; or (B) in the one to three year time period preceding the date on which the violations were discovered; and (2) imprisoned for not more than 5 years. (c) Termination of employment and lifetime ban If an executive officer or director of the board of a national bank, Federal savings association, or federally insured State depository institution affiliated with a global systemically important bank holding company, or United States branch, agency, commercial lending company, or representative office of a foreign bank affiliated with a global systemically important bank holding company commits a violation or engages in an act described under subsection (a) or is convicted of a violation or of engaging in an act described under subsection (b), the Comptroller, the Corporation, or the Board of Governors, as applicable, shall notify within 24 hours the institution that such executive, director, or senior officer must be terminated from their position with the institution and be permanently prohibited from engaging in the operation and management of any other federally chartered or federally insured banking organization, pursuant to section 8(e) of the Federal Deposit Insurance Act ( 12 U.S.C. 1818(e) ). IV Reports 401. Reports to Congress The Board of Governors, the Comptroller, the Consumer Bureau, and the Corporation shall each submit an annual report to the Congress containing a description of actions taken to carry out this Act. 402. Reports by the Offices of Minority and Women Inclusion The Office of Minority and Women Inclusion of the Board of Governors, the Comptroller, the Consumer Bureau, and the Corporation shall each include, in the annual report required under section 342(e) of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5452(e) ), a description of— (1) how the duties of the Office have been carried out with respect to the requirements of this Act; and (2) with respect to the Office of the Corporation, how the Office has carried out the consultations required under this Act.