3544 
Guard will collect information related to the identity 
of each alleged victim, alleged perpetrator, and wit-
ness through means designed to protect, to the ex-
tent practicable, the personal identifiable informa-
tion of such individuals. 
‘‘(d) REGULATIONS.—The requirements of this sec-
tion are effective as of the date of enactment of the Don 
Young Coast Guard Authorization Act of 2022. The Sec-
retary may issue additional regulations to implement the 
requirements of this section.’’. 
SEC. 611. CIVIL ACTIONS FOR PERSONAL INJURY OR 
DEATH OF SEAMEN. 
(a) PERSONAL INJURY TO OR DEATH OF SEAMEN.— 
Section 30104(a) of title 46, United States Code, as so 
designated by section 505(a)(1), is amended by inserting 
‘‘, including an injury resulting from sexual assault or sex-
ual harassment,’’ after ‘‘in the course of employment’’. 
(b) TIME LIMIT ON BRINGING MARITIME ACTION.— 
Section 30106 of title 46, United States Code, is amend-
ed— 
(1) in the section heading by striking ‘‘for 
personal injury or death’’; 
(2) by striking ‘‘Except as otherwise’’ and in-
serting the following: 
‘‘(a) IN GENERAL.—Except as otherwise’’; and
3545 
(3) by adding at the end the following: 
‘‘(b) EXTENSION FOR SEXUAL OFFENSE.—A civil ac-
tion under subsection (a) arising out of a maritime tort 
for a claim of sexual harassment or sexual assault shall 
be brought not more than 5 years after the cause of action 
for a claim of sexual harassment or sexual assault arose.’’. 
(c) CLERICAL AMENDMENT.—The analysis for chap-
ter 301 of title 46, United States Code, is amended by 
striking the item related to section 30106 and inserting 
the following: 
‘‘30106. Time limit on bringing maritime action.’’. 
SEC. 612. ADMINISTRATION OF SEXUAL ASSAULT FORENSIC 
EXAMINATION KITS. 
(a) IN GENERAL.—Chapter 5 of title 14, United 
States Code, is amended by adding at the end the fol-
lowing: 
‘‘§ 564. Administration of sexual assault forensic ex-
amination kits 
‘‘(a) REQUIREMENT.—A Coast Guard vessel that em-
barks on a covered voyage shall be— 
‘‘(1) equipped with no less than 2 sexual as-
sault and forensic examination kits; and 
‘‘(2) staffed with at least 1 medical professional 
qualified and trained to administer such kits. 
‘‘(b) COVERED VOYAGE DEFINED.—In this section, 
the term ‘covered voyage’ means a prescheduled voyage
3546 
of a Coast Guard vessel that, at any point during such 
voyage— 
‘‘(1) would require the vessel to travel 5 con-
secutive days or longer at 20 knots per hour to 
reach a land-based or afloat medical facility; and 
‘‘(2) aeromedical evacuation will be unavailable 
during the travel period referenced in paragraph 
(1).’’. 
(b) CLERICAL AMENDMENT.—The table of sections 
for chapter 5 of title 14, United States Code, is amended 
by adding at the end the following: 
‘‘564. Administration of sexual assault forensic examination kits.’’. 
TITLE VII—TECHNICAL AND 
CONFORMING PROVISIONS 
SEC. 701. TECHNICAL CORRECTIONS. 
(a) Section 319(b) of title 14, United States Code, 
is amended by striking ‘‘section 331 of the FAA Mod-
ernization and Reform Act of 2012 (49 U.S.C. 40101 
note)’’ and inserting ‘‘section 44801 of title 49’’. 
(b) Section 1156(c) of title 14, United States Code, 
is amended by striking ‘‘section 331 of the FAA Mod-
ernization and Reform Act of 2012 (49 U.S.C. 40101 
note)’’ and inserting ‘‘section 44801 of title 49’’.
3547 
SEC. 702. TRANSPORTATION WORKER IDENTIFICATION 
CREDENTIAL TECHNICAL AMENDMENTS. 
(a) IN GENERAL.—Section 70105 of title 46, United 
States Code, is amended— 
(1) in the section heading by striking ‘‘secu-
rity cards’’ and inserting ‘‘worker identifica-
tion credentials’’; 
(2) by striking ‘‘transportation security card’’ 
each place it appears and inserting ‘‘transportation 
worker identification credential’’; 
(3) by striking ‘‘transportation security cards’’ 
each place it appears and inserting ‘‘transportation 
worker identification credentials’’; 
(4) by striking ‘‘card’’ each place it appears 
and inserting ‘‘credential’’ 
(5) in the heading for subsection (b) by striking 
‘‘CARDS’’ and inserting ‘‘CREDENTIALS’’; 
(6) in subsection (g), by striking ‘‘Assistant 
Secretary of Homeland Security for’’ and inserting 
‘‘Administrator of’’; 
(7) by striking subsection (i) and redesignating 
subsections (j) and (k) as subsections (i) and (j), re-
spectively; 
(8) by striking subsection (l) and redesignating 
subsections (m) through (q) as subsections (k) 
through (o), respectively;
3548 
(9) in subsection (j), as so redesignated— 
(A) in the subsection heading by striking 
‘‘SECURITY CARD’’ and inserting ‘‘WORKER 
IDENTIFICATION CREDENTIAL’’; and 
(B) in the heading for paragraph (2) by 
striking ‘‘SECURITY
CARDS’’ and inserting 
‘‘WORKER IDENTIFICATION CREDENTIAL’’; 
(10) in subsection (k)(1), as so redesignated, by 
striking ‘‘subsection (k)(3)’’ and inserting ‘‘sub-
section (j)(3)’’; and 
(11) in subsection (o), as so redesignated— 
(A) in the subsection heading by striking 
‘‘SECURITY CARD’’ and inserting ‘‘WORKER 
IDENTIFICATION CREDENTIAL’’; 
(B) in paragraph (1)— 
(i) by striking ‘‘subsection (k)(3)’’ and 
inserting ‘‘subsection (j)(3)’’; and 
(ii) by striking ‘‘This plan shall’’ and 
inserting ‘‘Such receipt and activation 
shall’’; and 
(C) in paragraph (2) by striking ‘‘on-site 
activation capability’’ and inserting ‘‘on-site re-
ceipt and activation of transportation worker 
identification credentials’’.
