3593 
additional information under the statutes amended by this 
title, beyond information that was collected or made pub-
licly available under such statutes before the date of the 
enactment of this Act. 
TITLE VI—FEDERAL RESERVE 
SYSTEM 
SEC. 601. DATA STANDARDS REQUIREMENTS FOR THE 
BOARD OF GOVERNORS OF THE FEDERAL RE-
SERVE SYSTEM. 
(a) DATA STANDARDS FOR INFORMATION FILED OR 
SUBMITTED BY NONBANK FINANCIAL COMPANIES.—Sec-
tion 161(a) of the Financial Stability Act of 2010 (12 
U.S.C. 5361(a)) is amended by adding at the end the fol-
lowing: 
‘‘(4) DATA STANDARDS FOR REPORTS UNDER 
THIS SUBSECTION.— 
‘‘(A) IN
GENERAL.—The Board of Gov-
ernors shall adopt data standards for all finan-
cial data that is regularly filed with or sub-
mitted to the Board of Governors by any 
nonbank financial company supervised by the 
Board of Governors pursuant to this subsection. 
‘‘(B) CHARACTERISTICS.—The data stand-
ards required by this section shall, to the extent 
practicable—
3594 
‘‘(i) render data fully searchable and 
machine-readable (as defined under section 
3502 of title 44, United States Code); 
‘‘(ii) enable high quality data through 
schemas, with accompanying metadata (as 
defined under section 3502 of title 44, 
United States Code) documented in ma-
chine-readable taxonomy or ontology mod-
els, which clearly define the data’s seman-
tic meaning as defined by the underlying 
regulatory information collection require-
ments; 
‘‘(iii) assure that a data element or 
data asset that exists to satisfy an under-
lying regulatory information collection re-
quirement be consistently identified as 
such 
in 
associated 
machine-readable 
metadata; 
‘‘(iv) be nonproprietary or made avail-
able under an open license (as defined 
under section 3502 of title 44, United 
States Code); 
‘‘(v) incorporate standards developed 
and maintained by voluntary consensus 
standards bodies; and
3595 
‘‘(vi) use, be consistent with, and im-
plement applicable accounting and report-
ing principles. 
‘‘(C) INCORPORATION OF STANDARDS.—In 
adopting data standards by rule under this 
paragraph, the Board of Governors shall incor-
porate all applicable data standards promul-
gated by the Secretary of the Treasury.’’. 
(b) DATA STANDARDS FOR INFORMATION FILED OR 
SUBMITTED BY SAVINGS AND LOAN HOLDING COMPA-
NIES.—Section 10 of the Home Owners’ Loan Act (12 
U.S.C. 1467a) is amended by adding at the end the fol-
lowing: 
‘‘(u) DATA STANDARDS.— 
‘‘(1) REQUIREMENT.—The Board shall adopt 
data standards for all information that is regularly 
filed with or submitted to the Board by any savings 
and loan holding company, or subsidiary of a savings 
and loan holding company, other than a depository 
institution, under this section. 
‘‘(2) CHARACTERISTICS.—The data standards 
required by this subsection shall, to the extent prac-
ticable—
3596 
‘‘(A) render data fully searchable and ma-
chine-readable (as defined under section 3502 
of title 44, United States Code); 
‘‘(B) enable high quality data through 
schemas, with accompanying metadata (as de-
fined under section 3502 of title 44, United 
States Code) documented in machine-readable 
taxonomy or ontology models, which clearly de-
fine the data’s semantic meaning as defined by 
the underlying regulatory information collection 
requirements; 
‘‘(C) assure that a data element or data 
asset that exists to satisfy an underlying regu-
latory information collection requirement be 
consistently identified as such in associated ma-
chine-readable metadata; 
‘‘(D) be nonproprietary or made available 
under an open license (as defined under section 
3502 of title 44, United States Code); 
‘‘(E) incorporate standards developed and 
maintained by voluntary consensus standards 
bodies; and 
‘‘(F) use, be consistent with, and imple-
ment applicable accounting and reporting prin-
ciples.
3597 
‘‘(3) 
INCORPORATION
OF
STANDARDS.—In 
adopting data standards by rule under this section, 
the Board of Governors shall incorporate all applica-
ble data standards promulgated by the Secretary of 
the Treasury.’’. 
(c) DATA STANDARDS FOR INFORMATION FILED OR 
SUBMITTED BY BANK HOLDING COMPANIES.—Section 5 
of the Bank Holding Company Act of 1956 (12 U.S.C. 
1844) is amended by adding at the end the following: 
‘‘(h) DATA STANDARDS.— 
‘‘(1) REQUIREMENT.—The Board shall adopt 
data standards for all information that is regularly 
filed with or submitted to the Board by any bank 
holding company in a report under subsection (c). 
