Us Code § 1831cc - Data standards
Full text of Us Code United States Code § 1831cc — Data standards, with citation guidance and answers to common questions.
§ 1831cc. Data standards
(a) Definition
In this section, the term "financial company" has the meaning given the term in section 201(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5381(a)).
(b) Requirement
The Corporation shall, by rule, adopt data standards for all collections of information with respect to information received by the Corporation from any depository institution or financial company under this chapter or under title II of the Dodd-Frank Wall Street Reform and Consumer 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 subsection (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)
"(b)
"(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 publicly available under any such provision, as of the day before the date of enactment of this Act [Dec. 23, 2022]."
About This Section
12 U.S.C. § 1831cc is part of Title 12 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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