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12 U.S.C. § 1960

Safe harbor with respect to keep open directives

United States · Title 12 — BANKS AND BANKING · Status: effective

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12 U.S.C. § 1960, Safe harbor with respect to keep open directives, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438111
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In this section, the term “financial institution” means an entity to which section 1953(b) of this title applies. With respect to a customer account or customer transaction of a financial institution, if a Federal law enforcement agency, after notifying FinCEN of the intent to submit a written request to the financial institution that the financial institution keep that account or transaction open (referred to in this section as a “keep open request”), or if a State, Tribal, or local law enforcement agency with the concurrence of FinCEN submits a keep open request— Nothing in this section may be construed— to extend the safe harbor described in subsection (b) to any actions taken by the financial institution— For the purposes of this section, any keep open request submitted under subsection (b) shall include a termination date after which that request shall no longer apply. Any Federal, State, Tribal, or local law enforcement agency that submits to a financial institution a keep open request shall, not later than 2 business days after the date on which the request is submitted to the financial institution—

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.