; (ii) order, after the procedures described in clause (i), the entity to pay a penalty equal to 10 percent of the entity’s net profits, averaged over the previous 3 years, into the Treasury of the United States; and (iii) initiate proceedings described in section 8(e) of the Federal Deposit Insurance Act ( 12 U.S.C. 1818(e) ) for individuals involved in evading the prohibitions described in paragraph (1). (B) Construction Nothing in this paragraph shall be construed to limit the inherent authority of any Federal agency or State regulatory authority to further restrict any investments or activities under otherwise applicable provisions of law. (3) Reporting requirement Not later than 1 year after the date of enactment of this Act, and every year thereafter, each Federal agency having regulatory authority over any entity described in paragraph (2)(A) shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives and make available to the public a report, which shall identify— (A) the number and character of any activities that took place in the preceding year that function as an evasion of the prohibitions described in paragraph (1); (B) the names of the particular entities engaged in those activities