3549 
(b) CLERICAL AMENDMENT.—The analysis for chap-
ter 701 of title 46, United States Code, is amended by 
striking the item related to section 70105 and inserting 
the following: 
‘‘70105. Transportation worker identification credentials.’’. 
SEC. 703. REINSTATEMENT. 
(a) REINSTATEMENT.—The text of section 12(a) of 
the Act of June 21, 1940 (33 U.S.C. 522(a)), popularly 
known as the Truman-Hobbs Act, is— 
(1) reinstated as it appeared on the day before 
the date of enactment of section 8507(b) of the Wil-
liam M. (Mac) Thornberry National Defense Author-
ization Act for Fiscal Year 2021 (Public Law 116– 
283); and 
(2) redesignated as the sole text of section 12 
of the Act of June 21, 1940 (33 U.S.C. 522). 
(b) EFFECTIVE DATE.—The provision reinstated by 
subsection (a) shall be treated as if such section 8507(b) 
had never taken effect. 
(c) CONFORMING AMENDMENT.—The provision rein-
stated under subsection (a) is amended by striking ‘‘, ex-
cept to the extent provided in this section’’.
3550 
DIVISION H—FINANCIAL 
TRANSPARENCY 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Financial Transparency Act of 2022’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
DIVISION H—FINANCIAL TRANSPARENCY 
Sec. 1. Short title; table of contents. 
Sec. 2. Deeming. 
TITLE I—DEPARTMENT OF THE TREASURY 
Sec. 101. Data standards. 
Sec. 102. Open data publication by the Department of the Treasury. 
Sec. 103. Rulemaking. 
Sec. 104. No new disclosure requirements. 
Sec. 105. Report. 
TITLE II—SECURITIES AND EXCHANGE COMMISSION 
Sec. 201. Data standards requirements for the Securities and Exchange Com-
mission. 
Sec. 202. Open data publication by the Securities and Exchange Commission. 
Sec. 203. Data transparency at the Municipal Securities Rulemaking Board. 
Sec. 204. Data transparency at national securities associations. 
Sec. 205. Shorter-term burden reduction and disclosure simplification at the 
Securities and Exchange Commission; sunset. 
Sec. 206. No new disclosure requirements. 
TITLE III—FEDERAL DEPOSIT INSURANCE CORPORATION 
Sec. 301. Data standards requirements for the Federal Deposit Insurance Cor-
poration. 
Sec. 302. Open data publication by the Federal Deposit Insurance Corporation. 
Sec. 303. Rulemaking. 
Sec. 304. No new disclosure requirements. 
TITLE IV—OFFICE OF THE COMPTROLLER OF THE CURRENCY 
Sec. 401. Data standards and open data publication requirements for the Office 
of the Comptroller of the Currency. 
Sec. 402. Rulemaking. 
Sec. 403. No new disclosure requirements. 
TITLE V—BUREAU OF CONSUMER FINANCIAL PROTECTION
3551 
Sec. 501. Data standards and open data publication requirements for the Bu-
reau of Consumer Financial Protection. 
Sec. 502. Rulemaking. 
Sec. 503. No new disclosure requirements. 
TITLE VI—FEDERAL RESERVE SYSTEM 
Sec. 601. Data standards requirements for the Board of Governors of the Fed-
eral Reserve System. 
Sec. 602. Open data publication by the Board of Governors of the Federal Re-
serve System. 
Sec. 603. Rulemaking. 
Sec. 604. No new disclosure requirements. 
TITLE VII—NATIONAL CREDIT UNION ADMINISTRATION 
Sec. 701. Data standards. 
Sec. 702. Open data publication by the National Credit Union Administration. 
Sec. 703. Rulemaking. 
Sec. 704. No new disclosure requirements. 
TITLE VIII—FEDERAL HOUSING FINANCE AGENCY 
Sec. 801. Data standards requirements for the Federal Housing Finance Agen-
cy. 
Sec. 802. Open data publication by the Federal Housing Finance Agency. 
Sec. 803. Rulemaking. 
Sec. 804. No new disclosure requirements. 
TITLE IX—MISCELLANEOUS 
Sec. 901. Rules of construction. 
Sec. 902. Classified and protected information. 
