‘‘(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— 
‘‘(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; 
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‘‘(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 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). 
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‘‘(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-
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 
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‘‘(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 
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— 
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pamtmann on DSKBC07HB2PROD with BILLS
‘‘(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. 
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