,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #bdgg  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,may #bj1 #bjae ,mr4  
,issa 7= himself1 ,mr4 ,mc,henry1 ,mr4  
,hultgr51 ,mr4 ,blum1 ,mr4 ,s*weik]t1   
,mr4 ,abraham1 ,mr4 ,polis1 ,mr4        
,quigley1 ,mrs4 ,c>olyn ,b4 ,maloney (  
,new ,york1 ,mr4 ,ellison1 ,mr4         
,delaney1 & ,mr4 ,royce7 introduc$ !    
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,f9ancial ,s]vices1 & 9   
addition to ! ,committee on             
,agriculture1 = a p]iod to be           
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to am5d securities1
 commodities1 & bank+ laws to make !    
in=mation report$ to f9ancial regulatory
 ag5cies electronically se>*able1 & =   
o!r purposes4  #a4 ,%ort title2 table ( 
cont5ts  7a7 ,%ort title ,?is ,act may  
be cit$ z ! ,f9ancial ,transp>5cy ,act (
 #bjae4  7b7 ,table ( cont5ts ,! table (
 cont5ts = ?is ,act is z foll[s3  ,sec4 

#a4 ,%ort title2 table ( cont5ts4 ,title
 ,i--,(fice ( ,f9ancial ,rese>* ,sec4   
#aja4 ,au?ority to promulgate data /&>ds
 = use by memb] ag5cies4 ,sec4 #ajb4    
,specific data /&>ds & *>act]i/ics4     
,sec4 #ajc4 ,op5 data publication by !  
,(fice ( ,f9ancial ,rese>*4 ,sec4 #ajd4 
,rulemak+4 ,sec4 #aje4 ,classifi$ &     
protect$ in=mation4 ,sec4 #ajf4 ,no new 
disclosure requirem5ts4 ,title          
,,ii--,securities & ,ex*ange ,commission
 ,sec4 #bja4 ,data /&>ds requirem5ts = !
 ,securities & ,ex*ange ,commission4    
,sec4 #bjb4 ,op5 data publication by !  
,securities & ,ex*ange ,commission4     
,sec4 #bjc4 ,data transp>5cy at !       
,municipal ,securities ,rulemak+ ,bo>d4 
,sec4 #bjd4 ,data transp>5cy at national
 securities associations4 ,sec4 #bje4   
,%ort]-t]m burd5 r$uction & disclosure  
simplification at ! ,securities &       
,ex*ange ,commission2 sunset4 ,sec4     
#bjf4 ,no new disclosure requirem5ts4   
,title ,,iii--,f$]al ,deposit ,insurance
 ,corporation ,sec4 #cja4 ,data /&>ds   

requirem5ts = ! ,f$]al ,deposit         
,insurance ,corporation4 ,sec4 #cjb4    
,op5 data publication by ! ,f$]al       
,deposit ,insurance ,corporation4 ,sec4 
#cjc4 ,rulemak+4 ,sec4 #cjd4 ,no new    
disclosure requirem5ts4 ,title          
,,iv--,(fice ( ! ,comptroll] ( !        
,curr5cy ,sec4 #dja4 ,data /&>ds & op5  
data publication requirem5ts = ! ,(fice 
( ! ,comptroll] ( ! ,curr5cy4 ,sec4     
#djb4 ,rulemak+4 ,sec4 #djc4 ,no new    
disclosure requirem5ts4 ,title          
,v--,bureau ( ,consum] ,f9ancial        
,protection ,sec4 #eja4 ,data /&>ds &   
op5 data publication requirem5ts = !    
,bureau ( ,consum] ,f9ancial            
,protection4 ,sec4 #ejb4 ,rulemak+4     
,sec4 #ejc4 ,no new disclosure          
requirem5ts4 ,title ,,vi--,f$]al ,res]ve
 ,sy/em ,sec4 #fja4 ,data /&>ds         
requirem5ts = ! ,bo>d ( ,gov]nors ( !   
,f$]al ,res]ve ,sy/em4 ,sec4 #fjb4 ,op5 
data publication by ! ,bo>d ( ,gov]nors 
( ! ,f$]al ,res]ve ,sy/em4 ,sec4 #fjc4  
,rulemak+4 ,sec4 #fjd4 ,no new          

