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12 U.S.C. § 5344 — Open data publication
Federal law — U.S. Code and appendices · legal_authorities
All public data assets published by the Secretary under this part shall be—
(1) made available as an open Government data asset (as defined in [section 3502 of title 44](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title44-section3502&num=0&edition=prelim));
(2) freely available for download;
(3) rendered in a human-readable format; and
(4) accessible via application programming interface where appropriate.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 5344
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Stable record: federal_law:legal_authorities:record_usc_f54788755bfd94eb27942fd3
Source file: Laws/federal/codes/united-states-code/title-12/section-5344-open-data-publication--c32f41f0c1.md
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Source location: Title 12, Chapter 53, § 5344; chapter-053-wall-street-reform-and-consumer-protection.md
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All public data assets published by the Secretary under this part shall be—
(1) made available as an open Government data asset (as defined in [section 3502 of title 44](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title44-section3502&num=0&edition=prelim));
(2) freely available for download;
(3) rendered in a human-readable format; and
(4) accessible via application programming interface where appropriate.
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Federal law — U.S. Code and appendices · legal_authorities
As used in this subchapter—
(1) the term “agency” means any executive department, military department, Government corporation, Government controlled corporation, or other establishment in the executive branch of the Government (including the Executive Office of the President), or any independent regulatory agency, but does not include—
(A) the Government Accountability Office;
(B) Federal Election Commission;
(C) the governments of the District of Columbia and of the territories and possessions of the United States, and their various subdivisions; or
(D) Government-owned contractor-operated facilities, including laboratories engaged in national defense research and production activities;
(2) the term “burden” means time, effort, or financial resources expended by persons to generate, maintain, or provide information to or for a Federal agency, including the resources expended for—
(A) reviewing instructions;
(B) acquiring, installing, and utilizing technology and systems;
(C) adjusting the existing ways to comply with any previously applicable instructions and requirements;
(D) searching data sources;
(E) completing and reviewing the collection of information; and
(F) transmitting, or otherwise disclosing the information;
(3) the term “collection of information”—
(A) means the obtaining, causing to be obtained, soliciting, or requiring the disclosure to third parties or the public, of facts or opinions by or for an agency, regardless of form or format, calling for either—
(i) answers to identical questions posed to, or identical reporting or recordkeeping requirements imposed on, ten or more persons, other than agencies, instrumentalities, or employees of the United States; or
(ii) answers to questions posed to agencies, ins
Source: Supplied U.S. Code snapshot — release unconfirmed · 44 U.S.C. § 3502
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Council may provide for more stringent regulation of a financial activity by issuing recommendations to the primary financial regulatory agencies to apply new or heightened standards and safeguards, including standards enumerated in [section 5325 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section5325&num=0&edition=prelim), for a financial activity or practice conducted by bank holding companies or nonbank financial companies under their respective jurisdictions, if the Council determines that the conduct, scope, nature, size, scale, concentration, or interconnectedness of such activity or practice could create or increase the risk of significant liquidity, credit, or other problems spreading among bank holding companies and nonbank financial companies, financial markets of the United States, or low-income, minority, or underserved communities.
**(b) Procedure for recommendations to regulators**
(1) **Notice and opportunity for comment** — The Council shall consult with the primary financial regulatory agencies and provide notice to the public and opportunity for comment for any proposed recommendation that the primary financial regulatory agencies apply new or heightened standards and safeguards for a financial activity or practice.
(2) **Criteria** — The new or heightened standards and safeguards for a financial activity or practice recommended under paragraph (1)—
(A) shall take costs to long-term economic growth into account; and
(B) may include prescribing the conduct of the activity or practice in specific ways (such as by limiting its scope, or applying particular capital or risk management requirements to the conduct of the activity) or prohibiting the activity or practice.
**(c) Implementa
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 5334
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Federal law — U.S. Code and appendices · legal_authorities
For purposes of this part—
(1) the terms “Office” and “Director” mean the Office of Financial Research established under this part and the Director thereof, respectively;
(2) the term “financial company” has the same meaning as in subchapter II, and includes an insured depository institution and an insurance company;
(3) the term “Data Center” means the data center established under [section 5344 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section5344&num=0&edition=prelim);
(4) the term “Research and Analysis Center” means the research and analysis center established under [section 5344 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section5344&num=0&edition=prelim);
(5) the term “financial transaction data” means the structure and legal description of a financial contract, with sufficient detail to describe the rights and obligations between counterparties and make possible an independent valuation;
(6) the term “position data”—
(A) means data on financial assets or liabilities held on the balance sheet of a financial company, where positions are created or changed by the execution of a financial transaction; and
(B) includes information that identifies counterparties, the valuation by the financial company of the position, and information that makes possible an independent valuation of the position;
(7) the term “financial contract” means a legally binding agreement between 2 or more counterparties, describing rights and obligations relating to the future delivery of items of intrinsic or extrinsic value among the counterparties; and
(8) the term “financial instrument” means a financial contract in which the terms and conditions are publicly available, and the roles of one or mo
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 5345
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Federal law — U.S. Code and appendices · legal_authorities
Page 1852
TITLE 12—BANKS AND BANKING
§ 5344
data requested under subsection (a)(1) and sec-
tion 5344(b)(1) of this title, but only upon a
written finding by the Director that—
(A) such data is required to carry out the
functions described under this part; and
(B) the Office has coordinated with the rel-
evant primary financial regulatory agency,
as required under section 5344(b)(1)(B)(ii) of
this title.
(2) Format
Subpoenas under paragraph (1) shall bear the
signature of the Director, and shall be served
by any person or class of persons designated
by the Director for that purpose.
(3) Enforcement
In the case of contumacy or failure to obey
a subpoena, the subpoena shall be enforceable
by order of any appropriate district court of
the United States. Any failure to obey the
order of the court may be punished by the
court as a contempt of court.
(Pub. L. 111–203, title I, § 153, July 21, 2010, 124
Stat. 1415.)
Editorial Notes
REFERENCES IN TEXT
This Act, referred to in subsec. (a)(7), is Pub. L.
111–203, July 21, 2010, 124 Stat. 1376, known as the Dodd-
Frank Wall Street Reform and Consumer Protection
Act, which enacted this chapter and chapters 108 (§ 8201
et seq.) and 109 (§ 8301 et seq.) of Title 15, Commerce and
Trade, and enacted, amended, and repealed numerous
other sections and notes in the Code. For complete
classification of this Act to the Code, see Short Title
note set out under section 5301 of this title and Tables.
§ 5344. Organizational structure; responsibilities
of primary programmatic units
(a) In general
There are established within the Office, to
carry out the programmatic responsibilities of
the Office—
(1) the Data Center; and
(2) the Research and Analysis Center.
(b) Data Center
(1) General duties
(A) Data colle
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 5344
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