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12 U.S.C. § 5335 — Open data publication
Federal law — U.S. Code and appendices · legal_authorities
Page 1849
TITLE 12—BANKS AND BANKING
§ 5341
Statutory Notes and Related Subsidiaries
RULES OF CONSTRUCTION APPLICABLE TO PUB. L.
117–263
Pub. L. 117–263, div. E, title LVIII, § 5813, Dec. 23, 2022,
136 Stat. 3424, provided that: ‘‘Nothing in this subtitle
[subtitle A (§§ 5811–5813) of title LVIII of div. E of Pub.
L. 117–263, enacting this section, section 5335 of this
title, and provisions set out as a note under section 5335
of this title], or the amendments made by this subtitle,
shall be construed to require the Secretary of the
Treasury to collect or make publicly available addi-
tional information under the Financial Stability Act of
2010 (12 U.S.C. 5311 et seq.), beyond information that
was collected or made publicly available under that
Act, as of the day before the date of enactment of this
Act [Dec. 23, 2022].’’
Pub. L. 117–263, div. E, title LVIII, § 5891, Dec. 23, 2022,
136 Stat. 3438, provided that:
‘‘(a) NO EFFECT ON INTELLECTUAL PROPERTY.—Noth-
ing in this title [see Short Title of 2022 Amendment
note set out under section 78a of Title 15, Commerce
and Trade], or the amendments made by this title, may
be construed to alter the legal protections, as in effect
on the day before the date of enactment of this Act
[Dec. 23, 2022], of copyrighted material or other intel-
lectual property rights of any non-Federal person.
‘‘(b) NO EFFECT
ON MONETARY POLICY.—Nothing in
this title, or the amendments made by this title, may
be construed to apply to activities conducted, or data
standards used, in connection with monetary policy
proposed or implemented by the Board of Governors of
the Federal Reserve System or the Federal Open Mar-
ket Committee.
‘‘(c) PRESERVATION OF AGENCY AUTHORITY TO TAILOR
REQUIREMENTS.—Nothing in this title, or the
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Page 1849
TITLE 12—BANKS AND BANKING
§ 5341
Statutory Notes and Related Subsidiaries
RULES OF CONSTRUCTION APPLICABLE TO PUB. L.
117–263
Pub. L. 117–263, div. E, title LVIII, § 5813, Dec. 23, 2022,
136 Stat. 3424, provided that: ‘‘Nothing in this subtitle
[subtitle A (§§ 5811–5813) of title LVIII of div. E of Pub.
L. 117–263, enacting this section, section 5335 of this
title, and provisions set out as a note under section 5335
of this title], or the amendments made by this subtitle,
shall be construed to require the Secretary of the
Treasury to collect or make publicly available addi-
tional information under the Financial Stability Act of
2010 (12 U.S.C. 5311 et seq.), beyond information that
was collected or made publicly available under that
Act, as of the day before the date of enactment of this
Act [Dec. 23, 2022].’’
Pub. L. 117–263, div. E, title LVIII, § 5891, Dec. 23, 2022,
136 Stat. 3438, provided that:
‘‘(a) NO EFFECT ON INTELLECTUAL PROPERTY.—Noth-
ing in this title [see Short Title of 2022 Amendment
note set out under section 78a of Title 15, Commerce
and Trade], or the amendments made by this title, may
be construed to alter the legal protections, as in effect
on the day before the date of enactment of this Act
[Dec. 23, 2022], of copyrighted material or other intel-
lectual property rights of any non-Federal person.
‘‘(b) NO EFFECT
ON MONETARY POLICY.—Nothing in
this title, or the amendments made by this title, may
be construed to apply to activities conducted, or data
standards used, in connection with monetary policy
proposed or implemented by the Board of Governors of
the Federal Reserve System or the Federal Open Mar-
ket Committee.
‘‘(c) PRESERVATION OF AGENCY AUTHORITY TO TAILOR
REQUIREMENTS.—Nothing in this title, or the amend-
ments made by this title, may be construed to prohibit
the head of a covered agency, as defined in section
124(a) of the Financial Stability Act of 2010 [12 U.S.C.
5334(a)], as added by section 5811(a) of this title, from
tailoring those standards when those standards are
adopted under this title and the amendments made by
this title.’’