‘‘(2) CHARACTERISTICS.—The data standards 
required by this subsection shall, to the extent prac-
ticable— 
‘‘(A) render data fully searchable and ma-
chine-readable (as defined under section 3502 
of title 44, United States Code); 
‘‘(B) enable high quality data through 
schemas, with accompanying metadata (as de-
fined under section 3502 of title 44, United 
States Code) documented in machine-readable 
taxonomy or ontology models, which clearly de-
3598 
fine the data’s semantic meaning as defined by 
the underlying regulatory information collection 
requirements; 
‘‘(C) assure that a data element or data 
asset that exists to satisfy an underlying regu-
latory information collection requirement be 
consistently identified as such in associated ma-
chine-readable metadata; 
‘‘(D) be nonproprietary or made available 
under an open license (as defined under section 
3502 of title 44, United States Code); 
‘‘(E) incorporate standards developed and 
maintained by voluntary consensus standards 
bodies; and 
‘‘(F) use, be consistent with, and imple-
ment applicable accounting and reporting prin-
ciples. 
‘‘(3) 
INCORPORATION
OF
STANDARDS.—In 
adopting data standards under this subsection, the 
Board shall incorporate all applicable data standards 
promulgated by the Secretary of the Treasury.’’. 
(d) DATA STANDARDS
FOR INFORMATION SUB-
MITTED BY FINANCIAL MARKET UTILITIES OR INSTITU-
TIONS UNDER THE PAYMENT, CLEARING, AND SETTLE-
MENT SUPERVISION ACT OF 2010.—Section 809 of the
3599 
Payment, Clearing, and Settlement Supervision Act of 
2010 (12 U.S.C. 5468) is amended by adding at the end 
the following: 
‘‘(h) DATA STANDARDS.— 
‘‘(1) REQUIREMENT.—The Board of Governors 
shall adopt data standards for all information that 
is regularly filed with or submitted to the Board by 
any financial market utility or financial institution 
under subsection (a) or (b). 
‘‘(2) CHARACTERISTICS.—The data standards 
required by this subsection shall, to the extent prac-
ticable— 
‘‘(A) render data fully searchable and ma-
chine-readable (as defined under section 3502 
of title 44, United States Code); 
‘‘(B) enable high quality data through 
schemas, with accompanying metadata (as de-
fined under section 3502 of title 44, United 
States Code) documented in machine-readable 
taxonomy or ontology models, which clearly de-
fine the data’s semantic meaning as defined by 
the underlying regulatory information collection 
requirements; 
‘‘(C) assure that a data element or data 
asset that exists to satisfy an underlying regu-
3600 
latory information collection requirement be 
consistently identified as such in associated ma-
chine-readable metadata; 
‘‘(D) be nonproprietary or made available 
under an open license (as defined under section 
3502 of title 44, United States Code); 
‘‘(E) incorporate standards developed and 
maintained by voluntary consensus standards 
bodies; and 
‘‘(F) use, be consistent with, and imple-
ment applicable accounting and reporting prin-
ciples. 
‘‘(3) 
INCORPORATION
OF
STANDARDS.—In 
adopting data standards under this subsection, the 
Board of Governors shall incorporate all applicable 
data standards promulgated by the Secretary of the 
Treasury.’’. 
SEC. 602. OPEN DATA PUBLICATION BY THE BOARD OF 
GOVERNORS OF THE FEDERAL RESERVE SYS-
TEM. 
The Federal Reserve Act (12 U.S.C. 226 et seq.) is 
amended by adding at the end the following:
3601 
‘‘SEC. 32. OPEN DATA PUBLICATION BY THE BOARD OF 
GOVERNORS. 
‘‘All public information published by the Board of 
Governors under this Act, the Bank Holding Company Act 
of 1956, the Financial Stability Act of 2010, the Home 
Owners’ Loan Act, the Payment, Clearing, and Settlement 
Supervision Act of 2010, or the Enhancing Financial In-
stitution Safety and Soundness Act of 2010 shall be made 
available as an open Government data asset (as defined 
under section 3502 of title 44, United States Code), freely 
available for download in bulk and rendered in a human- 
readable format and accessible via application program-
ming interface where appropriate.’’. 
SEC. 603. RULEMAKING. 
(a) IN GENERAL.—Not later than the end of the 2- 
year period beginning on the date the final rule is promul-
gated pursuant to section 124(a) of the Financial Stability 
Act of 2010, the Board of Governors of the Federal Re-
serve System shall issue the regulations required under 
the amendments made by this title. 