disclosure requirem5ts4 ,title          
,,vii--,commodity ,futures ,trad+       
,commission ,sec4 #gja4 ,data /&>ds4    
,sec4 #gjb4 ,op5 data publication by !  
,commodity ,futures ,trad+ ,commission4 
,sec4 #gjc4 ,rulemak+4 ,sec4 #gjd4 ,no  
new disclosure requirem5ts4 ,title      
,,viii--,national ,cr$it ,union         
,adm9i/ration ,sec4 #hja4 ,data /&>ds4  
,sec4 #hjb4 ,op5 data publication by !  
,national ,cr$it ,union ,adm9i/ration4  
,sec4 #hjc4 ,rulemak+4 ,sec4 #hjd4 ,no  
new disclosure requirem5ts4 ,title      
,,ix--,f$]al ,h\s+ ,f9ance ,ag5cy ,sec4 
#ija4 ,data /&>ds requirem5ts = ! ,f$]al
 ,h\s+ ,f9ance ,ag5cy4 ,sec4 #ijb4 ,op5 
data publication by ! ,f$]al ,h\s+      
,f9ance ,ag5cy4 ,sec4 #ijc4 ,rulemak+4  
,sec4 #ijd4 ,no new disclosure          
requirem5ts4  ,i ,(fice ( ,f9ancial     
,rese>*  #aja4 ,au?ority to promulgate  
data /&>ds = use by memb] ag5cies       
,section #aec ( ! ,f9ancial ,/ability   
,act ( #bjaj 7#ab ,u4,s4,c4 #ecdc7 is   
am5d$-- 7#a7 9 subsection 7a71 by am5d+ 

p>agraph 7#b7 to read z foll[s3  7#b7   
promulgat+ data /&>ds = ! in=mation     
report$ to memb] ag5cies by f9ancial    
entities "u ! jurisdiction ( ! memb]    
ag5cy & ! data collect$ f memb] ag5cies 
on behalf ( ! ,c\ncil2  2 &  7#b7 9     
subsection 7c71 by am5d+ p>agraph 7#b7  
to read z foll[s3  7#b7 ,/&>dization    
,memb] ag5cies1 9 consultation ) !      
,(fice1 %all implem5t regulations       
promulgat$ by ! ,(fice "u p>agraph 7#a7 
to /&>dize ! types & =mats ( data       
report$ to memb] ag5cies or collect$ on 
behalf ( ! ,c\ncil1 z describ$ 9        
subsection 7a77#b74 ,if a memb] ag5cy   
fails to implem5t su* regulations prior 
to ! expiration ( ! #c-ye> p]iod foll[+ 
! date ( publication ( f9al regulations1
 ! ,(fice1 9 consultation ) !           
,*airp]son1 may implem5t su* regulations
 ) respect to ! f9ancial entities "u !  
jurisdiction ( ! memb] ag5cy4  4  #ajb4 
,specific data /&>ds & *>act]i/ics      
,section #aec ( ! ,f9ancial ,/ability   
,act ( #bjaj 7#ab ,u4,s4,c4 #ecdc7 is   

am5d$ by add+ at ! end ! foll[+3  7g7   
,data /&>ds  7#a7 ,common id5tifi]s &   
data =mats ,! data /&>ds promulgat$ "u  
subsection 7c7 %all include-- 7,a7      
common id5tifi]s = in=mation report$ to 
memb] ag5cies or collect$ on behalf ( ! 
,c\ncil1 includ+ a common legal entity  
id5tifi] = all entities requir$ to      
report to memb] ag5cies2 &  7,b7 common 
data =mats = in=mation report$ to memb] 
ag5cies or collect$ on behalf ( !       
,c\ncil4  7#b7 ,data /&>d requirem5ts ,!
 data /&>ds promulgat$ "u subsection 7c7
 %all1 to ! ext5t practicable--  7,a7   
r5d] in=mation fully se>*able &         
ma*9e-readable2  7,b7 be nonpropriet>y2 
7,c7 incorporate /&>ds develop$ &       
ma9ta9$ by volunt>y cons5sus /&>ds      
bodies2 &  7,d7 be consi/5t ) & implem5t
 applicable acc\nt+ & report+ pr9ciples4
  7#c7 ,consultation ,9 promulgat+ data 
/&>ds "u subsection 7c71 ! ,(fice %all  
consult ) o!r ,f$]al dep>tm5ts & ag5cies
 & multi-ag5cy initiatives responsible =
 ,f$]al data /&>ds4  7#d7               

