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12 U.S.C. § 14aData standards; open data publication

submitted 4 years ago by Pub. L. 117-263 to r/title-12-BANKS-AND-BANKING · 198 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Comptroller of the Currency must create rules setting data standards for information that banks and similar entities regularly file with the Office of the Comptroller of the Currency. Those standards must match, as much as possible, standards already set under section 5334. Any public data the Comptroller publishes must be open, downloadable, human-readable, and available through an API.

(a) Data standards — (1) Requirement: The Comptroller of the Currency must create, through rule-making, data standards covering every regular filing or submission that entities send to the Comptroller, where the Office of the Comptroller of the Currency is that entity's main federal banking regulator (as defined in section 1813 of this title). (2) Consistency: These new data standards must line up with, and work together with, the data standards already created under section 5334 of this title, as much as this is realistically possible — including, where practical, matching the features listed in clauses (i) through (vi) of section 5334(c)(1)(B). (b) Open data publication — Any public data the Comptroller publishes under title LXII, or under the Dodd-Frank Wall Street Reform and Consumer Protection Act, must meet four requirements: (1) it must count as an "open Government data asset" as defined in section 3502 of title 44; (2) people must be able to download it for free; (3) it must be presented in a format a person can read; and (4) where it makes sense, people must be able to get it through an application programming interface (API) — a way for other computer programs to pull the data automatically.
the actual law source: uscode.house.gov ↗public domain
(a) Data standards
(1) Requirement

The Comptroller of the Currency shall, by rule, adopt data standards for all collections of information that are regularly filed with or submitted to the Comptroller of the Currency by any entity with respect to which the Office of the Comptroller of the Currency is the appropriate Federal banking agency (as defined in section 1813 of this title).

(2) Consistency

The data standards required under paragraph (1) 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.

(b) Open data publication

All public data assets published by the Comptroller of the Currency under title LXII or the Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111–203; 124 Stat. 1376) shall be—

(1)

made available as an open Government data asset (as defined in section 3502 of title 44);

(2)

freely available for download;

(3)

rendered in a human-readable format; and

(4)

accessible via application programming interface where appropriate.

Source credit: (R.S. § 333, as added Pub. L. 117–263, div. E, title LVIII, § 5841, Dec. 23, 2022, 136 Stat. 3431.)

history & why it existsrecord from the source credit
  • 2022Enacted · Pub. L. 117-263 · 136 Stat. 3431

A history note hasn’t been published yet. The record shows enactment by Pub. L. 117-263 on 2022-12-23.

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