Page:United States Statutes at Large Volume 124.djvu/2145

 124 STAT. 2119 PUBLIC LAW 111–203—JULY 21, 2010 (2), if the Chairman determines that such disclosure would be in the public interest and would not harm the effectiveness of the relevant credit facility or the purpose or conduct of covered transactions. ‘‘(4) DEFINITIONS.—For purposes of this subsection, the fol- lowing definitions shall apply: ‘‘(A) CREDIT FACILITY.—The term ‘credit facility’ has the same meaning as in section 714(f)(1)(A) of title 31, United States Code. ‘‘(B) COVERED TRANSACTION.—The term ‘covered trans- action’ means— ‘‘(i) any open market transaction with a nongovern- mental third party conducted under the first undesig- nated paragraph of section 14 or subparagraph (a), (b), or (c) of the 2nd undesignated paragraph of such section, after the date of enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act; and ‘‘(ii) any advance made under section 10B after the date of enactment of that Act. ‘‘(5) TERMINATION OF CREDIT FACILITY BY OPERATION OF LAW.—A credit facility shall be deemed to have terminated as of the end of the 24-month period beginning on the date on which the credit facility ceases to make extensions of credit and loans, unless the credit facility is otherwise terminated by the Board before such date. ‘‘(6) CONSISTENT TREATMENT OF INFORMATION.—Except as provided in this subsection or section 13(3)(D), or in section 714(f)(3)(C) of title 31, United States Code, the information described in paragraph (1) and information concerning the transactions described in section 714(f) of such title, shall be confidential, including for purposes of section 552(b)(3) of title 5 of such Code, until the relevant mandatory release date described in paragraph (2), unless the Chairman of the Board determines that earlier disclosure of such information would be in the public interest and would not harm the effectiveness of the relevant credit facility or the purpose of conduct of the relevant transactions. ‘‘(7) PROTECTION OF PERSONAL PRIVACY.—This subsection and section 13(3)(C), section 714(f)(3)(C) of title 31, United States Code, and subsection (a) or (c) of section 1109 of the Dodd-Frank Wall Street Reform and Consumer Protection Act shall not be construed as requiring any disclosure of nonpublic personal information (as defined for purposes of section 502 of the Gramm-Leach-Bliley Act (12 U.S.C. 6802)) concerning any individual who is referenced in collateral pledged or assets transferred in connection with a credit facility or covered trans- action, unless the person is a borrower, participant, or counterparty under the credit facility or covered transaction. ‘‘(8) STUDY OF FOIA EXEMPTION IMPACT.— ‘‘(A) STUDY.—The Inspector General of the Board of Governors of the Federal Reserve System shall— ‘‘(i) conduct a study on the impact that the exemp- tion from section 552(b)(3) of title 5 (known as the Freedom of Information Act) established under para- graph (6) has had on the ability of the public to access information about the administration by the Board of Governors of emergency credit facilities, discount Confidentiality.