,int]op]ability ( data ,9 promulgat+    
data /&>ds "u subsection 7c71 ! ,(fice  
%all seek to promote int]op]ability (   
f9ancial regulatory data across memb]s (
 ! ,c\ncil4  4  #ajc4 ,op5 data         
publication by ! ,(fice ( ,f9ancial     
,rese>* ,section #aec ( ! ,f9ancial     
,/ability ,act ( #bjaj 7#ab ,u4,s4,c4   
#ecdc71 z am5d$ by section #ajb1 is     
fur!r am5d$ by add+ at ! end ! foll[+3  
7h7 ,op5 data publication ,all public   
in=mation publi%$ by ! ,(fice "u ?is    
subtitle %all be publi%$ z op5 data1    
freely available = d[nload 9 bulk1      
accessible via application programm+    
int]face :]e appropriate1 & (f]$ )\t any
 regi/ration requirem5t or reuse        
re/riction4  4  #ajd4 ,rulemak+ ,n lat] 
?an ! end ( ! #b-ye> p]iod beg9n+ on !  
date ( ! enactm5t ( ?is ,act1 ! ,(fice (
 ,f9ancial ,rese>* %all issue !         
regulations requir$ "u ! am5dm5ts made  
by ?is title4  #aje4 ,classifi$ &       
protect$ in=mation ,no?+ 9 ?is title or 
! am5dm5ts made by ?is title %all       

require ! disclosure to ! public (--    
7#a7 in=mation t w\ld be exempt f       
disclosure "u section #eeb ( title #e1  
,unit$ ,/ates ,code 7commonly kn[n z !  
,fre$om ( ,in=mation ,act72 or  7#b7    
in=mation protect$ "u section #eeb;a (  
title #e1 ,unit$ ,/ates ,code 7commonly 
kn[n z ! ,privacy ,act ( #aigd71 or     
section #fajc ( ! ,int]nal ,rev5ue ,code
 ( #aihf4  #ajf4 ,no new disclosure     
requirem5ts ,no?+ 9 ?is title or !      
am5dm5ts made by ?is title %all be      
con/ru$ to require ! ,(fice ( ,f9ancial 
,rese>* to collect additional in=mation 
"u ! /atutes am5d$ by ?is title1 beyond 
in=mation t 0 collect$ "u su* /atutes   
be=e ! date ( ! enactm5t ( ?is ,act4    
,,ii ,securities & ,ex*ange ,commission 
#bja4 ,data /&>ds requirem5ts = !       
,securities & ,ex*ange ,commission  7a7 
,data /&>ds = inve/m5t advis]s' reports 
"u ! ,inve/m5t ,advis]s ,act ( #aidj    
,section #bjd ( ! ,inve/m5t ,advis]s    
,act ( #aidj 7#ae ,u4,s4,c4 #hj;b-#d7 is
 am5d$--  7#a7 by r$esignat+ ! second   

subsection 7d7 7relat+ to ,records (    
,p]sons ,) ,cu/ody ( ,use7 z subsection 
7e72 &  7#b7 by add+ at ! end ! foll[+3 
7f7 ,data /&>ds = reports fil$ "u ?is   
section  7#a7 ,requirem5t ,! ,commission
 %all1 by rule1 adopt data /&>ds = all  
reports fil$ by inve/m5t advis]s ) !    
,commission "u ?is section4  7#b7       
,*>act]i/ics ,! data /&>ds requir$ by   
p>agraph 7#a7 %all1 to ! ext5t          
practicable--  7,a7 r5d] in=mation fully
 se>*able & ma*9e-readable2  7,b7 be    
nonpropriet>y2  7,c7 incorporate /&>ds  
develop$ & ma9ta9$ by volunt>y cons5sus 
/&>ds bodies2 &  7,d7 be consi/5t ) &   
implem5t applicable acc\nt+ & report+   
pr9ciples4  7#c7 ,incorporation ( /&>ds 
,9 adopt+ data /&>ds by rule "u ?is     
subsection1 ! ,commission %all          
incorporate all applicable data /&>ds   
promulgat$ by ! ,(fice ( ,f9ancial      
,rese>*4  4  7b7 ,data /&>ds =          
regi/ration /atem5ts & reports "u !     
,inve/m5t ,company ,act ( #aidj ,!      
,inve/m5t ,company ,act ( #aidj 7#ae    

