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 information fully search-
able and machine-readable; 
‘‘(ii) be nonproprietary; 
‘‘(iii) incorporate standards developed 
and maintained by voluntary consensus 
standards bodies; and 
‘‘(iv) be consistent with and imple-
ment applicable accounting and reporting 
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 Office of Financial Research.’’. 
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(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— 
‘‘(A) render information fully searchable 
and machine-readable; 
‘‘(B) be nonproprietary; 
‘‘(C) incorporate standards developed and 
maintained by voluntary consensus standards 
bodies; and 
‘‘(D) be consistent with and implement ap-
plicable accounting and reporting principles. 
‘‘(3) 
INCORPORATION
OF
STANDARDS.—In 
adopting data standards by rule under this section, 
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the Board of Governors shall incorporate all applica-
ble data standards promulgated by the Office of Fi-
nancial Research.’’. 
(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 information fully searchable 
and machine-readable; 
‘‘(B) be nonproprietary; 
‘‘(C) incorporate standards developed and 
maintained by voluntary consensus standards 
bodies; and 
‘‘(D) be consistent with and implement ap-
plicable accounting and reporting principles. 
‘‘(3) 
INCORPORATION
OF
STANDARDS.—In 
adopting data standards under this subsection, the 
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Board shall incorporate all applicable data standards 
promulgated by the Office of Financial Research.’’. 
(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— 
‘‘(A) render information fully searchable 
and machine-readable; 
‘‘(B) be nonproprietary; 
‘‘(C) incorporate standards developed and 
maintained by voluntary consensus standards 
bodies; and 
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