§253 Open data publication by the Board of Governors

This chapter, referred to in text, was in the original “this Act”, meaning act Dec. 23, 1913, ch. 6, 38 Stat. 251, known as the Federal Reserve Act. For complete classification of this Act to the Code, see

note set out under section 226 of this title and Tables. The Bank Holding Company Act of 1956, referred to in text, is act May 9, 1956, ch. 240, 70 Stat. 133, which is classified principally to chapter 17 (§ 1841 et seq.) of this title. For complete classification of this Act to the Code, see

note set out under section 1841 of this title and Tables. The Financial Stability Act of 2010, referred to in text, is title I of Pub. L. 111–203, July 21, 2010, 124 Stat. 1391, which is classified principally to subchapter I (§ 5311 et seq.) of chapter 53 of this title. For complete classification of this Act to the Code, see

note set out under section 5301 of this title and Tables. The Enhancing Financial Institution Safety and Soundness Act of 2010, referred to in text, is title III of Pub. L. 111–203, July 21, 2010, 124 Stat. 1520. For complete classification of this Act to the Code, see

note set out under section 5301 of this title and Tables.

Rulemaking Pub. L. 117–263, div. E, title LVIII, § 5863, Dec. 23, 2022, 136 Stat. 3435, provided that: “(a) In General.—The Board of Governors of the Federal Reserve System shall issue rules to carry out the

made by this subtitle [subtitle F (§§ 5861–5864) of title LVIII of div. E of Pub. L. 117–263, enacting this section and amending section 1467a, 1844, 5361, and 5468 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 Board of Governors of the Federal Reserve System—“(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

.” Rule of

Regarding No New Disclosure Requirements Pub. L. 117–263, div. E, title LVIII, § 5864, Dec. 23, 2022, 136 Stat. 3436, provided that: “Nothing in this subtitle [subtitle F (§§ 5861–5864) of title LVIII of div. E of Pub. L. 117–263, enacting this section, amending section 1467a, 1844, 5361, and 5468 of this title, and enacting provisions set out as a note under this section], or the

made by this subtitle, shall be construed to require the Board of Governors of the Federal Reserve System to collect or make publicly available additional information under any Act amended by this subtitle, any Act referenced in an amendment made by this subtitle, or any Act amended by an Act referenced in an amendment made by this subtitle, beyond information that was collected or made publicly available under any such provision of law, as of the day before the date of enactment of this Act [Dec. 23, 2022].”