12 U.S.C. § 1772f — Open data publication

Page 883 TITLE 12—BANKS AND BANKING § 1773 the credit union was found guilty) to prevent the occurrence of any other money laundering offense. (5) The extent to which the interest of the local community in having adequate deposit and credit services available would be threat- ened by the forfeiture of the franchise. (c) Successor liability This section shall not apply to a successor to the interests of, or a person who acquires, a credit union that violated a provision of law de- scribed in subsection (a), if the successor suc- ceeds to the interests of the violator, or the ac- quisition is made, in good faith and not for pur- poses of evading this section or regulations pre- scribed under this section. (June 26, 1934, ch. 750, title I, § 131, as added Pub. L. 102–550, title XV, § 1502(c), Oct. 28, 1992, 106 Stat. 4047; amended Pub. L. 103–325, title IV, § 411(c)(2)(B), Sept. 23, 1994, 108 Stat. 2253.) Editorial Notes AMENDMENTS 1994—Subsec. (a)(2). Pub. L. 103–325 substituted ‘‘sec- tion 5322 or 5324 of title 31’’ for ‘‘section 5322 of title 31’’. § 1772e. Data standards (a) Requirement The Board shall, by rule, adopt data standards for all collections of information and reports regularly filed with or submitted to the Admin- istration under this chapter. (b) Consistency The data standards required under subsection (a) shall incorporate, and ensure compatibility with (to the extent feasible), all applicable data standards established in the rules promulgated under section 5334 of this title, including, to the extent practicable, by having the characteristics described in clauses (i) through (vi) of sub- section (c)(1)(B) of such section 5334. (June 26, 1934, ch. 750, title I, § 132, as added Pub. L. 117–263, div. E, title LVIII, § 5871, Dec. 23, 2022, 136 Stat. 3436.) Statutory Notes and Related Subsidiaries RULEMAKING Pub. L. 117–263, div. E, title LVIII, § 5873, Dec. 23, 2022, 136 Stat. 3436, provided that: ‘‘(a) IN GENERAL.—The National Credit Union Admin- istration Board shall issue rules to carry out the amendments made by this subtitle [subtitle G (§§ 5871–5874) of title LVIII of div. E of Pub. L. 117–263, enacting this section and section 1772f of this title], which shall take effect not later than 2 years after the date on which final rules are promulgated under sec- tion 124(b)(2) of the Financial Stability Act of 2010 [12 U.S.C. 5334(b)(2)], as added by section 5811(a) of this title. ‘‘(b) SCALING OF REGULATORY REQUIREMENTS; MINI- MIZING DISRUPTION.—In issuing the rules required under subsection (a), the National Credit Union Administra- tion Board— ‘‘(1) may scale data reporting requirements in order to reduce any unjustified burden on smaller regulated entities; and ‘‘(2) shall seek to minimize disruptive changes to the persons affected by those regulations.’’ RULE OF CONSTRUCTION REGARDING NO NEW DISCLOSURE REQUIREMENTS Pub. L. 117–263, div. E, title LVIII, § 5874, Dec. 23, 2022, 136 Stat. 3437, provided that: ‘‘Nothing in this subtitle [subtitle G (§§ 5871–5874) of title LVIII of div. E of Pub. L. 117–263, enacting this section, section 1772f of this title, and provisions set out as a note under this sec- tion], or the amendments made by this subtitle, shall be construed to require the National Credit Union Ad- ministration Board to collect or make publicly avail- able additional information under the Federal Credit Union Act (12 U.S.C. 1751 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].’’ § 1772f. Open data publication All public data assets published by the Admin- istration under this subchapter 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. (June 26, 1934, ch. 750, title I, § 133, as added Pub. L. 117–263, div. E, title LVIII, § 5872, Dec. 23, 2022, 136 Stat. 3436.) Statutory Notes and Related Subsidiaries RULE OF CONSTRUCTION REGARDING NO NEW DISCLOSURE REQUIREMENTS Enactment of section not to be construed to require certain additional information to be collected or dis- closed, see section 5874 of Pub. L. 117–263, set out as a note under section 1772e of this title. § 1773. District of Columbia credit unions; con- version to Federal status Any credit union organized under the District of Columbia Credit Unions Act, as amended, may apply for conversion into a Federal credit union by filing with the National Credit Union Administration Board (in sections 1773 to 1775 of this title referred to as the Board), pursuant to a resolution adopted by a majority of its direc- tors, an organization certificate meeting the re- quirements of section 1753 of this title. (Pub. L. 88–395, § 1, Aug. 1, 1964, 78 Stat. 377; Pub. L. 91–206, § 3, Mar. 10, 1970, 84 Stat. 49; Pub. L. 95–630, title V, § 501, Nov. 10, 1978, 92 Stat. 3680.) Editorial Notes REFERENCES IN TEXT The District of Columbia Credit Unions Act, referred to in text, was repealed by Pub. L. 88–395, § 4, Aug. 1, 1964, 78 Stat. 377. CODIFICATION Section was not enacted as part of the Federal Credit Union Act which comprises this chapter. Statutory Notes and Related Subsidiaries TRANSFER OF FUNCTIONS ‘‘National Credit Union Administration Board’’ and ‘‘Board’’ substituted in text for ‘‘Director of the Bureau of Federal Credit Unions’’ and ‘‘Director’’, respectively,