‘‘(b) CHARACTERISTICS.—The data standards re-
quired by subsection (a) shall, to the extent practicable— 
‘‘(1) render information fully searchable and 
machine-readable; 
‘‘(2) be nonproprietary; 
‘‘(3) incorporate standards developed and main-
tained by voluntary consensus standards bodies; and 
‘‘(4) be consistent with and implement applica-
ble accounting and reporting principles. 
‘‘(c) INCORPORATION OF STANDARDS.—In adopting 
data standards by rule under this section, the Board shall 
incorporate all applicable data standards promulgated by 
the Office of Financial Research.’’. 
SEC. 802. 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 published as open data, freely 
available for download in bulk, accessible via application 
programming interface where appropriate, and offered 
without any registration requirement or reuse restric-
tion.’’. 
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SEC. 803. RULEMAKING. 
(a) IN GENERAL.—Not later than the end of the 2- 
year period beginning on the date of the enactment of this 
Act, the National Credit Union Administration Board 
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 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 Administration Board shall seek to 
minimize disruptive changes to the persons affected by 
such regulations. 
SEC. 804. 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 additional informa-
tion under the statutes amended by this title, beyond in-
formation that was collected under such statutes before 
the date of the enactment of this Act. 
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TITLE IX—FEDERAL HOUSING 
FINANCE AGENCY 
SEC. 901. 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 
U.S.C. 4501 et seq.) is amended by adding at the end 
the following: 
‘‘SEC. 1319H. DATA STANDARDS. 
‘‘(a) REQUIREMENT.—The Agency shall, by rule, 
adopt data standards for all information that is regularly 
filed with or submitted to the Agency under this Act. 
‘‘(b) CHARACTERISTICS.—The data standards re-
quired by subsection (a) shall, to the extent practicable— 
‘‘(1) render information fully searchable and 
machine-readable; 
‘‘(2) be nonproprietary; 
‘‘(3) incorporate standards developed and main-
tained by voluntary consensus standards bodies; and 
‘‘(4) be consistent with and implement applica-
ble accounting and reporting principles. 
‘‘(c) INCORPORATION OF STANDARDS.—In adopting 
data standards by rule under this section, the Agency shall 
incorporate all applicable data standards promulgated by 
the Office of Financial Research.’’. 
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SEC. 902. OPEN DATA PUBLICATION BY THE FEDERAL 
HOUSING FINANCE AGENCY. 
Part 1 of subtitle A of the Federal Housing Enter-
prises Financial Safety and Soundness Act of 1992 (12 
U.S.C. 4501 et seq.), as amended by section 901, is fur-
ther amended by adding at the end the following: 
‘‘SEC. 1319I. OPEN DATA PUBLICATION. 
‘‘All public information published by the Agency 
under this Act shall be published as open data, freely 
available for download in bulk, accessible via application 
programming interface where appropriate, and offered 
without any registration requirement or reuse restric-
tion.’’. 
SEC. 903. RULEMAKING. 
(a) IN GENERAL.—Not later than the end of the 2- 
year period beginning on the date of the enactment of this 
Act, the Federal Housing Finance Agency shall issue the 
regulations required under the amendments made by this 
title. 
(b) MINIMIZING DISRUPTION.—In issuing the regula-
tions required under the amendments made by this title, 
the Federal Housing Finance Agency shall seek to mini-
mize disruptive changes to the persons affected by such 
regulations. 
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SEC. 904. NO NEW DISCLOSURE REQUIREMENTS. 
Nothing in this title or the amendments made by this 
title shall be construed to require the Federal Housing Fi-
nance Agency to collect additional information under the 
statutes amended by this title, beyond information that 
was collected under such statutes before the date of the 
enactment of this Act. 
Æ 
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