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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 1831cc Data standards us united_states_code code_section 12 BANKS AND BANKING 16 FEDERAL DEPOSIT INSURANCE CORPORATION 1831cc 12 U.S.C. § 1831cc current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s1831cc data/legal/raw/us/code/title-12/usc12.xml 1606324a7744537f6a9944cf4f42331b45f4d7be9e52e683df7f70f04920b561 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 27879fbd371a5fa818520d40560593cb4f04f9df57b91b76ec155bb2d37a00e1 2026-07-04 official
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12 U.S.C. § 1831cc - Data standards

Text

(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. 117263, div. E, title LVIII, § 5831, Dec. 23, 2022, 136 Stat. 3430.)

Notes

Editorial Notes

References in TextThe Dodd-Frank Wall Street Reform and Consumer Protection Act, referred to in subsec. (b), is Pub. L. 111203, 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

RulemakingPub. L. 117263, 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 amendments made by this subtitle [subtitle C (§§ 58315834) of title LVIII of div. E of Pub. L. 117263, 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; Minimizing Disruption.—In issuing the rules required under subsection (a), the Federal Deposit Insurance Corporation—“(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 RequirementsPub. L. 117263, div. E, title LVIII, § 5834, Dec. 23, 2022, 136 Stat. 3431, provided that: “Nothing in this title [probably means “this subtitle”, subtitle C (§§ 58315834) of title LVIII of div. E of Pub. L. 117263, 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].”