
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: 12USC4586]

 
                       TITLE 12--BANKS AND BANKING
 
              CHAPTER 46--GOVERNMENT SPONSORED ENTERPRISES
 
         SUBCHAPTER I--SUPERVISION AND REGULATION OF ENTERPRISES
 
                     Part B--Authority of Secretary
 
                 subpart 3--enforcement of housing goals
 
Sec. 4586. Public disclosure of final orders and agreements


(a) In general

    The Secretary shall make available to the public--
        (1) any written agreement or other written statement for which a 
    violation may be redressed by the Secretary or any modification to 
    or termination thereof, unless the Secretary, in the Secretary'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 Secretary under this subpart 
    and that has become final in accordance with sections 4582 and 4583 
    of this title; and
        (3) any modification to or termination of any final order made 
    public pursuant to this subsection.

(b) Hearings

    All hearings with respect to any notice of charges issued by the 
Secretary shall be open to the public, unless the Secretary, in the 
Secretary'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 Secretary 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 soundness of the enterprise, the 
Secretary may delay the public disclosure of such order for a reasonable 
time.

(d) Documents filed under seal in public enforcement hearings

    The Secretary may file any document or part thereof under seal in 
any hearing under this subpart if the Secretary determines in writing 
that disclosure thereof would be contrary to the public interest.

(e) Retention of documents

    The Secretary 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 Secretary under this subpart.

(f) Disclosures to Congress

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

(Pub. L. 102-550, title XIII, Sec. 1346, Oct. 28, 1992, 106 Stat. 3968.)
