FDIC Law, Regulations, Related Acts
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1000 - Federal Deposit Insurance Act
SEC. 34. REWARD FOR INFORMATION LEADING TO RECOVERIES OR CIVIL PENALTIES.
(a) In General.--An appropriate Federal banking agency, with the concurrence of the Attorney General, may pay a reward to a person who provides original information which leads to--
[Codified to 12 U.S.C. 1831k(a)]
[Source: Section 2[34(a)] of the Act of September 21, 1950 (Pub. L. No. 797), effective September 21, 1950, as added by section 933(a) of title IX of the Act of August 9, 1989 (Pub. L. No. 101--73; 103 Stat. 495), effective August 9, 1989; amended by section 2586(l) of title XXV of the Act of November 29, 1990 (Pub. L. No. 101--647; 104 Stat. 4903), effective November 29, 1990; section 602(a)(62) and (63) of title VI of the Act of September 23, 1994 (Pub. L. No. 103--325; 108 Stat. 2291), effective September 23, 1994]
(b) Percentage Limitation.--An appropriate Federal banking agency may not pay a reward under subsection (a) of this section of more than 25 percent of the amount of the fine, penalty, restitution, or forfeiture or $100,000, whichever is less.
[Codified to 12 U.S.C. 1831k(b)]
[Source: Section 2[34(b)] of the Act of September 21, 1950 (Pub. L. No. 797), effective September 21, 1950, as added by section 933(a) of title IX of the Act of August 9, 1989 (Pub. L. No. 101--73; 103 Stat. 496), effective August 9, 1989]
(c) Officials and Persons Ineligible.--An appropriate Federal banking agency may not pay a reward under subsection (a) to--
[Codified to 12 U.S.C. 1831k(c)]
[Source: Section 2[34(c)] of the Act of September 21, 1950 (Pub. L. No. 797), effective September 21, 1950, as added by section 933(a) of title IX of the Act of August 9, 1989 (Pub. L. No. 101--73; 103 Stat. 496), effective August 9, 1989]
(d) Nonreviewability.--Any agency decision under this section is final and not reviewable by any court.
[Codified to 12 U.S.C. 1831k(d)]
[Source: Section 2[34(d)] of the Act of September 21, 1950 (Pub. L. No. 797), effective September 21, 1950, as added by section 933(a) of title IX of the Act of August 9, 1989 (Pub. L. No. 101--73; Stat. 496), effective August 9, 1989]