Pub. L. 117–263, div. E, title LVIII, § 5892, Dec. 23, 2022,
136 Stat. 3438, provided that:
‘‘(a) IN GENERAL.—Nothing in this title [see Short
Title of 2022 Amendment note set out under section 78a
of Title 15, Commerce and Trade], or the amendments
made by this title, shall require the disclosure to the
public of—
‘‘(1) information that would be exempt from disclo-
sure under section 552 of title 5, United States Code
(commonly known as the ‘Freedom of Information
Act’); or
‘‘(2) information protected under—
‘‘(A) section 552a of title 5, United States Code
(commonly known as the ‘Privacy Act of 1974’);
‘‘(B) section 6103 of the Internal Revenue Code of
1986 [26 U.S.C. 6103]; or
‘‘(C) any law administered, or regulation promul-
gated, by the Financial Crimes Enforcement Net-
work of the Department of the Treasury.
‘‘(b) EXISTING AGENCY REGULATIONS.—Nothing in this
title, or the amendments made by this title, shall be
construed to require the Secretary of the Treasury, the
Securities and Exchange Commission, the Federal De-
posit Insurance Corporation, the Comptroller of the
Currency, the Director of the Bureau of Consumer Fi-
nancial Protection, the Board of Governors of the Fed-
eral Reserve System, the National Credit Union Admin-
istration Board, the Director of the Federal Housing
Finance Agency, or the head of any other primary fi-
nancial regulatory agency (as defined in section 2 of
the Dodd-Frank Wall Street Reform and Consumer Pro-
tection Act (12 U.S.C. 5301)) designated by the Sec-
retary of the Treasury to amend regulations and proce-
dures, as in effect on the day before the date of enact-
ment of this Act [Dec. 23, 2022], regarding the sharing
and disclosure of nonpublic information, including con-
fidential supervisory information.
‘‘(c) DATA PRIVACY AND PERSONALLY IDENTIFIABLE IN-
FORMATION.—Nothing in this title, or the amendments
made by this title, shall be construed to require the
Secretary of the Treasury, the Securities and Exchange
Commission, the Federal Deposit Insurance Corpora-
tion, the Comptroller of the Currency, the Director of
the Bureau of Consumer Financial Protection, the
Board of Governors of the Federal Reserve System, the
National Credit Union Administration Board, the Di-
rector of the Federal Housing Finance Agency, or the
head of any other primary financial regulatory agency
(as defined in section 2 of the Dodd-Frank Wall Street
Reform and Consumer Protection Act (12 U.S.C. 5301))
designated by the Secretary of the Treasury to disclose
to the public any information that can be used to dis-
tinguish or trace the identity of an individual, either
alone or when combined with other personal or identi-
fying information that is linked or linkable to a spe-
cific individual.’’
§ 5335. Open data publication
All public data assets published by the Sec-
retary under this part shall be—
(1) made available as an open Government
data asset (as defined in section 3502 of title
44);
(2) freely available for download;
(3) rendered in a human-readable format;
and
(4) accessible via application programming
interface where appropriate.
(Pub. L. 111–203, title I, § 125, as added Pub. L.
117–263, div. E, title LVIII, § 5812(a), Dec. 23, 2022,
136 Stat. 3423.)
Statutory Notes and Related Subsidiaries
RULEMAKING
Pub. L. 117–263, div. E, title LVIII, § 5812(c), Dec. 23,
2022, 136 Stat. 3423, provided that:
‘‘(1) IN GENERAL.—The Secretary of the Treasury shall
issue rules to carry out the amendments made by this
section [enacting this section], which shall take effect
not later than 2 years after the date on which final
rules are promulgated under section 124(b)(2) of the Fi-
nancial Stability Act of 2010 [12 U.S.C. 5334(b)(2)], as
added by section 5811(a) of this title.
‘‘(2) DELEGATION.—Notwithstanding any other provi-
sion of law, the Secretary of the Treasury may delegate
the functions required under the amendments made by
this subtitle [subtitle A (§§ 5811–5813) of title LVIII of
div. E of Pub. L. 117–263, enacting this section and sec-
tion 5334 of this title] to an appropriate office within
the Department of the Treasury.’’
RULE OF CONSTRUCTION
Enactment of section not to be construed to require
certain additional information to be collected or dis-
closed, see section 5813 of Pub. L. 117–263, set out as a
note under section 5334 of this title.
