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Title 12 — Banks and Banking

Part B · Chapter 46 — Government Sponsored Enterprises

§ 4588. Subpoena authority

Statutory text

(a)

In general

In the course of or in connection with any administrative proceeding under this subpart, the Director shall have the authority—

(1)

to administer oaths and affirmations;

(2)

to take and preserve testimony under oath;

(3)

to issue subpoenas and subpoenas duces tecum; and

(4)

to revoke, quash, or modify subpoenas and subpoenas duces tecum issued by the Director.

(b)

Witnesses and documents

The attendance of witnesses and the production of documents provided for in this section may be required from any place in any State at any designated place where such proceeding is being conducted.

(c)

Enforcement

The Director may bring an action or may request the Attorney General of the United States to bring an action in the United States district court for the judicial district in which such proceeding is being conducted, or where the witness resides or conducts business, or the United States District Court for the District of Columbia, for enforcement of any subpoena or subpoena duces tecum issued pursuant to this section. Such courts shall have jurisdiction and power to order and require compliance therewith.

(d)

Fees and expenses

Witnesses subpoenaed under this section shall be paid the same fees and mileage that are paid witnesses in the district courts of the United States. Any court having jurisdiction of any proceeding instituted under this section by an enterprise may allow to any such party such reasonable expenses and attorneys fees as the court deems just and proper. Such expenses and fees shall be paid by the enterprise or from its assets.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

  1. Federal Housing Enterprises Financial Safety and Soundness Act of 1992

    Pub. L. 102–550 title XIII § 1348 · 106 Stat. 3672

    Enacted · 12 U.S.C. § 4588

    Pub. L. 102–550, title XIII, § 1348, Oct. 28, 1992, 106 Stat. 3968

    Source evidence

    Code source credit
    Pub. L. 102–550, title XIII, § 1348, Oct. 28, 1992, 106 Stat. 3968

    Enacted provision · exact public law section
    SEC. 1348. SUBPOENA AUTHORITY. (a) In General.— In the course of or in connection with any administrative proceeding under this subpart, the Secretary shall have the authority— (1) to administer oaths and affirmations; (2) to take and preserve testimony under oath; (3) to issue subpoenas and subpoenas duces tecum; and (4) to revoke. Quash, or modify subpoenas and subpoenas duces tecum issued by the Secretary. (b) Witnesses and Documents.— The attendance of witnesses and the production of documents provided for in this section may be required from any place in any State at any designated place where such proceeding is being conducted. (c) Enforcement.— The Secretary may request the Attorney General of the United States to bring an action in the United States district court for the judicial district in which such proceeding is being conducted, or where the witness resides or conducts business, or the United States District Court for the District of Columbia, for enforcement of any subpoena or subpoena duces tecum issued pursuant to this section. Such courts shall have jurisdiction and power to order and require compliance therewith. (d) Fees and Expenses.— Witnesses subpoenaed under this section shall be paid the same fees and mileage that are paid witnesses in the district courts of the United States. Any court having jurisdiction of any proceeding instituted under this section by an enterprise may allow to any such party such reasonable expenses and attorneys fees as the court deems just and proper. Such expenses and fees shall be paid by the enterprise or from its assets.

  2. Federal Housing Finance Regulatory Reform Act of 2008

    Pub. L. 110–289 § 1130(e)(3)(E) · 122 Stat. 2654

    Substituted · 12 U.S.C. § 4588(a)

    Pub. L. 110–289, § 1130(e)(3)(E), substituted “Director” for “Secretary” in introductory provisions and in par. (4)

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 110–289, § 1130(e)(3)(E), substituted “Director” for “Secretary” in introductory provisions and in par. (4).

    Enacted provision · exact public law section
    (E) section 1348 (12 U.S.C. 4588).

  3. Federal Housing Finance Regulatory Reform Act of 2008

    Pub. L. 110–289 § 1130(e)(3)(E) · 122 Stat. 2654

    Substituted · 12 U.S.C. § 4588(c)

    Pub. L. 110–289, § 1130(e)(3)(E), substituted “Director” for “Secretary”

    Source evidence

    Code amendment note
    Subsec. (c). Pub. L. 110–289, § 1130(e)(3)(E), substituted “Director” for “Secretary”.

    Enacted provision · exact public law section
    (E) section 1348 (12 U.S.C. 4588).

  4. Federal Housing Finance Regulatory Reform Act of 2008

    Pub. L. 110–289 § 1130(e)(2) · 122 Stat. 2654

    Inserted · 12 U.S.C. § 4588(c)

    Pub. L. 110–289, § 1130(e)(2), inserted “may bring an action or” before “may request”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 110–289, § 1130(e)(2), inserted “may bring an action or” before “may request”.

    Enacted provision · exact public law section
    (2) Subpoena enforcement.— Section 1348(c) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4588(c)) is amended by inserting “may bring an action or” before “may request”.

4 of 4 references resolved to an enrolled provision

Editorial Notes

Amendments

2008—Subsec. (a). Pub. L. 110–289, § 1130(e)(3)(E), substituted “Director” for “Secretary” in introductory provisions and in par. (4).

Subsec. (c). Pub. L. 110–289, § 1130(e)(3)(E), substituted “Director” for “Secretary”.

Pub. L. 110–289, § 1130(e)(2), inserted “may bring an action or” before “may request”.

Credits

1992–2008 · 2 acts
  1. 1992Pub. L. 102–550, title XIII, § 1348, , 106 Stat. 3968
  2. 2008Pub. L. 110–289, div. A, title I, § 1130(e)(2), (3)(E), , 122 Stat. 2711.
Show as published

(Pub. L. 102–550, title XIII, § 1348, , 106 Stat. 3968; Pub. L. 110–289, div. A, title I, § 1130(e)(2), (3)(E), , 122 Stat. 2711.)

Parsed from the official OLRC USLM XML in data/usc_all/usc12.xml · release point 119-108 · OLRC build 2026-07-23

USLM identifier /us/usc/t12/s4588