Title 12 — Banks and BankingRelease 119-73
§1831cc Data standards
Title 12 › Chapter CHAPTER 16— - FEDERAL DEPOSIT INSURANCE CORPORATION › § 1831cc
Summary
“Financial company” means what section 201(a) of the Dodd‑Frank Act (12 U.S.C. 5381(a)) says. The Corporation must adopt rules that set data standards for all information it gets from depository institutions or financial companies under this chapter or title II (12 U.S.C. 5381 et seq.), and, when feasible, make those standards match the data standards in rules under section 5334, including the features in clauses (i)–(vi) of subsection (c)(1)(B).
Full Legal Text
Title 12, §1831cc
Banks and Banking — Source: USLM XML via OLRC
(a)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)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)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.
Legislative History
Notes & Related Subsidiaries
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) 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 Pub. 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(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 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].”
Reference
Citations & Metadata
Citation
12 U.S.C. § 1831cc
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73