Sec. 903. Discretionary surplus fund. 
SEC. 2. DEEMING. 
Any reference in this division to ‘‘this Act’’ shall be 
deemed a reference to ‘‘this division’’. 
TITLE I—DEPARTMENT OF THE 
TREASURY 
SEC. 101. DATA STANDARDS. 
(a) IN GENERAL.—Subtitle A of title I of the Finan-
cial Stability Act of 2010 (12 U.S.C. 5311 et seq.) is 
amended by adding at the end the following:
3553 
‘‘(2) DATA
STANDARD.—The data standards 
promulgated under subsection (a) shall, to the extent 
practicable— 
‘‘(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; 
‘‘(E) incorporate standards developed and 
maintained by voluntary consensus standards 
bodies; and
3554 
‘‘(F) use, be consistent with, and imple-
ment applicable accounting and reporting prin-
ciples. 
‘‘(3) CONSULTATION.—In promulgating data 
standards under subsection (a), the Secretary of the 
Treasury shall consult with the member agencies 
and with other Federal departments and agencies 
and multi-agency initiatives responsible for Federal 
data standards. 
‘‘(4) INTEROPERABILITY OF DATA.—In promul-
gating data standards under subsection (a), the Sec-
retary of the Treasury shall seek to promote inter-
operability of financial regulatory data across mem-
bers of the Council. 
‘‘(d) MEMBER AGENCIES DEFINED.—In this section, 
the term ‘member agencies’ does not include the Com-
modity Futures Trading Commission.’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
under section 1(b) of the Dodd-Frank Wall Street Reform 
and Consumer Protection Act is amended by inserting 
after the item relating to section 123 the following: 
‘‘Sec. 124. Data standards.’’.
3555 
SEC. 102. OPEN DATA PUBLICATION BY THE DEPARTMENT 
OF THE TREASURY. 
Section 124 of the Financial Stability Act of 2010, 
as added by section 101, is amended by adding at the end 
the following: 
‘‘(e) OPEN DATA PUBLICATION.—All public informa-
tion published by the Secretary of the Treasury under this 
subtitle 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 programming interface where appro-
priate.’’. 
SEC. 103. RULEMAKING. 
Not later than the end of the 2-year period beginning 
on the date of the enactment of this Act, the Secretary 
of the Treasury shall issue the regulations required under 
the amendments made by this title. The Secretary may 
delegate the functions required under the amendments 
made by this title to an appropriate office within the De-
partment of the Treasury. 
SEC. 104. NO NEW DISCLOSURE REQUIREMENTS. 
Nothing in this title or the amendments made by this 
title shall be construed to require the Secretary of the 
Treasury to collect or make publicly available additional 
information under the statutes amended by this title, be-
3556 
yond information that was collected or made publicly avail-
able under such statutes before the date of the enactment 
of this Act. 
SEC. 105. REPORT. 
Not later than 1 year after the end of the 2-year pe-
riod described in section 103, the Comptroller General of 
the United States shall submit to Congress a report on 
the feasibility, costs, and potential benefits of building 
upon the taxonomy established by this Act to arrive at 
a Federal Government-wide regulatory compliance stand-
ardization mechanism similar to Standard Business Re-
porting. 
TITLE II—SECURITIES AND 
EXCHANGE COMMISSION 
SEC. 201. DATA STANDARDS REQUIREMENTS FOR THE SE-
CURITIES AND EXCHANGE COMMISSION. 
(a) DATA STANDARDS FOR INVESTMENT ADVISERS’ 
REPORTS UNDER THE INVESTMENT ADVISERS ACT OF 
1940.—Section 204 of the Investment Advisers Act of 
1940 (15 U.S.C. 80b–4) is amended— 
(1) by redesignating the second subsection (d) 
(relating to Records of Persons With Custody of 
Use) as subsection (e); and 
(2) by adding at the end the following:
3557 
‘‘(f) DATA STANDARDS FOR REPORTS FILED UNDER 
THIS SECTION.— 
‘‘(1) REQUIREMENT.—The Commission shall, 
by rule, adopt data standards for all reports filed by 
investment advisers with the Commission under this 
section. 
‘‘(2) CHARACTERISTICS.—The data standards 
required by paragraph (1) 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-
latory information collection requirement be 
consistently identified as such in associated ma-
chine-readable metadata;
3558 
‘‘(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 by rule under this sub-
section, the Commission shall incorporate all applica-
ble data standards promulgated by the Secretary of 
the Treasury.’’. 
(b) DATA STANDARDS FOR REGISTRATION STATE-
MENTS AND REPORTS UNDER THE INVESTMENT COM-
PANY ACT OF 1940.—The Investment Company Act of 
1940 (15 U.S.C. 80a–1 et seq.) is amended— 
(1) in section 8, by adding at the end the fol-
lowing: 
‘‘(g) DATA STANDARDS FOR REGISTRATION STATE-
MENTS.— 
‘‘(1) REQUIREMENT.—The Commission shall, 
by rule, adopt data standards for all registration 
statements required to be filed with the Commission
3559 
under this section, except that the Commission may 
exempt exhibits, signatures, and certifications from 
such data standards. 
