FEDERAL BANKING AGENCY AUTHORITY TO ENFORCE DEPOSIT INSURANCE CONDITIONS.

SEC. 717. FEDERAL BANKING AGENCY AUTHORITY TO ENFORCE DEPOSIT INSURANCE CONDITIONS. Section 8 of the Federal Deposit Insurance Act (12 U.S.C. 1818) is amended—(1) in subsection (b)(1), in the 1st sentence—(A) by striking “in writing by the agency” and inserting “in writing by a Federal banking agency”; and(B) by striking “the agency may issue and serve” and inserting “the appropriate Federal banking agency for the depository institution may issue and serve”;(2) in subsection (e)(1)—(A) in subparagraph (A)(i)(III), by striking “in writing by the appropriate Federal banking agency” and inserting “in writing by a Federal banking agency”; and(B) in the undesignated matter at the end, by striking “the agency may serve upon such party” and inserting “the appropriate Federal banking agency for the depository institution may serve upon such party”; and120 STAT. 1997(3) in subsection (i)(2)(A)(iii), by striking “in writing by the appropriate Federal banking agency” and inserting “in writing by a Federal banking agency”.