,u4,s4,c4 #hj;a-#a et seq47 is am5d$--  
7#a7 9 section #h1 by add+ at ! end !   
foll[+3  7g7 ,data /&>ds = regi/ration  
/atem5ts  7#a7 ,requirem5t ,!           
,commission %all1 by rule1 adopt data   
/&>ds = all regi/ration /atem5ts requir$
 to be fil$ ) ! ,commission "u ?is      
section1 except t ! ,commission may     
exempt exhibits1 signatures1 &          
c]tifications f su* data /&>ds4  7#b7   
,*>act]i/ics ,! data /&>ds requir$ by   
p>agraph 7#a7 %all1 to ! ext5t          
practicable-- 7,a7 r5d] in=mation fully 
se>*able & ma*9e-readable2  7,b7 be     
nonpropriet>y2  7,c7 incorporate /&>ds  
develop$ & ma9ta9$ by volunt>y cons5sus 
/&>ds bodies2 &  7,d7 be consi/5t ) &   
implem5t applicable acc\nt+ & report+   
pr9ciples4  7#c7 ,incorporation ( /&>ds 
,9 adopt+ data /&>ds by rule "u ?is     
subsection1 ! ,commission %all          
incorporate all applicable data /&>ds   
promulgat$ by ! ,(fice ( ,f9ancial      
,rese>*4  2 &  7#b7 9 section #cj1 by   
add+ at ! end ! foll[+3  7k7 ,data /&>ds

 = reports  7#a7 ,requirem5t ,!         
,commission %all1 by rule1 adopt data   
/&>ds = all reports requir$ to be fil$ )
 ! ,commission "u ?is section1 except t 
! ,commission may exempt exhibits1      
signatures1 & c]tifications f su* data  
/&>ds4  7#b7 ,*>act]i/ics ,! data /&>ds 
requir$ by p>agraph 7#a7 %all1 to !     
ext5t practicable-- 7,a7 r5d] in=mation 
fully se>*able & ma*9e-readable2  7,b7  
be nonpropriet>y2  7,c7 incorporate     
/&>ds develop$ & ma9ta9$ by volunt>y    
cons5sus /&>ds bodies2 &  7,d7 be       
consi/5t ) & implem5t applicable acc\nt+
 & report+ pr9ciples4  7#c7             
,incorporation ( /&>ds ,9 adopt+ data   
/&>ds by rule "u ?is subsection1 !      
,commission %all incorporate all        
applicable data /&>ds promulgat$ by !   
,(fice ( ,f9ancial ,rese>*4  4  7c7     
,data /&>ds = in=mation requir$ ,to be  
submitt$ or publi%$ by nationally       
recogniz$ /ati/ical rat+ organizations  
,section #ae;,e ( ! ,securities ,ex*ange
 ,act ( #aicd 7#ae ,u4,s4,c4 #gho-#g7 is

 am5d$ by add+ at ! end ! foll[+3  7w7  
,data /&>ds = in=mation requir$ ,to be  
submitt$ or publi%$ "u ?is section  7#a7
 ,requirem5t ,! ,commission %all1 by    
rule1 adopt data /&>ds = all in=mation  
requir$ to be submitt$ or publi%$ by a  
nationally recogniz$ /ati/ical rat+     
organization "u ?is section4  7#b7      
,*>act]i/ics ,! data /&>ds requir$ by   
p>agraph 7#a7 %all1 to ! ext5t          
practicable-- 7,a7 r5d] in=mation fully 
se>*able & ma*9e-readable2  7,b7 be     
nonpropriet>y2  7,c7 incorporate /&>ds  
develop$ & ma9ta9$ by volunt>y cons5sus 
/&>ds bodies2 &  7,d7 be consi/5t ) &   
implem5t applicable acc\nt+ & report+   
pr9ciples4  7#c7 ,incorporation ( /&>ds 
,9 adopt+ data /&>ds by rule "u ?is     
subsection1 ! ,commission %all          
incorporate all applicable data /&>ds   
promulgat$ by ! ,(fice ( ,f9ancial      
,rese>*4  4  7d7 ,data /&>ds =          
asset-,back$ securities disclosures     
,section #g7;c7 ( ! ,securities ,act (  
#aicc 7#ae ,u4,s4,c4 #gg;g7c77 is am5d$ 

