33 Sec. 321 TRUST INDENTURE ACT OF 1939
mission shall prescribe, or upon such later date as may be provided
in such rules and regulations.
(c) No provision of this title imposing any liability shall apply
to any act done or omitted in good faith in conformity with any
rule, regulation, or order of the Commission, notwithstanding that
such rule, regulation, or order may, after such act or omission, be
amended or rescinded or be determined by judicial or other author-
ity to be invalid for any reason.
HEARINGS BY COMMISSION
S
EC
. 320. ø77ttt¿ Hearings may be public and may be held be-
fore the Commission, any member or members thereof, or any offi-
cer or officers of the Commission designated by it, and appropriate
records thereof shall be kept.
SPECIAL POWERS OF THE COMMISSION
S
EC
. 321. ø77uuu¿ (a) For the purpose of any investigation or
any other proceeding which, in the opinion of the Commission, is
necessary and proper for the enforcement of this title, any member
of the Commission, or any officer thereof designated by it, is em-
powered to administer oaths and affirmations, subpena witnesses,
compel their attendance, take evidence, and require the production
of any books, papers, correspondence, memoranda, contracts, agree-
ments, or other records which the Commission deems relevant or
material to the inquiry. Such attendance of witnesses and the pro-
duction of any such books, papers, correspondence, memoranda,
contracts, agreements, or other records may be required from any
place in the United States or in any Territory at any designated
place of investigation or hearing. In addition, the Commission shall
have the powers with respect to investigations and hearings, and
with respect to the enforcement of, and offenses and violations
under, this title and rules and regulations and orders prescribed
under the authority thereof, provided in sections 20, 22(b), and
22(c) of the Securities Act of 1933.
(b) The Treasury Department, the Comptroller of the Currency,
the Board of Governors of the Federal Reserve System, the Federal
Reserve Banks, and the Federal Deposit Insurance Corporation are
hereby authorized, under such conditions as they may prescribe, to
make available to the Commission such reports, records, or other
information as they may have available with respect to trustees or
prospective trustees under indentures qualified or to be qualified
under this title, and to make through their examiners or other em-
ployees for the use of the Commission, examinations of such trust-
ees or prospective trustees. Every such trustee or prospective trust-
ee shall, as a condition precedent to qualification of such indenture,
consent that reports of examinations by Federal, State, Territorial,
or District authorities may be furnished by such authorities to the
Commission upon request therefor.
Notwithstanding any provision of this title, no report, record,
or other information made available to the Commission under this
subsection, no report of an examination made under this subsection
for the use of the Commission, no report of an examination made
of any trustee or prospective trustee by any Federal, State, Terri-
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As Amended Through P.L. 117-103, Enacted March 15, 2022