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Applicability of Trade Secrets Act to Intra-Governmental Exchange of Regulatory Information

Date of Issuance:

The disclosure to certain federal financial regulatory agencies of propriety information of the Office of Federal Housing Enterprise Oversight obtained from the finance institutions it regulates would be “authorized by law” within the meaning of the Trade Secrets Act and therefore would not violate that Act’s prohibitions against unauthorized agency disclosures of trade secrets or other confidential business information.

Updated July 9, 2014