---
kind: "section"
citation: "12 U.S.C. § 4522"
title: "12"
title_heading: "Banks and Banking"
number: "4522"
heading: "Public disclosure of final orders and agreements"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/4522"
units:
  - "Chapter 46 — Government Sponsored Enterprises"
  - "Subchapter I — Supervision and Regulation of Enterprises"
  - "Part A — Financial Safety and Soundness Regulator"
---

# §4522. Public disclosure of final orders and agreements

- (a) **In general—** The [Director](/usc/12/4502.md?p=9) shall make available to the public—
  - (1) any written agreement or other written statement for which a [violation](/usc/12/4502.md?p=25) may be redressed by the [Director](/usc/12/4502.md?p=9) or any modification to or termination thereof, unless the [Director](/usc/12/4502.md?p=9), in the [Director](/usc/12/4502.md?p=9)’s discretion, determines that public disclosure would be contrary to the public interest or determines under [subsection (c)](#c) that public disclosure would seriously threaten the financial health or security of the [enterprise](/usc/12/4502.md?p=10);
  - (2) any order that is issued with respect to any administrative enforcement proceeding initiated by the [Director](/usc/12/4502.md?p=9) under subchapter III and that has become final; and
  - (3) any modification to or termination of any final order made public pursuant to this subsection.
- (b) **Hearings—** All hearings on the record with respect to any action of the [Director](/usc/12/4502.md?p=9) or notice of charges issued by the [Director](/usc/12/4502.md?p=9) shall be open to the public, unless the [Director](/usc/12/4502.md?p=9), in the [Director](/usc/12/4502.md?p=9)’s discretion, determines that holding an open hearing would be contrary to the public interest.
- (c) **Delay of public disclosure under exceptional circumstances—** If the [Director](/usc/12/4502.md?p=9) makes a determination in writing that the public disclosure of any final order pursuant to [subsection (a)](#a) would seriously threaten the financial health or security of the [enterprise](/usc/12/4502.md?p=10), the [Director](/usc/12/4502.md?p=9) may delay the public disclosure of such order for a reasonable time.
- (d) **Documents filed under seal in public enforcement hearings—** The [Director](/usc/12/4502.md?p=9) may file any document or part thereof under seal in any hearing under subchapter III if the [Director](/usc/12/4502.md?p=9) determines in writing that disclosure thereof would be contrary to the public interest.
- (e) **Retention of documents—** The [Director](/usc/12/4502.md?p=9) shall keep and maintain a record, for not less than 6 years, of all documents described in [subsection (a)](#a) and all enforcement agreements and other supervisory actions and supporting documents issued with respect to or in connection with any enforcement proceeding initiated by the [Director](/usc/12/4502.md?p=9) under subchapter III.
- (f) **Disclosures to Congress—** This section may not be construed to authorize the withholding of any information from, or to prohibit the disclosure of any information to, the Congress or any committee or subcommittee thereof.

## Source credit

(Pub. L. 102–550, title XIII, § 1319C, Oct. 28, 1992, 106 Stat. 3951.)