12 U.S.C. § 1831dd — Open data publication

Page 1201 TITLE 12—BANKS AND BANKING § 1832 tion from any depository institution or financial company under this chapter or under title II of the Dodd-Frank Wall Street Reform and Con- sumer Protection Act (12 U.S.C. 5381 et seq.). (c) Consistency The data standards required under subsection (b) 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. (Sept. 21, 1950, ch. 967, § 2[52], as added Pub. L. 117–263, div. E, title LVIII, § 5831, Dec. 23, 2022, 136 Stat. 3430.) Editorial Notes REFERENCES IN TEXT The Dodd-Frank Wall Street Reform and Consumer Protection Act, referred to in subsec. (b), is Pub. L. 111–203, July 21, 2010, 124 Stat. 1376. Title II of the Act is classified principally to subchapter II (§ 5381 et seq.) of chapter 53 of this title. For complete classification of the Act to the Code, see Short Title note set out under section 5301 of this title and Tables. Statutory Notes and Related Subsidiaries RULEMAKING Pub. L. 117–263, div. E, title LVIII, § 5833, Dec. 23, 2022, 136 Stat. 3431, provided that: ‘‘(a) IN GENERAL.—The Federal Deposit Insurance Corporation shall issue rules to carry out the amend- ments made by this subtitle [subtitle C (§§ 5831–5834) of title LVIII of div. E of Pub. L. 117–263, enacting this section and section 1831dd of this title], 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 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 Federal Deposit Insurance Corpora- tion— ‘‘(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, § 5834, Dec. 23, 2022, 136 Stat. 3431, provided that: ‘‘Nothing in this title [probably means ‘‘this subtitle’’, subtitle C (§§ 5831–5834) of title LVIII of div. E of Pub. L. 117–263, enacting this section, section 1831dd of this title, and provisions set out as a note under this section], or the amendments made by this title, shall be construed to require the Federal Deposit Insurance Corporation to collect or make publicly available additional information under the Acts amended by this title (or under any provision of law referenced in an amendment made by this title), beyond information that was collected or made pub- licly available under any such provision, as of the day before the date of enactment of this Act [Dec. 23, 2022].’’ § 1831dd. Open data publication All public data assets published by the Cor- poration under this chapter or under the Dodd- Frank Wall Street Reform and Consumer Pro- tection Act (Public Law 111–203; 124 Stat. 1376) 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. (Sept. 21, 1950, ch. 967, § 2[53], as added Pub. L. 117–263, div. E, title LVIII, § 5832, Dec. 23, 2022, 136 Stat. 3431.) Editorial Notes REFERENCES IN TEXT The Dodd-Frank Wall Street Reform and Consumer Protection Act, referred to in text, is Pub. L. 111–203, July 21, 2010, 124 Stat. 1376, which enacted chapter 53 (§ 5301 et seq.) of this title 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. 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 5834 of Pub. L. 117–263, set out as a note under section 1831cc of this title. § 1832. Withdrawals by negotiable or transferable instruments for transfers to third parties (a) Authority of depository institution; applica- bility (1) Notwithstanding any other provision of law but subject to paragraph (2), a depository insti- tution is authorized to permit the owner of a de- posit or account on which interest or dividends are paid to make withdrawals by negotiable or transferable instruments for the purpose of making transfers to third parties. (2) Paragraph (1) shall apply only with respect to deposits or accounts which consist solely of funds in which the entire beneficial interest is held by one or more individuals or by an organi- zation which is operated primarily for religious, philanthropic, charitable, educational, political, or other similar purposes and which is not oper- ated for profit, and with respect to deposits of public funds by an officer, employee, or agent of the United States, any State, county, munici- pality, or political subdivision thereof, the Dis- trict of Columbia, the Commonwealth of Puerto Rico, American Samoa, Guam, any territory or possession of the United States, or any political subdivision thereof. (b) ‘‘Depository institution’’ defined For purposes of this section, the term ‘‘deposi- tory institution’’ means— (1) any insured bank as defined in section 1813 of this title; (2) any State bank as defined in section 1813 of this title; (3) any mutual savings bank as defined in section 1813 of this title;