by add+ at ! end ! foll[+3  7#c7 ,data  
/&>ds = asset-back$ securities          
disclosures  7,a7 ,requirem5t ,!        
,commission %all1 by rule1 adopt data   
/&>ds = all disclosures requir$ "u ?is  
subsection4  7,b7 ,*>act]i/ics ,! data  
/&>ds requir$ by subp>agraph 7,a7 %all1 
to ! ext5t practicable-- 7i7 r5d]       
in=mation fully se>*able &              
ma*9e-readable2  7ii7 be nonpropriet>y2 
7iii7 incorporate /&>ds develop$ &      
ma9ta9$ by volunt>y cons5sus /&>ds      
bodies2 &  7iv7 be consi/5t ) & implem5t
 applicable acc\nt+ & report+ pr9ciples4
  7,c7 ,incorporation ( /&>ds ,9 adopt+ 
data /&>ds by rule "u ?is p>agraph1 !   
,commission %all incorporate all        
applicable data /&>ds promulgat$ by !   
,(fice ( ,f9ancial ,rese>*4  4  7e7     
,data /&>ds = corporate disclosures "u !
 ,securities ,act ( #aicc ,section #g ( 
! ,securities ,act ( #aicc 7#ae         
,u4,s4,c4 #gg;g7 is am5d$ by add+ at !  
end ! foll[+3  7e7 ,data /&>ds  7#a7    
,requirem5t ,! ,commission %all1 by     

rule1 adopt data /&>ds = all regi/ration
 /atem5ts & = all prospectuses includ$ 9
 regi/ration /atem5ts requir$ to be fil$
 ) ! ,commission "u ?is title1 except t 
! ,commission may exempt exhibits1      
signatures1 & c]tifications f su* data  
/&>ds4  7#b7 ,*>act]i/ics ,! data /&>ds 
requir$ by p>agraph 7#a7 %all1 to !     
ext5t practicable-- 7,a7 r5d] in=mation 
fully se>*able & ma*9e-readable2  7,b7  
be nonpropriet>y2  7,c7 incorporate     
/&>ds develop$ & ma9ta9$ by volunt>y    
cons5sus /&>ds bodies2 &  7,d7 be       
consi/5t ) & implem5t applicable acc\nt+
 & report+ pr9ciples4  7#c7             
,incorporation ( /&>ds ,9 adopt+ data   
/&>ds by rule "u ?is subsection1 !      
,commission %all incorporate all        
applicable data /&>ds promulgat$ by !   
,(fice ( ,f9ancial ,rese>*4  4  7f7     
,data /&>ds = p]iodic & curr5t corporate
 disclosures "u ! ,securities ,ex*ange  
,act ( #aicd ,section #ac ( !           
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #ghm7 is am5d$ by add+ at !   

end ! foll[+3  7s7 ,data /&>ds  7#a7    
,requirem5t ,! ,commission %all1 by     
rule1 adopt data /&>ds = all in=mation  
conta9$ 9 p]iodic & curr5t reports      
requir$ to be fil$ or furni%$ "u ?is    
section or "u section #ae7;d71 except t 
! ,commission may exempt exhibits1      
signatures1 & c]tifications f su* data  
/&>ds4  7#b7 ,*>act]i/ics ,! data /&>ds 
requir$ by p>agraph 7#a7 %all1 to !     
ext5t practicable-- 7,a7 r5d] in=mation 
fully se>*able & ma*9e-readable2  7,b7  
be nonpropriet>y2  7,c7 incorporate     
/&>ds develop$ & ma9ta9$ by volunt>y    
cons5sus /&>ds bodies2 &  7,d7 be       
consi/5t ) & implem5t applicable acc\nt+
 & report+ pr9ciples4  7#c7             
,incorporation ( /&>ds ,9 adopt+ data   
/&>ds by rule "u ?is subsection1 !      
,commission %all incorporate all        
applicable data /&>ds promulgat$ by !   
,(fice ( ,f9ancial ,rese>*4  4  7g7     
,data /&>ds = corporate proxy & cons5t  
solicitation mat]ials "u ! ,securities  
,ex*ange ,act ( #aicd ,section #ad ( !  

