Sec. 101. Federal Deposit Insurance Corporation transparency
349 words·~2 min read·
/bill/118/hr/3556/rh/section-101A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 13(c) of the Federal Deposit Insurance Act ( 12 U.S.C. 1823 ) is amended— in paragraph (1)(C), by inserting after taken the following: after notification to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate and ; in paragraph (4)— in subparagraph (B)(i)(I), by striking a present-value and inserting an expected present-value ; and in subparagraph (G)— in clause (i)— by inserting after notification to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate and before upon the ; and in subclause (II), by striking would and inserting that can be shown to ; in clause (iii)(I), by inserting before the semicolon the following: , including documentation of factors, empirical analyses, and data that gave rise to the determination ; and by adding at the end the following:
With respect to each determination under clause (i), the Board of Directors, the Board of Governors of the Federal Reserve System, and the Secretary of the Treasury shall each provide to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate— not later than 3 days after such determination, all documentation related to such determination, including staff analyses and memoranda; and not later than 30 days after such determination, any analyses undertaken to justify such determination, including data, metrics used, and quantitative analyses undertaken.
The Secretary of the Treasury shall provide the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate with such additional information related to a determination under clause
(i)as the committees may request. The Secretary of the Treasury may submit, with such information, a written request and justification for the committees to treat the information confidentially. ; and in paragraph (8)(B), after in writing by inserting , shall include details of factors that led to the determination and analyses of those factors and their implications .
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 101
Federal Deposit Insurance Corporation transparency
Cites 1Cited by 0 across 0 sources