‘‘(2) CHARACTERISTICS.—The data standards 
required by paragraph (1) 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-
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);
3560 
‘‘(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 by rule under this sub-
section, the Commission shall incorporate all applica-
ble data standards promulgated by the Secretary of 
the Treasury.’’; and 
(2) in section 30, by adding at the end the fol-
lowing: 
‘‘(k) DATA STANDARDS FOR REPORTS.— 
‘‘(1) REQUIREMENT.—The Commission shall, 
by rule, adopt data standards for all reports re-
quired to be filed with the Commission under this 
section, except that the Commission may exempt ex-
hibits, signatures, and certifications from such data 
standards. 
‘‘(2) CHARACTERISTICS.—The data standards 
required by paragraph (1) shall, to the extent prac-
ticable—
3561 
‘‘(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.
3562 
‘‘(3) 
INCORPORATION
OF
STANDARDS.—In 
adopting data standards by rule under this sub-
section, the Commission shall incorporate all applica-
ble data standards promulgated by the Secretary of 
the Treasury.’’. 
(c) DATA STANDARDS FOR INFORMATION REQUIRED 
TO BE SUBMITTED OR PUBLISHED BY NATIONALLY REC-
OGNIZED STATISTICAL RATING ORGANIZATIONS.—Section 
15E of the Securities Exchange Act of 1934 (15 U.S.C. 
78o–7) is amended by adding at the end the following: 
‘‘(w) DATA STANDARDS
FOR INFORMATION RE-
QUIRED TO BE SUBMITTED OR PUBLISHED UNDER THIS 
SECTION.— 
‘‘(1) REQUIREMENT.—The Commission shall, 
by rule, adopt data standards for all information re-
quired to be submitted or published by a nationally 
recognized statistical rating organization under this 
section. 
‘‘(2) CHARACTERISTICS.—The data standards 
required by paragraph (1) 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);
3563 
‘‘(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. 
‘‘(3) 
INCORPORATION
OF
STANDARDS.—In 
adopting data standards by rule under this sub-
section, the Commission shall incorporate all applica-
3564 
ble data standards promulgated by the Secretary of 
the Treasury.’’. 
(d) DATA STANDARDS FOR ASSET-BACKED SECURI-
TIES DISCLOSURES.—Section 7(c) of the Securities Act of 
1933 (15 U.S.C. 77g(c)) is amended by adding at the end 
the following: 
‘‘(3) DATA STANDARDS FOR ASSET-BACKED SE-
CURITIES DISCLOSURES.— 
‘‘(A) 
REQUIREMENT.—The 
Commission 
shall, by rule, adopt data standards for all dis-
closures required under this subsection. 
‘‘(B) CHARACTERISTICS.—The data stand-
ards required by subparagraph (A) shall, to the 
extent practicable— 
‘‘(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
3565 
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 
‘‘(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 Commission shall incorporate all 
applicable data standards promulgated by the 
Secretary of the Treasury.’’. 
(e) DATA STANDARDS
FOR CORPORATE DISCLO-
SURES UNDER THE SECURITIES ACT OF 1933.—Section
3566 
7 of the Securities Act of 1933 (15 U.S.C. 77g) is amend-
ed by adding at the end the following: 
‘‘(e) DATA STANDARDS.— 
‘‘(1) REQUIREMENT.—The Commission shall, 
by rule, adopt data standards for all registration 
statements and for all prospectuses included in reg-
istration statements required to be filed with the 
Commission under this title, except that the Com-
mission may exempt exhibits, signatures, and certifi-
cations from such data standards. 
‘‘(2) CHARACTERISTICS.—The data standards 
required by paragraph (1) 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;
3567 
‘‘(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 by rule under this sub-
section, the Commission shall incorporate all applica-
ble data standards promulgated by the Secretary of 
the Treasury.’’. 
(f) DATA STANDARDS FOR PERIODIC AND CURRENT 
CORPORATE DISCLOSURES UNDER THE SECURITIES EX-
CHANGE ACT OF 1934.—Section 13 of the Securities Ex-
change Act of 1934 (15 U.S.C. 78m) is amended by add-
ing at the end the following: 
‘‘(s) DATA STANDARDS.—
3568 
‘‘(1) REQUIREMENT.—The Commission shall, 
by rule, adopt data standards for all information 
contained in periodic and current reports required to 
be filed or furnished under this section or under sec-
tion 15(d), except that the Commission may exempt 
exhibits, signatures, and certifications from such 
data standards. 
‘‘(2) CHARACTERISTICS.—The data standards 
required by paragraph (1) 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-
latory information collection requirement be
3569 
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 by rule under this sub-
section, the Commission shall incorporate all applica-
ble data standards promulgated by the Secretary of 
the Treasury.’’. 
(g) DATA STANDARDS FOR CORPORATE PROXY AND 
CONSENT SOLICITATION MATERIALS UNDER THE SECU-
RITIES EXCHANGE ACT OF 1934.—Section 14 of the Se-
curities Exchange Act of 1934 (15 U.S.C. 78n) is amend-
ed by adding at the end the following: 
‘‘(k) DATA STANDARDS FOR PROXY AND CONSENT 
SOLICITATION MATERIALS.— 
‘‘(1) REQUIREMENT.—The Commission shall, 
by rule, adopt data standards for all information
3570 
contained in any proxy or consent solicitation mate-
rial prepared by an issuer for an annual meeting of 
the shareholders of the issuer, except that the Com-
mission may exempt exhibits, signatures, and certifi-
cations from such data standards. 
