12 U.S.C. § 4527 — Data standards

Page 1662 TITLE 12—BANKS AND BANKING § 4526 § 4526. Regulations and orders (a) Authority The Director shall issue any regulations, guidelines, or orders necessary to carry out the duties of the Director under this chapter or the authorizing statutes, and to ensure that the pur- poses of this chapter and the authorizing stat- utes are accomplished. (b) Notice and comment Any regulations issued by the Director under this section shall be issued after notice and op- portunity for public comment pursuant to the provisions of section 553 of title 5. (Pub. L. 102–550, title XIII, § 1319G, Oct. 28, 1992, 106 Stat. 3952; Pub. L. 110–289, div. A, title I, § 1107, July 30, 2008, 122 Stat. 2672.) Editorial Notes REFERENCES IN TEXT This chapter, referred to in subsec. (a), was in the original ‘‘this title’’, meaning title XIII of Pub. L. 102–550, Oct. 28, 1992, 106 Stat. 3941, which is classified principally to this chapter. For complete classification of title XIII to the Code, see Short Title note set out under section 4501 of this title and Tables. AMENDMENTS 2008—Subsec. (a). Pub. L. 110–289, § 1107(1), added sub- sec. (a) and struck out former subsec. (a). Prior to amendment, text read as follows: ‘‘The Director shall issue any regulations and orders necessary to carry out the duties of the Director and to carry out this chapter before the expiration of the 18-month period beginning on the appointment of the Director under section 4512 of this title. Such regulations and orders shall be sub- ject to the approval of the Secretary only to the extent provided in subsections (b) and (c) of section 4513 of this title.’’ Subsec. (c). Pub. L. 110–289, § 1107(2), struck out sub- sec. (c). Text read as follows: ‘‘The Director may not publish any regulation for comment under subsection (b) of this section unless, not less than 15 days before it is published for comment, the Director has submitted a copy of the regulation, in the form it is intended to be proposed, to the Committee on Banking, Finance and Urban Affairs of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate.’’ § 4527. Data standards (a) Requirement The Agency shall, by rule, adopt data stand- ards for all collections of information that are regularly filed with or submitted to the Agency. (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. (Pub. L. 102–550, title XIII, § 1319H, as added Pub. L. 117–263, div. E, title LVIII, § 5881, Dec. 23, 2022, 136 Stat. 3437.) Statutory Notes and Related Subsidiaries RULEMAKING Pub. L. 117–263, div. E, title LVIII, § 5883, Dec. 23, 2022, 136 Stat. 3437, provided that: ‘‘(a) IN GENERAL.—The Director of the Federal Hous- ing Finance Agency shall issue rules to carry out the amendments made by this subtitle [subtitle H (§§ 5881–5884) of title LVIII of div. E of Pub. L. 117–263, enacting this section and section 4528 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) MINIMIZING DISRUPTION.—In issuing the regula- tions required under subsection (a), the Director of the Federal Housing Finance Agency shall seek to mini- mize disruptive changes to the persons affected by those rules.’’ RULE OF CONSTRUCTION REGARDING NO NEW DISCLOSURE REQUIREMENTS Pub. L. 117–263, div. E, title LVIII, § 5884, Dec. 23, 2022, 136 Stat. 3438, provided that: ‘‘Nothing in this subtitle [subtitle H (§§ 5881–5884) of title LVIII of div. E of Pub. L. 117–263, enacting this section, section 4528 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 Federal Housing Finance Agency to collect or make publicly available additional information under the Federal Housing Enterprises Fi- nancial Safety and Soundness Act of 1992 (12 U.S.C. 4501 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].’’ § 4528. Open data publication All public data assets published by the Agency 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. 102–550, title XIII, § 1319I, as added Pub. L. 117–263, div. E, title LVIII, § 5882, Dec. 23, 2022, 136 Stat. 3437.) 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 5884 of Pub. L. 117–263, set out as a note under section 4527 of this title. PART B—ADDITIONAL AUTHORITIES OF THE DIRECTOR SUBPART 1—GENERAL AUTHORITY § 4541. Prior approval authority for products (a) In general The Director shall require each enterprise to obtain the approval of the Director for any prod- uct of the enterprise before initially offering the product. (b) Standard for approval In considering any request for approval of a product pursuant to subsection (a), the Director shall make a determination that— (1) in the case of a product of the Federal National Mortgage Association, the product is