Bank Bribery and Fraud Act of 1984

Summary

Bank Bribery and Fraud Act of 1984 - Amends the Federal criminal code with regard to bribery. Prohibits any officer, director, employee, agent, or attorney of any financial institution, bank holding company, or savings and loan holding company from asking, demanding, soliciting or receiving anything of value in connection with any transaction or business of such financial institution. Makes any person who offers or gives anything of value to such person subject to the same penalties. Provides for a fine of not more than $5,000 or three times the value of anything offered, whichever is greater, or imprisonment for not more than five years (in cases where the value of anything offered exceeds $100). Provides for lesser penalties for offenses involving $100 or less. Establishes a new offense of bank fraud. Makes it a Federal offense to execute a scheme to defraud a federally chartered or insured financial institution or obtain any money, funds, or securities under the custody or control of such a financial institution by means of false or fraudulent pretences, representations or promises. Establishes a fine of not more than $10,000 or imprisonment for not more than five years or both. Applies the provisions of this Act to all federally insured banks and savings and loan associations, national banks, savings banks, credit unions, Federal home loan banks, and other specified banks and holding companies organized under Federal law.

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1 official file

• Introduced in House

  summary · EN · 3 May 1984

  Open at official source

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