‘‘(2) CHARACTERISTICS.—The data standards 
required by paragraph (1) 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-
latory information collection requirement be 
consistently identified as such in associated ma-
chine-readable metadata;
3571 
‘‘(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 by rule under this sub-
section, the Commission shall incorporate all applica-
ble data standards promulgated by the Secretary of 
the Treasury.’’. 
(h) DATA STANDARDS FOR SECURITY-BASED SWAP 
REPORTING.—Section 15F of the Securities Exchange Act 
of 1934 (15 U.S.C. 78o–10) is amended by adding at the 
end the following: 
‘‘(m) DATA STANDARDS FOR SECURITY-BASED SWAP 
REPORTING.— 
‘‘(1) REQUIREMENT.—The Commission shall, 
by rule, adopt data standards for all reports related 
to security-based swaps that are required under this 
Act.
3572 
‘‘(2) CHARACTERISTICS.—The data standards 
required by paragraph (1) 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-
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
3573 
‘‘(F) use, be consistent with, and imple-
ment applicable accounting and reporting prin-
ciples. 
‘‘(3) 
INCORPORATION
OF
STANDARDS.—In 
adopting data standards by rule under this sub-
section, the Commission shall incorporate all applica-
ble data standards promulgated by the Secretary of 
the Treasury.’’. 
(i) RULEMAKING.— 
(1) IN GENERAL.—Not later than the end of 
the 2-year period beginning on the date the final 
rule is promulgated pursuant to section 124(a) of 
the Financial Stability Act of 2010, the Securities 
and Exchange Commission shall issue the regula-
tions required under the amendments made by this 
section. 
(2) 
SCALING
OF
REGULATORY
REQUIRE-
MENTS.—In issuing the regulations required under 
the amendments made by this section, the Securities 
and Exchange Commission may scale data reporting 
requirements in order to reduce any unjustified bur-
den on emerging growth companies, lending institu-
tions, accelerated filers, smaller reporting companies, 
and other smaller issuers, as determined by the
3574 
study required under section 205(c), while still pro-
viding searchable information to investors. 
(3) MINIMIZING DISRUPTION.—In issuing the 
regulations required under the amendments made by 
this section, the Securities and Exchange Commis-
sion shall seek to minimize disruptive changes to the 
persons affected by such regulations. 
SEC. 202. OPEN DATA PUBLICATION BY THE SECURITIES 
AND EXCHANGE COMMISSION. 
Section 4 of the Securities Exchange Act of 1934 (15 
U.S.C. 78d) is amended by adding at the end the fol-
lowing: 
‘‘(k) OPEN DATA PUBLICATION.—All public informa-
tion published by the Commission under the securities 
laws and the Dodd-Frank Wall Street Reform and Con-
sumer Protection Act 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.’’.
3575 
SEC. 203. DATA TRANSPARENCY AT THE MUNICIPAL SECU-
RITIES RULEMAKING BOARD. 
(a) IN GENERAL.—Section 15B(b) of the Securities 
Exchange Act of 1934 (15 U.S.C. 78o–4(b)) is amended 
by adding at the end the following: 
‘‘(8) DATA STANDARDS.— 
‘‘(A) REQUIREMENT.—If the Board establishes 
information systems under paragraph (3), the Board 
shall adopt data standards for information sub-
mitted via such systems. 
‘‘(B) CHARACTERISTICS.—The data standards 
required by subparagraph (A) shall, to the extent 
practicable— 
‘‘(i) render data fully searchable and ma-
chine-readable (as defined under section 3502 
of title 44, United States Code); 
‘‘(ii) 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; 
‘‘(iii) assure that a data element or data 
asset that exists to satisfy an underlying regu-
3576 
latory information collection requirement be 
consistently identified as such in associated ma-
chine-readable metadata; 
‘‘(iv) be nonproprietary or made available 
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 
‘‘(vi) use, be consistent with, and imple-
ment applicable accounting and reporting prin-
ciples. 
‘‘(C) 
INCORPORATION
OF
STANDARDS.—In 
adopting data standards under this paragraph, the 
Board shall incorporate all applicable data standards 
promulgated by the Secretary of the Treasury.’’. 
(b) RULEMAKING.— 
(1) IN GENERAL.—Not later than the end of 
the 2-year period beginning on the date the final 
rule is promulgated pursuant to section 124(a) of 
the Financial Stability Act of 2010, the Municipal 
Securities Rulemaking Board shall issue the regula-
tions required under the amendments made by this 
section.
3577 
(2) 
SCALING
OF
REGULATORY
REQUIRE-
MENTS.—In issuing the regulations required under 
the amendments made by this section, the Municipal 
Securities Rulemaking Board may scale data report-
ing requirements in order to reduce any unjustified 
burden on smaller regulated entities. 
(3) MINIMIZING DISRUPTION.—In issuing the 
regulations required under the amendments made by 
this section, the Municipal Securities Rulemaking 
Board shall seek to minimize disruptive changes to 
the persons affected by such regulations. 
SEC. 204. DATA TRANSPARENCY AT NATIONAL SECURITIES 
ASSOCIATIONS. 
