(c) Report Not later than the end of the 1-year period beginning on the date of the enactment of this Act, the Secretary, the Federal functional regulators, the Federal Financial Institutions Examination Council, and the Internal Revenue Service shall submit to Congress one or more reports that contain all findings and determinations made in carrying out the review required under subsection (a). 206. Penalty coordination (a) Coordination on penalties Prior to any Federal functional regulator, FinCEN, or the Department of Justice, including any organizational unit thereof, issuing a fine or civil money penalty, with respect to an entity to address any actual or alleged violation of any provision of the Bank Secrecy Act or section 8(s) of the Federal Deposit Insurance Act ( 12 U.S.C. 1818(s) ) or any unsafe or unsound practice that resulted in any such actual or alleged violation, such Federal department or agency shall endeavor to coordinate its penalty with all relevant Federal departments and agencies and State law enforcement and financial regulators contemplating a penalty with respect to the same or similar conduct and attempt to develop a comprehensive or coordinated penalty or set of penalties to avoid duplicative fines, penalties, and other orders or actions. (b) Exception Subsection (a) shall not apply if— (1) a Federal or State financial regulator determines that complying with subsection (a) is impractical for safety or soundness reasons