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 additional information under the stat-
utes amended by this title, beyond information that was 
collected under such statutes before the date of the enact-
ment of this Act. 
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 under this title. 
‘‘(b) CHARACTERISTICS.—The data standards re-
quired by subsection (a) shall, to the extent practicable— 
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‘‘(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. 
‘‘(c) INCORPORATION OF STANDARDS.—In adopting 
data standards by rule under this section, the Bureau 
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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 
under this title shall be made available as an open Govern-
ment 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 acces-
sible via application programming interface where appro-
priate.’’. 
(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 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 of the enactment of this 
Act, the Bureau of Consumer Financial Protection 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 Bureau of Consumer Financial Pro-
tection may scale data reporting requirements in order to 
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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 additional information 
under the statutes amended by this title, beyond informa-
tion that was collected 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: 
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‘‘(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 pursuant to this 
subsection. 
‘‘(B) CHARACTERISTICS.—The data stand-
ards required by this section 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 
regulatory information collection require-
ments; 
‘‘(iii) assure that a data element or 
data asset that exists to satisfy an under-
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