106 STAT. 4044 PUBLIC LAW 102-550—OCT. 28, 1992

(1) in paragraph (3), by striking "and" at the end;

(2) in paragraph (4), by striking the period at the end
and inserting a semicolon; and

(3) by adding at the end the following new paragraphs:
"(5) guidelines requiring each private nonprofit organiza-
tion and local government carrying out a local emergency food
and shelter program with amounts provided under this subtitle,
to the maximum extent practicable, to involve homeless individ-
uals and families, through employment, volunteer services, or
otherwise, in providing emergency food and shelter and in
otherwise carrying out the local program; and

"(6) guidelines requiring each private nonprofit organiza-
tion and local government carrying out a local emergency food
and shelter program with amounts provided under this subtitle
to provide for the participation of not less than 1 homeless
individual or former homeless individual on the board of direc-
tors or other equivalent policy making entity of the organization
or governmental agency to the extent that such entity considers
and makes policies and decisions regarding the local program
of the organization or locality; except that such guidelines may
grant waivers to applicants unable to meet such requirement
if the organization or government agrees to otherwise consult
with homeless or formerly homeless individuals in considering
and making such policies and decisions.".

Annumio- TITLE XV—ANNUNZIO-WYLIE ANTI-

£££*« MONEY LAUNDERING ACT

Act.

12 USC 1811 SEC. 1500. SHORT TITLE.

This title may be cited as the "Annunzio-Wylie Anti-Money
Laundering Act".

Subtitle A—Termination of Charters,
Insurance, and Offices

SEC. 1501. AUTHORITY TO APPOINT CONSERVATOR FOR DEPOSITORY
INSTITUTIONS CONVICTED OF MONEY LAUNDERING.

(a) INSURED DEPOSITORY INSTITUTIONS.—Section ll(cX5) of the
Federal Deposit Insurance Act (12 U.S.C. 1821(cX5)) is amended
by adding at the end the following new subparagraph:

"(M) MONEY LAUNDERING OFFENSE.—The Attorney
General notifies the appropriate Federal banking agency
or the Corporation in writing that the insured depository
institution has been found guilty of a criminal offense
under section 1956 or 1957 of title 18, United States Code,
or section 5322 of title 31, United States Code.".

(b) INSURED CREDIT UNIONS.—Section 206(h)(l) of the Federal
Credit Union Act (12 U.S.C. 1786(hXD) is amended—

(1) by redesignating subparagraphs (C) and (D) as subpara-
graphs (D) and (E), respectively; and

(2) by inserting after subparagraph (B) the following new
subparagraph:

"(C) the Attorney General notifies the Board in writing
that an insured credit union has been found guilty of