United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2005_register executive 2010-09-23 article Rules and Regulations D09002ee1c8105e0b D09002ee1c8105e7c United States Department of the Treasury originator org United States Government Agency or Subagency United States Office of the Comptroller of the Currency originator org United States Government Agency or Subagency United States Federal Reserve System originator org United States Government Agency or Subagency United States Federal Deposit Insurance Corporation originator org United States Government Agency or Subagency United States Department of the Treasury originator org United States Government Agency or Subagency United States Office of Thrift Supervision originator org United States Government Agency or Subagency The OCC, Board, FDIC and OTS (the Agencies) have jointly adopted final rules to implement section 6303(b) of the Intelligence Reform and Terrorism Prevention Act of 2004 (Intelligence Reform Act), which imposes post-employment restrictions on senior examiners of depository institutions and depository institution holding companies. Under section 6303(b), and the Agencies' final implementing rules, a senior examiner employed by an Agency or a Federal Reserve Bank (Reserve Bank) may not knowingly accept compensation as an employee, officer, director, or consultant from certain depository institutions or depository institution holding companies he or she examined, or from certain related entities, for one year after the examiner leaves the employment or service of the Agency or Reserve Bank. If an examiner violates the one-year restriction, the statute requires the appropriate Federal banking agency to seek an order of removal and prohibition, a civil money penalty of up to $250,000, or both. Section 10(k) will become effective on December 17, 2005. 70 FR 69633 https://www.govinfo.gov/app/details/FR-2005-11-17/05-22814 05-22814 fr17no05-2 RIN 1557-AC94 RIN 3064-AC92 RIN 1550-AB99 4810-33-P; 6210-01-P; 6714-01-P; 6720-01-P Docket No. 05-19 Docket No. R-1230 No. 2005-48 https://www.govinfo.gov/app/details/FR-2005-11-17/05-22814 https://www.govinfo.gov/content/pkg/FR-2005-11-17/html/05-22814.htm https://www.govinfo.gov/content/pkg/FR-2005-11-17/pdf/05-22814.pdf Crime Equal Access to Justice Investigation Penalties Securities Claims Lawyers Bank Deposit Insurance Investigations Conflict of Interests Administrative Practice and Procedure Availability and Release of Information Confidential Business Information Contracting Outreach Program Freedom of Information National Banks Organization and Functions (Government Agencies) Reporting and Recordkeeping Requirements Women and Minority Businesses Conflicts of Interest Ethics Governmental Employees Ots Employees 9 p. 69633 69641 70 FR 69633 Title 12 Part 19 12 CFR Part 19 Title 12 Part 263 12 CFR Part 263 Title 12 Part 264 12 CFR Part 264 Title 12 Part 308 12 CFR Part 308 Title 12 Part 336 12 CFR Part 336 Title 12 Part 4 12 CFR Part 4 Title 12 Part 507 12 CFR Part 507 Title 12 Part 509 12 CFR Part 509 RIN 1557-AC94 RIN 3064-AC92 RIN 1550-AB99 One-Year Post-Employment Restrictions for Senior Examiners; Federal Register Vol. 70, Issue RULE 05-22814 DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL RESERVE SYSTEM FEDERAL DEPOSIT INSURANCE CORPORATION DEPARTMENT OF THE TREASURY Office of Thrift Supervision 2005-12-17 Docket No. 05-19 Docket No. R-1230 No. 2005-48 4810-33-P; 6210-01-P; 6714-01-P; 6720-01-P 05-22814 Final rule.

The OCC, Board, FDIC and OTS (the Agencies) have jointly adopted final rules to implement section 6303(b) of the Intelligence Reform and Terrorism Prevention Act of 2004 (Intelligence Reform Act), which imposes post-employment restrictions on senior examiners of depository institutions and depository institution holding companies. Under section 6303(b), and the Agencies' final implementing rules, a senior examiner employed by an Agency or a Federal Reserve Bank (Reserve Bank) may not knowingly accept compensation as an employee, officer, director, or consultant from certain depository institutions or depository institution holding companies he or she examined, or from certain related entities, for one year after the examiner leaves the employment or service of the Agency or Reserve Bank. If an examiner violates the one-year restriction, the statute requires the appropriate Federal banking agency to seek an order of removal and prohibition, a civil money penalty of up to $250,000, or both. Section 10(k) will become effective on December 17, 2005.

Effective Date: December 17, 2005. OCC: Mitchell Plave, Counsel, Legislative and Regulatory Activities Division, (202) 874-5090; Stuart Feldstein, Assistant Director, Legislative and Regulatory Activities Division, (202) 874-5090; or Barrett Aldemeyer, Senior Counsel, Administrative and Internal Law Division, (202) 874-4460, Office of the Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219. Crime Equal Access to Justice Investigation Penalties Securities Claims Lawyers Bank Deposit Insurance Investigations Conflict of Interests Administrative Practice and Procedure Availability and Release of Information Confidential Business Information Contracting Outreach Program Freedom of Information National Banks Organization and Functions (Government Agencies) Reporting and Recordkeeping Requirements Women and Minority Businesses Conflicts of Interest Ethics Governmental Employees Ots Employees Intelligence Reform and Terrorism Prevention Act; implementation: Senior examiners; one year post-employment restrictions, Vol. 70, no. 221 Office of the Federal Register, National Archives and Records Administration 2005-11-17 continuing daily deposited born digital 270 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2005-11-17 P0b002ee180992091 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr17no05 https://www.govinfo.gov/app/details/FR-2005-11-17 https://www.govinfo.gov/content/pkg/FR-2005-11-17/pdf/FR-2005-11-17.pdf https://www.govinfo.gov/content/pkg/FR-2005-11-17/xml/FR-2005-11-17.xml fdlp 69631 69889 DGPO 2010-09-23 2024-06-06 FR-2005-11-17 machine generated eng FR FR-2005-11-17 70 221