Page:United States Statutes at Large Volume 103 Part 1.djvu/414

 103 STAT. 386 PUBLIC LAW 101-73 —AUG. 9, 1989 the Corporation's financial statement, shall be made avail- able to the Comptroller General. "(2) PUBLIC DISCLOSURE OF TRANSACTIONS.— Public "(A) DISCLOSURE REQUIRED. —Except as otherwise pro- information. vided in this subsection, the Corporation shall make avail- able to the public— "(i) any sigreement entered into by the Corporation relating to a transaction for which the Corporation provides assistance pursuant to section 13(c) of the • Federal Deposit Insurance Act, not later than 30 days after the first meeting of the Oversight Board after such agreement is entered into; and ' . '"^ "(ii) all agreements relating to cases reviewed by the Corporation pursuant to subsection (b)(UXB). "(B) EXCEPTION FOR DISCLOSURES AGAINST THE PUBLIC INTEREST.— " (i) IN GENERAL,—The Oversight Board may withhold from public disclosure any document or part of a docu- ment if the Oversight Board determines, by a unani- / mous affirmative vote of the members of the Board, '' that disclosure would be contrary to the public interest, " (ii) REPORT OF DETERMINATION. —A written report «'• shall be made of any determination by the Oversight Board to withhold any part of a document from public disclosure pursuant to clause (i). Such report shall contain a full explanation of the specific reasons for such determination. ^ "(iii) PUBLICATION AND SUBMISSION OF REPORT. —The report prepared pursuant to clause (ii) shall be— Federal "(I) published in the Federal Register; and ^S^cltion "^^^^ transmitted to the Committee on Banking, pu ica ion. Finance and Urban Affairs of the House of Rep- resentatives and the Committee on Banking, Hous- ing, and Urban Affairs of the Senate. "(C) AGREEMENT DEFINED.—For purposes of this subsec- tion, the term 'agreement'includes— "(i) all documents which effectuate the terms and ^<'s ili conditions of the assisted transaction; ^ "(ii) a comparison, which the Corporation shall pre- pare of— "(I) the estimated cost of the transaction, with "(II) the estimated cost of liquidating the insured institution; and "(iii) a description of any economic or statistical assumptions on which such estimates are based. "(3) DISCLOSURE TO CONGRESS OF TRANSACTIONS.— "(A) PROSPECTIVE TRANSACTIONS. — The Corporation shall "' make available to the Committee on Banking, Finance and Urban Affairs of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate any agreement entered into by the Corporation -- relating to a transaction for which the Corporation provides ^ assistance pursuant to section 13(c) of the Federal Deposit Insurance Act not later than 25 days after the first meeting of the Oversight Board after such agreement is entered into. The foregoing requirement is in addition to the Cor-

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