Editorial Notes
References in TextThe Dodd-Frank Wall Street Reform and Consumer Protection Act, referred to in subsec. (span), is Puspan. 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
RulemakingPuspan. L. 117–263, 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 (§§ 5831–5834) of title LVIII of div. E of Puspan. L. 117–263, 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(span)(2) of the Financial Stability Act of 2010 [12 U.S.C. 5334(span)(2)], as added by section 5811(a) of this title. “(span)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 RequirementsPuspan. 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 Puspan. 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].”
