,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #dhaa  ,,in ,,the ,,house ,,of  
,,representatives  ,june #i1 #bjad ,mr4 
,stutzman introduced the following bill2
 which was referred to the ,committee on
 ,financial ,services  ,a ,,bill  ,to   
provide for a notice and comment period 
before the ,bureau of ,consumer         
,financial ,protection issues guidance1 
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,bureau ,guidance ,transparency ,act4   
#b4 ,standards for issuing guidance     
,section #ajbb7;b7 of the ,consumer     
,financial ,protection ,act of #bjaj    
7#ab ,u4,s4,c4 #eeab7;b77 is amended by 
adding at the end the following3  7#e7  
,standards for issuing guidance ,in     
issuing any guidance1 the ,bureau       
shall--  7,a7 provide for a public      
notice and comment period before issuing
 the guidance in final form2  7,b7 when 
issuing guidance in final form1 make    
available to the public1 including on   
the website of the ,bureau1 all studies1

 data1 methodologies1 analyses1 and     
other information relied on by the      
,bureau in preparing and issuing such   
guidance2 and  7,c7 redact any          
information that is exempt from         
disclosure under paragraphs 7#c71 7#d71 
7#f71 7#g71 or 7#h7 of section #eeb7;b7 
of title #e1 ,united ,states ,code4  4  
#c4 ,ensuring transparency and public   
participation for fair guidance  7a7    
,bulletin #bjac-jb ,bulletin #bjac-jb of
 the ,bureau of ,consumer ,financial    
,protection 7published ,march #ba1      
#bjac7 shall have no force or effect4   
7b7 ,rule of construction ,this section 
shall not be construed as prohibiting   
the ,bureau of ,consumer ,financial     
,protection from issuing guidance on the
 same topic as ,bulletin #bjac-jb1 so   
long as such guidance is issued in      
compliance with section #ajbb7;b77#e7 of
 the ,consumer ,financial ,protection   
,act of #bjaj4