(b) SCALING OF REGULATORY REQUIREMENTS.—In 
issuing the regulations required under the amendments 
made by this title, the Board of Governors of the Federal 
Reserve System may scale data reporting requirements in 
order to reduce any unjustified burden on smaller regu-
lated entities.
3602 
(c) MINIMIZING DISRUPTION.—In issuing the regula-
tions required under the amendments made by this title, 
the Board of Governors of the Federal Reserve System 
shall seek to minimize disruptive changes to the persons 
affected by such regulations. 
SEC. 604. NO NEW DISCLOSURE REQUIREMENTS. 
Nothing in this title or the amendments made by this 
title shall be construed to require the Board of Governors 
of the Federal Reserve System to collect or make publicly 
available additional information under the statutes amend-
ed by this title, beyond information that was collected or 
made publicly available under such statutes before the 
date of the enactment of this Act. 
TITLE VII—NATIONAL CREDIT 
UNION ADMINISTRATION 
SEC. 701. DATA STANDARDS. 
Title I of the Federal Credit Union Act (12 U.S.C. 
1752 et seq.) is amended by adding at the end the fol-
lowing: 
‘‘SEC. 132. DATA STANDARDS. 
‘‘(a) REQUIREMENT.—The Board shall, by rule, 
adopt data standards for all information and reports regu-
larly filed with or submitted to the Administration under 
this Act.
3603 
‘‘(b) CHARACTERISTICS.—The data standards re-
quired by subsection (a) shall, to the extent practicable— 
‘‘(1) render data fully searchable and machine- 
readable (as defined under section 3502 of title 44, 
United States Code); 
‘‘(2) enable high quality data through schemas, 
with accompanying metadata (as defined under sec-
tion 3502 of title 44, United States Code) docu-
mented in machine-readable taxonomy or ontology 
models, which clearly define the data’s semantic 
meaning as defined by the underlying regulatory in-
formation collection requirements; 
‘‘(3) assure that a data element or data asset 
that exists to satisfy an underlying regulatory infor-
mation collection requirement be consistently identi-
fied 
as 
such 
in 
associated 
machine-readable 
metadata; 
‘‘(4) be nonproprietary or made available under 
an open license (as defined under section 3502 of 
title 44, United States Code); 
‘‘(5) incorporate standards developed and main-
tained by voluntary consensus standards bodies; and 
‘‘(6) use, be consistent with, and implement ap-
plicable accounting and reporting principles.
3604 
‘‘(c) INCORPORATION OF STANDARDS.—In adopting 
data standards by rule under this section, the Board shall 
incorporate all applicable data standards promulgated by 
the Secretary of the Treasury.’’. 
SEC. 702. OPEN DATA PUBLICATION BY THE NATIONAL 
CREDIT UNION ADMINISTRATION. 
Title I of the Federal Credit Union Act (12 U.S.C. 
1752 et seq.), as amended by section 801, is further 
amended by adding at the end the following: 
‘‘SEC. 133. OPEN DATA PUBLICATION. 
‘‘All public information published by the Administra-
tion under this title shall be made available as an open 
Government data asset (as defined under section 3502 of 
title 44, United States Code), freely available for download 
in bulk and rendered in a human-readable format and ac-
cessible via application programming interface where ap-
propriate.’’. 
SEC. 703. RULEMAKING. 
(a) IN GENERAL.—Not later than the end of the 2- 
year period beginning on the date the final rule is promul-
gated pursuant to section 124(a) of the Financial Stability 
Act of 2010, the National Credit Union Administration 
Board shall issue the regulations required under the 
amendments made by this title.
3605 
(b) SCALING OF REGULATORY REQUIREMENTS.—In 
issuing the regulations required under the amendments 
made by this title, the National Credit Union Administra-
tion Board may scale data reporting requirements in order 
to reduce any unjustified burden on smaller regulated en-
tities. 
(c) MINIMIZING DISRUPTION.—In issuing the regula-
tions required under the amendments made by this title, 
the National Credit Union Administration Board shall 
seek to minimize disruptive changes to the persons af-
fected by such regulations. 
SEC. 704. NO NEW DISCLOSURE REQUIREMENTS. 
Nothing in this title or the amendments made by this 
title shall be construed to require the National Credit 
Union Administration Board to collect or make publicly 
available additional information under the statutes amend-
ed by this title, beyond information that was collected or 
made publicly available under such statutes before the 
date of the enactment of this Act. 
TITLE VIII—FEDERAL HOUSING 
FINANCE AGENCY 
SEC. 801. DATA STANDARDS REQUIREMENTS FOR THE FED-
ERAL HOUSING FINANCE AGENCY. 
Part 1 of subtitle A of the Federal Housing Enter-
prises Financial Safety and Soundness Act of 1992 (12