(a) IN GENERAL.—Section 15A of the Securities Ex-
change Act of 1934 (15 U.S.C. 78o–3) is amended by add-
ing at the end the following: 
‘‘(n) DATA STANDARDS.— 
‘‘(1) REQUIREMENT.—A national securities as-
sociation registered pursuant to subsection (a) shall 
adopt data standards for all information that is reg-
ularly filed with or submitted to the association. 
‘‘(2) CHARACTERISTICS.—The data standards 
required by paragraph (1) shall, to the extent prac-
ticable—
3578 
‘‘(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.
3579 
‘‘(3) 
INCORPORATION
OF
STANDARDS.—In 
adopting data standards under this subsection, the 
association shall incorporate all applicable data 
standards promulgated by the Secretary of the 
Treasury.’’. 
(b) RULEMAKING.— 
(1) IN GENERAL.—Not later than the end of 
the 2-year period beginning on the date the final 
rule is promulgated pursuant to section 124(a) of 
the Financial Stability Act of 2010, a national secu-
rities association shall adopt the standards required 
under the amendments made by this section. 
(2) 
SCALING
OF
REGULATORY
REQUIRE-
MENTS.—In adopting the standards required under 
the amendments made by this section, a national se-
curities association may scale data reporting require-
ments in order to reduce any unjustified burden on 
smaller regulated entities. 
(3) MINIMIZING DISRUPTION.—In adopting the 
standards required under the amendments made by 
this section, a national securities association shall 
seek to minimize disruptive changes to the persons 
affected by such standards.
3580 
SEC. 205. SHORTER-TERM BURDEN REDUCTION AND DIS-
CLOSURE SIMPLIFICATION AT THE SECURI-
TIES AND EXCHANGE COMMISSION; SUNSET. 
(a) BETTER ENFORCEMENT OF THE QUALITY OF 
CORPORATE FINANCIAL DATA SUBMITTED TO THE SECU-
RITIES AND EXCHANGE COMMISSION.— 
(1) DATA QUALITY IMPROVEMENT PROGRAM.— 
Within six months after the date of the enactment 
of this Act, the Commission shall establish a pro-
gram to improve the quality of corporate financial 
data filed or furnished by issuers under the Securi-
ties Act of 1933, the Securities Exchange Act of 
1934, and the Investment Company Act of 1940. 
The program shall include the following: 
(A) The designation of an official in the 
Office of the Chairman responsible for the im-
provement of the quality of data filed with or 
furnished to the Commission by issuers. 
(B) The issuance by the Division of Cor-
poration Finance of comment letters requiring 
correction of errors in data filings and submis-
sions, where necessary. 
(2) GOALS.—In establishing the program under 
this section, the Commission shall seek to—
3581 
(A) improve the quality of data filed with 
or furnished to the Commission to a commer-
cially acceptable level; and 
(B) make data filed with or furnished to 
the Commission useful to investors. 
(b) REPORT ON THE USE OF MACHINE-READABLE 
DATA FOR CORPORATE DISCLOSURES.— 
(1) IN GENERAL.—Not later than six months 
after the date of the enactment of this Act, and 
every six months thereafter, the Commission shall 
issue a report to the Committee on Financial Serv-
ices of the House of Representatives and the Com-
mittee on Banking, Housing, and Urban Affairs of 
the Senate on the public and internal use of ma-
chine-readable data for corporate disclosures. 
(2) CONTENT.—Each report required under 
paragraph (1) shall include— 
(A) an identification of which corporate 
disclosures required under section 7 of the Se-
curities Act of 1933, section 13 of the Securi-
ties Exchange Act of 1934, or section 14 of the 
Securities Exchange Act of 1934 are expressed 
as machine-readable data and which are not; 
(B) an analysis of the costs and benefits of 
the use of machine-readable data in corporate
3582 
disclosure to investors, markets, the Commis-
sion, and issuers; 
(C) a summary of enforcement actions that 
result from the use or analysis of machine-read-
able data collected under section 7 of the Secu-
rities Act of 1933, section 13 of the Securities 
Exchange Act of 1934, or section 14 of the Se-
curities Exchange Act of 1934; and 
(D) an analysis of how the Commission is 
itself using the machine-readable data collected 
by the Commission. 
(c) SUNSET.—On and after the end of the 7-year pe-
riod beginning on the date of the enactment of this Act, 
this section shall have no force or effect. 
SEC. 206. NO NEW DISCLOSURE REQUIREMENTS. 
Nothing in this title or the amendments made by this 
title shall be construed to require the Securities and Ex-
change Commission, the Municipal Securities Rulemaking 
Board, or a national securities association to collect or 
make publicly available additional information under the 
statutes amended by this title, beyond information that 
was collected or made publicly available under such stat-
utes before the date of the enactment of this Act.
3583 
TITLE III—FEDERAL DEPOSIT 
INSURANCE CORPORATION 
SEC. 301. DATA STANDARDS REQUIREMENTS FOR THE FED-
ERAL DEPOSIT INSURANCE CORPORATION. 
The Federal Deposit Insurance Act (12 U.S.C. 1811 
et seq.) is amended by adding at the end the following: 
‘‘SEC. 52. DATA STANDARDS. 
‘‘(a) REQUIREMENT.—The Corporation shall, by rule, 
adopt data standards for all information that the Corpora-
tion receives from any depository institution or financial 
company under this Act or under title II of the Dodd- 
Frank Wall Street Reform and Consumer Protection Act. 