PART B—OFFICE OF FINANCIAL RESEARCH
§ 5341. Definitions
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, re-
spectively;
(2) the term ‘‘financial company’’ has the
same meaning as in subchapter II, and in-
cludes an insured depository institution and
an insurance company;
(3) the term ‘‘Data Center’’ means the data
center established under section 5344 of this
title;
Cross-references
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Secretary is authorized to promulgate regulations to implement and administer the grant programs and undertakings authorized by this subchapter.
**(b) Regulatory authority** Regulations prescribed under this section may contain such classifications, differentiations, or other provisions, and may provide for such adjustments and exceptions for any class of grant programs, undertakings, or eligible entities, as, in the judgment of the Secretary, are necessary or proper to effectuate the purposes of this subchapter, to prevent circumvention or evasion of this subchapter, or to facilitate compliance with this subchapter.
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Federal law — U.S. Code and appendices · legal_authorities
Page 1831
TITLE 12—BANKS AND BANKING
§ 5301
1 See References in Text note below.
Sec.
5532.
Disclosures.
5533.
Consumer rights to access information.
5534.
Response to consumer complaints and inquir-
ies.
5535.
Private Education Loan Ombudsman.
5536.
Prohibited acts.
5537.
Senior investor protections.
5538.
Mortgage loans; rulemaking procedures; en-
forcement.
PART D—PRESERVATION OF STATE LAW
5551.
Relation to State law.
5552.
Preservation
of
enforcement
powers
of
States.
5553.
Preservation of existing contracts.
PART E—ENFORCEMENT POWERS
5561.
Definitions.
5562.
Investigations and administrative discovery.
5563.
Hearings and adjudication proceedings.
5564.
Litigation authority.
5565.
Relief available.
5566.
Referrals for criminal proceedings.
5567.
Employee protection.
PART F—TRANSFER OF FUNCTIONS AND PERSONNEL;
TRANSITIONAL PROVISIONS
5581.
Transfer of consumer financial protection
functions.
5582.
Designated transfer date.
5583.
Savings provisions.
5584.
Transfer of certain personnel.
5585.
Incidental transfers.
5586.
Interim authority of the Secretary.
5587.
Transition oversight.
PART G—REGULATORY IMPROVEMENTS
5601.
Remittance transfers.
5602.
Reverse mortgage study and regulations.
5603.
Review, report, and program with respect to
exchange facilitators.
SUBCHAPTER VI—FEDERAL RESERVE SYSTEM
PROVISIONS
5611.
Liquidity event determination.
5612.
Emergency financial stabilization.
5613.
Additional related matters.
5614.
Exercise of Federal Reserve authority.
SUBCHAPTER VII—IMPROVING ACCESS TO
MAINSTREAM FINANCIAL INSTITUTIONS
5621.
Purpose.
5622.
Definitions.
5623.
Expanded access to mainstream financial in-
stitutions.
5624.
Low-cost alternatives to small dollar loans.
5625.
Proce
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 5301
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definitions** For purposes of this section, the following definitions shall apply:
(1) **Generally applicable leverage capital requirements** — The term “generally applicable leverage capital requirements” means—
(A) the minimum ratios of tier 1 capital to average total assets, as established by the appropriate Federal banking agencies to apply to insured depository institutions under the prompt corrective action regulations implementing section 1831o of this title, regardless of total consolidated asset size or foreign financial exposure; and
(B) includes the regulatory capital components in the numerator of that capital requirement, average total assets in the denominator of that capital requirement, and the required ratio of the numerator to the denominator.
(2) **Generally applicable risk-based capital requirements** — The term “generally applicable risk-based capital requirements” means—
(A) the risk-based capital requirements, as established by the appropriate Federal banking agencies to apply to insured depository institutions under the prompt corrective action regulations implementing section 1831o of this title, regardless of total consolidated asset size or foreign financial exposure; and
(B) includes the regulatory capital components in the numerator of those capital requirements, the risk-weighted assets in the denominator of those capital requirements, and the required ratio of the numerator to the denominator.
(3) **Definition of depository institution holding company** — The term “depository institution holding company” means a bank holding company or a savings and loan holding company (as those terms are defined in [section 1813 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1813&num=0&edit
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Federal law — U.S. Code and appendices · legal_authorities
Page 1834
TITLE 12—BANKS AND BANKING
§ 5302
title] may be cited as the ‘Insurance Capital Standards
Clarification Act of 2014’.’’
