2018 US Code
Title 12 - Banks and Banking
Chapter 46 - Government Sponsored Enterprises
Subchapter III - Enforcement Provisions
Sec. 4639 - Public disclosure of final orders and agreements
| 12 U.S.C. § 4639 (2018) |
| §4639. Public disclosure of final orders and agreements |
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(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 Director's 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. 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 Director's discretion, determines that holding an open hearing would be contrary to the public interest. (c) Delay of public disclosure under exceptional circumstancesIf the Director makes a determination in writing that the public disclosure of any final order pursuant to subsection (a) 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 hearingsThe 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 documentsThe Director shall keep and maintain a record, for not less than 6 years, of all documents described in subsection (a) 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 CongressThis 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. |
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(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.) |
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PRIOR PROVISIONS
A prior section 1379B of Pub. L. 102–550 was renumbered section 1379D and is classified to section 4641 of this title. AMENDMENTS2008—Subsec. (c). Pub. L. 110–289, §1156(b)(3), substituted "regulated entity" for "enterprise". |
| United States Code, 2018 Edition, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 46 - GOVERNMENT SPONSORED ENTERPRISES SUBCHAPTER III - ENFORCEMENT PROVISIONS Sec. 4639 - Public disclosure of final orders and agreements |
| section 4639 |
| 2018 |
| January 14, 2019 |
| No |
| standard |
| 106 Stat. 3993 122 Stat. 2770 |
| Public Law 102-550, Public Law 110-289 |