‘‘(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;
3584 
‘‘(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. 
‘‘(c) INCORPORATION OF STANDARDS.—In adopting 
data standards by rule under this section, the Corporation 
shall incorporate all applicable data standards promul-
gated by the Secretary of the Treasury. 
‘‘(d) FINANCIAL COMPANY DEFINED.—For purposes 
of this section, the term ‘financial company’ has the mean-
ing given that term under section 201(a) of the Dodd- 
Frank Wall Street Reform and Consumer Protection Act 
(12 U.S.C. 5381(a)).’’.
3585 
SEC. 302. OPEN DATA PUBLICATION BY THE FEDERAL DE-
POSIT INSURANCE CORPORATION. 
The Federal Deposit Insurance Act (12 U.S.C. 1811 
et seq.), as amended by section 301, is further amended 
by adding at the end the following: 
‘‘SEC. 53. OPEN DATA PUBLICATION. 
‘‘All public information published by the Corporation 
under this Act or under the Dodd-Frank Wall Street Re-
form and Consumer Protection Act shall be made available 
as an open Government data asset (as defined under sec-
tion 3502 of title 44, United States Code), freely available 
for download in bulk and rendered in a human-readable 
format and accessible via application programming inter-
face where appropriate.’’. 
SEC. 303. 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 Federal Deposit Insurance Corporation 
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 Federal Deposit Insurance Corpora-
tion may scale data reporting requirements in order to re-
duce any unjustified burden on smaller regulated entities.
3586 
(c) MINIMIZING DISRUPTION.—In issuing the regula-
tions required under the amendments made by this title, 
the Federal Deposit Insurance Corporation shall seek to 
minimize disruptive changes to the persons affected by 
such regulations. 
SEC. 304. NO NEW DISCLOSURE REQUIREMENTS. 
Nothing in this title or the amendments made by this 
title shall be construed to require the Federal Deposit In-
surance Corporation to collect or make publicly available 
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 
IV—OFFICE 
OF 
THE 
COMPTROLLER OF THE CUR-
RENCY 
SEC. 401. DATA STANDARDS AND OPEN DATA PUBLICATION 
REQUIREMENTS FOR THE OFFICE OF THE 
COMPTROLLER OF THE CURRENCY. 
The Revised Statutes of the United States is amend-
ed by inserting after section 332 (12 U.S.C. 14) the fol-
lowing: 
‘‘SEC. 333. DATA STANDARDS; OPEN DATA PUBLICATION. 
‘‘(a) DATA STANDARDS.—
3587 
‘‘(1) REQUIREMENT.—The Comptroller of the 
Currency shall, by rule, adopt data standards for all 
information that is regularly filed with or submitted 
to the Comptroller of the Currency by any entity 
with respect to which the Office of the Comptroller 
of the Currency is the appropriate Federal banking 
agency (as defined under section 3 of the Federal 
Deposit Insurance Act). 
‘‘(2) CHARACTERISTICS.—The data standards 
required by paragraph (1) 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-
latory information collection requirement be
3588 
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 by rule under this sub-
section, the Comptroller of the Currency shall incor-
porate all applicable data standards promulgated by 
the Secretary of the Treasury. 
‘‘(b) OPEN DATA PUBLICATION.—All public informa-
tion published by the Comptroller of the Currency under 
title LXII or the Dodd-Frank Wall Street Reform and 
Consumer Protection Act 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 for-
mat and accessible via application programming interface 
where appropriate.’’.
3589 
SEC. 402. 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 Comptroller of the Currency 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 Comptroller of the Currency may 
scale data reporting requirements in order to reduce any 
unjustified burden on smaller regulated entities. 
(c) MINIMIZING DISRUPTION.—In issuing the regula-
tions required under the amendments made by this title, 
the Comptroller of the Currency shall seek to minimize 
disruptive changes to the persons affected by such regula-
tions. 
SEC. 403. NO NEW DISCLOSURE REQUIREMENTS. 
Nothing in this title or the amendments made by this 
title shall be construed to require the Comptroller of the 
Currency to collect or make publicly available additional 
information under the statutes amended by this title, be-
yond information that was collected or made publicly avail-
able under such statutes before the date of the enactment 
of this Act.
3590 
TITLE 
V—BUREAU 
OF 
CON-
SUMER FINANCIAL PROTEC-
TION 
SEC. 501. DATA STANDARDS AND OPEN DATA PUBLICATION 
REQUIREMENTS FOR THE BUREAU OF CON-
SUMER FINANCIAL PROTECTION. 
(a) IN GENERAL.—The Consumer Financial Protec-
tion Act of 2010 (12 U.S.C. 5481 et seq.) is amended by 
inserting after section 1018 the following: 
‘‘SEC. 1019. DATA STANDARDS. 
‘‘(a) REQUIREMENT.—The Bureau shall, by rule, 
adopt data standards for all information that is regularly 
filed with or submitted to the Bureau. 
‘‘(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;
3591 
‘‘(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. 
‘‘(c) INCORPORATION OF STANDARDS.—In adopting 
data standards by rule under this section, the Bureau 
shall incorporate all applicable data standards promul-
gated by the Secretary of the Treasury. 