Pub. L. 113–173, § 1, Sept. 26, 2014, 128 Stat. 1899, pro-
vided that: ‘‘This Act [amending section 5514 of this
title] may be cited as the ‘Examination and Super-
visory Privilege Parity Act of 2014’.’’
SHORT TITLE
Pub. L. 111–203, § 1(a), July 21, 2010, 124 Stat. 1376, pro-
vided that: ‘‘This Act [see Tables for classification]
may be cited as the ‘Dodd-Frank Wall Street Reform
and Consumer Protection Act’.’’
Pub. L. 111–203, title I, § 101, July 21, 2010, 124 Stat.
1391, provided that: ‘‘This title [enacting subchapter I
of this chapter and amending sections 1818, 1820, 1833b,
and 3105 of this title, sections 3132 and 5314 of Title 5,
Government Organization and Employees, and section
78o of Title 15, Commerce and Trade] may be cited as
the ‘Financial Stability Act of 2010’.’’
Pub. L. 111–203, title III, § 300, July 21, 2010, 124 Stat.
1520, provided that: ‘‘This title [enacting subchapter III
of this chapter and sections 4b and 16 of this title,
amending sections 1, 11, 248, 461, 481, 482, 1438, 1462 to
1464, 1466a to 1468b, 1470, 1701c, 1701p–1, 1708, 1757, 1785,
1786, 1787, 1812, 1813, 1817, 1818, 1820, 1821, 1823, 1828, 1829,
1831e, 1831j, 1833b, 1833e, 1834, 1841, 1843, 1844, 1861, 1867,
1881, 1882, 1884, 1972, 2709, 2902, 2905, 3206 to 3208, 3332,
4515, and 4517 of this title, section 906 of Title 2, The
Congress, sections 78c, 78l, 78o–5, and 78w of Title 15,
Commerce and Trade, sections 212, 657, 981, 982, 1006,
1014, and 1032 of Title 18, Crimes and Criminal Proce-
dure, sections 321 and 714 of Title 31, Money and Fi-
nance, sections 4003 and 8105 of Title 42, The Public
Health and Welfare, and section 3502
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 5311
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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
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Federal law — U.S. Code and appendices · legal_authorities
Page 1848
TITLE 12—BANKS AND BANKING
§ 5334
(B) limits on the organizational com-
plexity and diversification of large financial
institutions;
(C) requirements for operational separa-
tion between business units of large finan-
cial institutions in order to expedite resolu-
tion in case of failure;
(D) limits on risk transfer between busi-
ness units of large financial institutions;
(E) requirements to carry contingent cap-
ital or similar mechanisms;
(F) limits on commingling of commercial
and financial activities by large financial in-
stitutions;
(G) segregation requirements between tra-
ditional financial activities and trading or
other high-risk operations in large financial
institutions; and
(H) other limitations on the activities or
structure of large financial institutions that
may be useful to limit systemic risk.
(2) Recommendations
The study required by this section shall in-
clude recommendations for the optimal struc-
ture of any limits considered in subparagraphs
(A) through (E), in order to maximize their ef-
fectiveness and minimize their economic im-
pact.
(b) Report
Not later than the end of the 180-day period
beginning on July 21, 2010, and not later than
every 5 years thereafter, the Chairperson shall
issue a report to the Congress containing any
findings and determinations made in carrying
out the study required under subsection (a).
(Pub. L. 111–203, title I, § 123, July 21, 2010, 124
Stat. 1412.)
§ 5334. Data standards
(a) Definitions
In this section—
(1) the term ‘‘covered agencies’’ means—
(A) the Department of the Treasury;
(B) the Board of Governors;
(C) the Office of the Comptroller of the
Currency;
(D) the Bureau;
(E) the Commission;
(F) the Corporation;
(G) the Federal Housing Finance Agency;
(H) the Natio
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 5334
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Mitigatory actions** If the Board of Governors determines that a bank holding company with total consolidated assets of $250,000,000,000 or more, or a nonbank financial company supervised by the Board of Governors, poses a grave threat to the financial stability of the United States, the Board of Governors, upon an affirmative vote of not fewer than ⅔ of the voting members of the Council then serving, shall—
(1) limit the ability of the company to merge with, acquire, consolidate with, or otherwise become affiliated with another company;
(2) restrict the ability of the company to offer a financial product or products;
(3) require the company to terminate one or more activities;
(4) impose conditions on the manner in which the company conducts 1 or more activities; or
(5) if the Board of Governors determines that the actions described in paragraphs (1) through (4) are inadequate to mitigate a threat to the financial stability of the United States in its recommendation, require the company to sell or otherwise transfer assets or off-balance-sheet items to unaffiliated entities.
