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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. § 4588 Subpoena authority us united_states_code code_section 12 BANKS AND BANKING 46 GOVERNMENT SPONSORED ENTERPRISES 4588 12 U.S.C. § 4588 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/s4588 data/legal/raw/us/code/title-12/usc12.xml 5c6cb14e6984592f8a1e9873ab0e9d43310bb9695ade2172df1105c384fc72b4 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa ebb023040ef2daf2b2173bac64ca6e4bbda1cd3ff6701b22fefe4db546877012 2026-07-04 official
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12 U.S.C. § 4588 - Subpoena authority

Text

(a) In general In the course of or in connection with any administrative proceeding under this subpart, the Director shall have the authority—

(1) to administer oaths and affirmations;

(2) to take and preserve testimony under oath;

(3) to issue subpoenas and subpoenas duces tecum; and

(4) to revoke, quash, or modify subpoenas and subpoenas duces tecum issued by the Director.

(b) Witnesses and documents The attendance of witnesses and the production of documents provided for in this section may be required from any place in any State at any designated place where such proceeding is being conducted.

(c) Enforcement The Director may bring an action or may request the Attorney General of the United States to bring an action in the United States district court for the judicial district in which such proceeding is being conducted, or where the witness resides or conducts business, or the United States District Court for the District of Columbia, for enforcement of any subpoena or subpoena duces tecum issued pursuant to this section. Such courts shall have jurisdiction and power to order and require compliance therewith.

(d) Fees and expenses Witnesses subpoenaed under this section shall be paid the same fees and mileage that are paid witnesses in the district courts of the United States. Any court having jurisdiction of any proceeding instituted under this section by an enterprise may allow to any such party such reasonable expenses and attorneys fees as the court deems just and proper. Such expenses and fees shall be paid by the enterprise or from its assets.

(Pub. L. 102550, title XIII, § 1348, Oct. 28, 1992, 106 Stat. 3968; Pub. L. 110289, div. A, title I, § 1130(e)(2), (3)(E), July 30, 2008, 122 Stat. 2711.)

Notes

Editorial Notes

Amendments2008—Subsec. (a). Pub. L. 110289, § 1130(e)(3)(E), substituted “Director” for “Secretary” in introductory provisions and in par. (4). Subsec. (c). Pub. L. 110289, § 1130(e)(3)(E), substituted “Director” for “Secretary”. Pub. L. 110289, § 1130(e)(2), inserted “may bring an action or” before “may request”.