‘‘SEC. 1020. OPEN DATA PUBLICATION. 
‘‘All public information published by the Bureau 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 
programming interface where appropriate.’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
under section 1(b) of the Dodd-Frank Wall Street Reform
3592 
and Consumer Protection Act is amended by inserting 
after the item relating to section 1018 the following: 
‘‘Sec. 1019. Data standards. 
‘‘Sec. 1020. Open data publication.’’. 
SEC. 502. 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 Bureau of Consumer Financial Protec-
tion shall issue the regulations required under the amend-
ments made by this title. 
(b) SCALING OF REGULATORY REQUIREMENTS.—In 
issuing the regulations required under the amendments 
made by this title, the Bureau of Consumer Financial Pro-
tection may scale data reporting requirements in order to 
reduce any unjustified burden on smaller regulated enti-
ties. 
(c) MINIMIZING DISRUPTION.—In issuing the regula-
tions required under the amendments made by this title, 
the Bureau of Consumer Financial Protection shall seek 
to minimize disruptive changes to the persons affected by 
such regulations. 
SEC. 503. NO NEW DISCLOSURE REQUIREMENTS. 
Nothing in this title or the amendments made by this 
title shall be construed to require the Bureau of Consumer 
Financial Protection to collect or make publicly available
3684 
Siskiyou Wilderness, as designated by section 
101(a)(30) of the California Wilderness Act of 1984 
(16 U.S.C. 1132 note; 98 Stat. 1623) (as amended 
by section 3(5) of Public Law 109–362 (16 U.S.C. 
1132 note; 120 Stat. 2065)). 
(13) SOUTH FORK EEL RIVER WILDERNESS AD-
DITION.—Certain Federal land managed by the Bu-
reau of Land Management in the State, comprising 
approximately 603 acres, as generally depicted on 
the map entitled ‘‘South Fork Eel River Wilderness 
Additions—Proposed’’ and dated October 24, 2019, 
which is incorporated in, and considered to be a part 
of, the South Fork Eel River Wilderness, as des-
ignated by section 3(10) of Public Law 109–362 (16 
U.S.C. 1132 note; 120 Stat. 2066). 
(14) SOUTH
FORK
TRINITY
RIVER
WILDER-
NESS.—Certain Federal land managed by the Forest 
Service in the State, comprising approximately 
26,446 acres, as generally depicted on the map enti-
tled ‘‘South Fork Trinity River Wilderness and Po-
tential Wildernesses—Proposed’’ and dated March 
11, 2019, which shall be known as the South Fork 
Trinity River Wilderness. 
(15) TRINITY ALPS WILDERNESS ADDITION.— 
Certain Federal land managed by the Forest Service
3685 
in the State, comprising approximately 60,826 acres, 
as generally depicted on the maps entitled ‘‘Trinity 
Alps Proposed Wilderness Additions EAST’’ and 
‘‘Trinity 
Alps 
Proposed 
Wilderness 
Additions 
WEST’’ and dated January 15, 2020, which is in-
corporated in, and considered to be a part of, the 
Trinity Alps Wilderness, as designated by section 
101(a)(34) of the California Wilderness Act of 1984 
(16 U.S.C. 1132 note; 98 Stat. 1623) (as amended 
by section 3(7) of Public Law 109–362 (16 U.S.C. 
1132 note; 120 Stat. 2065)). 
(16) UNDERWOOD WILDERNESS.—Certain Fed-
eral land managed by the Forest Service in the 
State, comprising approximately 15,069 acres, as 
generally depicted on the map entitled ‘‘Underwood 
Wilderness—Proposed’’ and dated January 15, 
2020, which shall be known as the Underwood Wil-
derness. 
(17) YOLLA BOLLY-MIDDLE EEL WILDERNESS 
ADDITIONS.—Certain Federal land managed by the 
Forest Service and the Bureau of Land Management 
in the State, comprising approximately 10,729 acres, 
as generally depicted on the map entitled ‘‘Yolla 
Bolly Middle Eel Wilderness Additions and Potential 
Wildernesses—Proposed’’ and dated June 7, 2018,
3787 
(4) DIVERSION OR USE OF WATER.—Nothing in 
this subtitle or section 422 shall authorize or require 
the use of water or water rights in, or the diversion 
of water to, the Recreation Area or San Gabriel 
Mountains National Monument. 
(c) UTILITY FACILITIES AND RIGHTS OF WAY.— 
Nothing in this subtitle or section 422 shall— 
(1) affect the use, operation, maintenance, re-
pair, construction, destruction, reconfiguration, ex-
pansion, inspection, renewal, reconstruction, alter-
ation, addition, relocation, improvement, removal, or 
replacement of a utility facility or appurtenant right- 
of-way within or adjacent to the Recreation Area or 
San Gabriel Mountains National Monument; 
(2) affect access to a utility facility or right-of- 
way within or adjacent to the Recreation Area or 
San Gabriel Mountains National Monument; or 
(3) preclude the establishment of a new utility 
facility or right-of-way (including instream sites, 
routes, and areas) within the Recreation Area or 
San Gabriel Mountains National Monument if such 
a facility or right-of-way is necessary for public 
health and safety, electricity supply, or other utility 
services. 
(d) ROADS; PUBLIC TRANSIT.—