small business investment companies, bank holding companies, and savings and loan holding companies.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 10 April 1984

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.