12-U.S.C.-4639
§4639 – Public Disclosure of Final Orders and Agreements
Pathway
Title 12 > Chapter 46 > Subchapter III > Section 4639
Details
- Reference: Section 4639
- Legend: §4639 – Public Disclosure of Final Orders and Agreements
- USCode Year: 2013
Provision Content
(a) In general
The Director shall make available to the public—
(1) any written agreement or other written statement for which a violation may be redressed by the Director or any modification to or termination thereof, unless the Director, in the Directors discretion, determines that public disclosure would be contrary to the public interest;
(2) any order that is issued with respect to any administrative enforcement proceeding initiated by the Director under this subchapter and that has become final in accordance with sections 4633 and 4634 of this title; and
(3) any modification to or termination of any final order made public pursuant to this subsection.
(b) Hearings
All hearings on the record with respect to any notice of charges issued by the Director shall be open to the public, unless the Director, in the Directors discretion, determines that holding an open hearing would be contrary to the public interest.
(c) Delay of public disclosure under exceptional circumstances
If the Director makes a determination in writing that the public disclosure of any final order pursuant to subsection (a) of this section would seriously threaten the financial health or security of the regulated entity, the Director may delay the public disclosure of such order for a reasonable time.
(d) Documents filed under seal in public enforcement hearings
The Director may file any document or part thereof under seal in any hearing commenced by the Director if the Director determines in writing that disclosure thereof would be contrary to the public interest.
(e) Retention of documents
The Director shall keep and maintain a record, for not less than 6 years, of all documents described in subsection (a) of this section and all enforcement agreements and other supervisory actions and supporting documents issued with respect to or in connection with any enforcement proceeding initiated by the Director under this subchapter or any other law.
(f) Disclosures to Congress
This section may not be construed to authorize the withholding, or to prohibit the disclosure, of any information to the Congress or any committee or subcommittee thereof.
(Pub. L. 102–550, title XIII, §1379B, formerly §1379, Oct. 28, 1992, 106 Stat. 3993; renumbered §1379B and amended Pub. L. 110–289, div. A, title I, §§1153(a)(1), 1156(b)(3), July 30, 2008, 122 Stat. 2770, 2777.)
Prior Provisions
A prior section 1379B of Pub. L. 102–550 was renumbered section 1379D and is classified to section 4641 of this title.
Amendments
2008—Subsec. (c). Pub. L. 110–289, §1156(b)(3), substituted regulated entity for enterprise.
U.S. Encyclopedia of Law Coverage
12-U.S.C.-4638 in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-4638, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.
12-U.S.C.-4624 in the Legal Encyclopedia: Government Sponsored Enterprises
In this entry about 12-U.S.C.-4624, find legal reference material, bibliographies and premiere content related to government sponsored enterprises in the American Encyclopedia of Law, presenting a comprehensive view of the United States government sponsored enterprises-specific issues, written by authorities in the field.
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