§ 2404. — Powers of Commission.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC2404]
TITLE 12--BANKS AND BANKING
CHAPTER 25--NATIONAL COMMISSION ON ELECTRONIC FUND TRANSFERS
Sec. 2404. Powers of Commission
(a) Hearings; administration of oaths
The Commission may for the purpose of carrying out this chapter hold
such hearings, sit and act at such times and places, take such
testimony, and receive such evidence, as the Commission may deem
advisable. The Commission may administer oaths of \1\ affirmations to
witnesses appearing before it.
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\1\ So in original. Probably should be ``or''.
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(b) Implementation authority of members or agents of Commission
When so authorized by the Commission, any member or agent of the
Commission may take any action which the Commission is authorized to
take by this section.
(c) Request for information from other Federal departments or agencies
The Commission may secure directly from any department or agency of
the United States information necessary to enable it to carry out this
chapter. Upon request of the Chairperson of the Commission, the head of
such department or agency shall furnish such information to the
Commission.
(d) Issuance of subpenas for attendance of witnesses and production of
evidence; refusal to obey; contempt proceedings; manner of
service of subpenas; service of process
(1) The Commission shall have power to issue subpenas requiring the
attendance and testimony of witnesses and the production of any evidence
that relates to any matter under investigation by the Commission. Such
attendance of witnesses and the production of such evidence may be
required from any place within the United States at any designated place
of hearing within the United States.
(2) If a person issued a subpena under paragraph (1) refuses to obey
such subpena or is guilty of contumacy, any court of the United States
within the judicial district within which the hearing is conducted or
within the judicial district within which such person is found or
resides or transacts business may (upon application by the Commission)
order such person to appear before the Commission to produce evidence or
to give testimony touching the matter under investigation. Any failure
to obey such order of the court may be punished by such court as a
contempt thereof.
(3) The subpenas of the Commission shall be served in the manner
provided for subpenas issued by a United States district court under the
Federal Rules of Civil Procedure for the United States district courts.
(4) All process of any court to which application may be made under
this section may be served in the judicial district wherein the person
required to be served resides or may be found.
(Pub. L. 93-495, title II, Sec. 204, Oct. 28, 1974, 88 Stat. 1509.)
References in Text
This chapter, referred to in subsecs. (a) and (c), was in the
original ``this Act'', meaning Pub. L. 93-495, which enacted this
chapter (Sec. 2401 et seq.). For complete classification of this Act to
the Code, see Tables.