**(b) Notice and hearing**
(1) **In general** — The Board of Governors, in consultation with the Council, shall provide to a company described in subsection (a) written notice that such company is being considered for mitigatory action pursuant to this section, including an explanation of the basis for, and description of, the proposed mitigatory action.
(2) **Hearing** — Not later than 30 days after the date of receipt of notice under paragraph (1), the company may request, in writing, an opportunity for a written or oral hearing before the Board of Governors to contest the proposed mitigatory action. Upon receipt of a timely request, the Board of Governors shall fix a time (not late
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Federal law — U.S. Code and appendices · legal_authorities
**(a) General rule** Returns and return information shall be confidential, and except as authorized by this title—
(1) no officer or employee of the United States,
(2) no officer or employee of any State, any local law enforcement agency receiving information under subsection (i)(1)(C) or (7)(A), any tribal or local child support enforcement agency, or any local agency administering a program listed in subsection (l)(7)(D) who has or had access to returns or return information under this section or section 6104(c), and
(3) no other person (or officer or employee thereof) who has or had access to returns or return information under subsection (c), subsection (e)(1)(D)(iii), paragraph (10), (13), (14), or (15) of subsection (k), paragraph (6), (8), (10), (12), (13) (other than subparagraphs (D)(v) and (D)(vi) thereof), (16), (19), (20), or (21) of subsection (l), paragraph (2) or (4)(B) of subsection (m), or subsection (n),
shall disclose any return or return information obtained by him in any manner in connection with his service as such an officer or an employee or otherwise or under the provisions of this section. For purposes of this subsection, the term “officer or employee” includes a former officer or employee.
**(b) Definitions** For purposes of this section—
(1) **Return** — The term “return” means any tax or information return, declaration of estimated tax, or claim for refund required by, or provided for or permitted under, the provisions of this title which is filed with the Secretary by, on behalf of, or with respect to any person, and any amendment or supplement thereto, including supporting schedules, attachments, or lists which are supplemental to, or part of, the return so filed.
(2) **Return information** — The term “return information” means—
(
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 6103
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Federal law — U.S. Code and appendices · legal_authorities
Page 3426
TITLE 26—INTERNAL REVENUE CODE
§ 6101
1961—Pub. L. 87–397, § 1(c)(1), Oct. 5, 1961, 75 Stat. 829,
added item 6109 and redesignated former item 6109 as
6110.
§ 6101. Period covered by returns or other docu-
ments
When not otherwise provided for by this title,
the Secretary may by regulations prescribe the
period for which, or the date as of which, any re-
turn, statement, or other document required by
this title or by regulations, shall be made.
(Aug. 16, 1954, ch. 736, 68A Stat. 753; Pub. L.
94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90
Stat. 1834.)
Editorial Notes
AMENDMENTS
1976—Pub. L. 94–455 struck out ‘‘or his delegate’’ after
‘‘Secretary’’.
§ 6102. Computations on returns or other docu-
ments
(a) Amounts shown on internal revenue forms
The Secretary is authorized to provide with
respect to any amount required to be shown on
a form prescribed for any internal revenue re-
turn, statement, or other document, that if such
amount of such item is other than a whole-dol-
lar amount, either—
(1) the fractional part of a dollar shall be
disregarded; or
(2) the fractional part of a dollar shall be
disregarded unless it amounts to one-half dol-
lar or more, in which case the amount (deter-
mined without regard to the fractional part of
a dollar) shall be increased by $1.
(b) Election not to use whole dollar amounts
Any person making a return, statement, or
other document shall be allowed, under regula-
tions prescribed by the Secretary, to make such
return, statement, or other document without
regard to subsection (a).
(c) Inapplicability to computation of amount
The provisions of subsections (a) and (b) shall
not be applicable to items which must be taken
into account in making the computations nec-
essary to determine the a
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 6103
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