Sunshine Act Meetings: Notice of Meeting Held With Less Than Seven Days' Advance Notice
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The Sunshine Act requires federal agencies to provide advance public notice of meetings to ensure transparency. This specific notice pertains to a meeting held by the Federal Deposit Insurance Corporation (FDIC) with less than seven days' advance notice, which is a deviation from the usual requirement. The meeting, accessible via webcast, addressed important regulatory matters, including proposed rulemaking related to payment stablecoin issuers and anti-money laundering programs.
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Key Changes
- Meeting held with less than seven days' notice
- Introduction of proposed rulemaking for GENIUS Act
- Discussion of final rule on reputation risk by regulators
Obligations
What this law requires
Provide advance public notice of meetings in accordance with the Government in the Sunshine Act (5 U.S.C. 552b), with a standard requirement of seven days' advance notice
Document and justify any instances when meetings are held with less than seven days' advance notice, indicating the reason for deviation from standard notice requirements
Provide webcast access or equivalent public observation capability for open session Board meetings to ensure transparency and public accessibility
Maintain and distribute minutes of Board of Directors' meetings and make them publicly available
Designate a contact person and provide contact information for the public to obtain further information regarding Board meetings and matters considered