One crime is outlined by the national bank regulator to comply with an executive order demanding federal agencies reduce “overcriminalization” of their rules, in a report issued Friday.
In compliance with Executive Order (EO) 14294, issued May 9, 2025 (and which requires agencies to issue their required reports one year later), the Office of the Comptroller of the Currency (OCC) cited the criminal penalties outlined in 12 CFR 4.37. The rule calls for the penalties for “any person who discloses or uses non-public OCC information except as authorized may be subject to penalties under 18 USA 641.”
The report notes that the rule requires fines or imprisonment of “not more than 10 years; not more than 1 year if the property does not exceed $1,000 in value.”
The report was issued one day before the deadline set by the EO.
The EO, titled “Fighting Overcriminalization in Federal Regulations,” asserts that the United States is “drastically overregulated.” The EO states that its purpose is to “ease the regulatory burden on everyday Americans and ensure no American is transformed into a criminal for violating a regulation they have no reason to know exists.”
Under the EO, the OCC and all other federal agencies are required to publish, at least annually, updates to its “fighting overcriminalization” report.
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