
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC4522]

 
                       TITLE 12--BANKS AND BANKING
 
              CHAPTER 46--GOVERNMENT SPONSORED ENTERPRISES
 
         SUBCHAPTER I--SUPERVISION AND REGULATION OF ENTERPRISES
 
            Part A--Financial Safety and Soundness Regulator
 
Sec. 4522. Public disclosure of final orders and agreements


(a) In general

    The Director shall make available to the public--
        (1) any written agreement or other written statement for which a 
    violation may be redressed by the Director or any modification to or 
    termination thereof, unless the Director, in the Director's 
    discretion, determines that public disclosure would be contrary to 
    the public interest or determines under subsection (c) of this 
    section that public disclosure would seriously threaten the 
    financial health or security of the enterprise;
        (2) any order that is issued with respect to any administrative 
    enforcement proceeding initiated by the Director under subchapter 
    III of this chapter and that has become final; and
        (3) any modification to or termination of any final order made 
    public pursuant to this subsection.

(b) Hearings

    All hearings on the record with respect to any action of the 
Director or notice of charges issued by the Director shall be open to 
the public, unless the Director, in the Director's discretion, 
determines that holding an open hearing would be contrary to the public 
interest.

(c) Delay of public disclosure under exceptional circumstances

    If the Director makes a determination in writing that the public 
disclosure of any final order pursuant to subsection (a) of this section 
would seriously threaten the financial health or security of the 
enterprise, the Director may delay the public disclosure of such order 
for a reasonable time.

(d) Documents filed under seal in public enforcement hearings

    The Director may file any document or part thereof under seal in any 
hearing under subchapter III of this chapter if the Director determines 
in writing that disclosure thereof would be contrary to the public 
interest.

(e) Retention of documents

    The Director shall keep and maintain a record, for not less than 6 
years, of all documents described in subsection (a) of this section and 
all enforcement agreements and other supervisory actions and supporting 
documents issued with respect to or in connection with any enforcement 
proceeding initiated by the Director under subchapter III of this 
chapter.

(f) Disclosures to Congress

    This section may not be construed to authorize the withholding of 
any information from, or to prohibit the disclosure of any information 
to, the Congress or any committee or subcommittee thereof.

(Pub. L. 102-550, title XIII, Sec. 1319C, Oct. 28, 1992, 106 Stat. 
3951.)