,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #ghn7 is am5d$ by add+ at !   
end ! foll[+3  7k7 ,data /&>ds = proxy &
 cons5t solicitation mat]ials  7#a7     
,requirem5t ,! ,commission %all1 by     
rule1 adopt data /&>ds = all in=mation  
conta9$ 9 any proxy or cons5t           
solicitation mat]ial prep>$ by an issu] 
= an annual meet+ ( ! %>ehold]s ( !     
issu]1 except t ! ,commission may exempt
 exhibits1 signatures1 & c]tifications f
 su* data /&>ds4  7#b7 ,*>act]i/ics ,!  
data /&>ds requir$ by p>agraph 7#a7     
%all1 to ! ext5t practicable-- 7,a7 r5d]
 in=mation fully se>*able &             
ma*9e-readable2  7,b7 be nonpropriet>y2 
7,c7 incorporate /&>ds develop$ &       
ma9ta9$ by volunt>y cons5sus /&>ds      
bodies2 &  7,d7 be consi/5t ) & implem5t
 applicable acc\nt+ & report+ pr9ciples4
  7#c7 ,incorporation ( /&>ds ,9 adopt+ 
data /&>ds by rule "u ?is subsection1 ! 
,commission %all incorporate all        
applicable data /&>ds promulgat$ by !   
,(fice ( ,f9ancial ,rese>*4  4  7h7     

,data /&>ds = security-,bas$ swap       
report+ ,section #ae;,f ( ! ,securities 
,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    
#gho-#aj7 is am5d$ by add+ at ! end !   
foll[+3  7m7 ,data /&>ds =              
security-,bas$ swap report+  7#a7       
,requirem5t ,! ,commission %all1 by     
rule1 adopt data /&>ds = all reports    
relat$ to security-bas$ swaps t are     
requir$ "u ?is ,act4  7#b7 ,*>act]i/ics 
,! data /&>ds requir$ by p>agraph 7#a7  
%all1 to ! ext5t practicable-- 7,a7 r5d]
 in=mation fully se>*able &             
ma*9e-readable2  7,b7 be nonpropriet>y2 
7,c7 incorporate /&>ds develop$ &       
ma9ta9$ by volunt>y cons5sus /&>ds      
bodies2 &  7,d7 be consi/5t ) & implem5t
 applicable acc\nt+ & report+ pr9ciples4
  7#c7 ,incorporation ( /&>ds ,9 adopt+ 
data /&>ds by rule "u ?is subsection1 ! 
,commission %all incorporate all        
applicable data /&>ds promulgat$ by !   
,(fice ( ,f9ancial ,rese>*4  4  7i7     
,rulemak+  7#a7 ,9 g5]al ,n lat] ?an !  
end ( ! #b-ye> p]iod beg9n+ on ! date ( 

! enactm5t ( ?is ,act1 ! ,securities &  
,ex*ange ,commission %all issue !       
regulations requir$ "u ! am5dm5ts made  
by ?is section4  7#b7 ,scal+ (          
regulatory requirem5ts ,9 issu+ !       
regulations requir$ "u ! am5dm5ts made  
by ?is section1 ! ,securities & ,ex*ange
 ,commission may scale data report+     
requirem5ts 9 ord] to r$uce any         
unju/ifi$ burd5 on em]g+ gr[? companies1
 l5d+ in/itutions1 accel]at$ fil]s1     
small] report+ companies1 & o!r small]  
issu]s1 z det]m9$ by ! /udy requir$ "u  
section #bje7;c71 :ile /ill provid+     
se>*able in=mation to inve/ors4  7#c7   
,m9imiz+ disruption ,9 issu+ !          
regulations requir$ "u ! am5dm5ts made  
by ?is section1 ! ,securities & ,ex*ange
 ,commission %all seek to m9imize       
disruptive *anges to ! p]sons affect$ by
 su* regulations4  #bjb4 ,op5 data      
publication by ! ,securities & ,ex*ange 
,commission ,section #d ( ! ,securities 
,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    
#gh;d7 is am5d$ by add+ at ! end !      

foll[+3  7j7 ,op5 data publication ,all 
public in=mation publi%$ by !           
,commission "u ! securities laws & !    
,dodd-,frank ,wall ,/reet ,re=m &       
,consum] ,protection ,act %all be       
publi%$ z op5 data1 freely available =  
d[nload 9 bulk1 accessible via          
application programm+ int]face :]e      
appropriate1 & (f]$ )\t any regi/ration 
requirem5t or reuse re/riction4  4      
#bjc4 ,data transp>5cy at ! ,municipal  
,securities ,rulemak+ ,bo>d  7a7 ,9     
g5]al ,section #ae;,b7b7 ( ! ,securities
 ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4   
#gho-#d7;b77 is am5d$ by add+ at ! end !
 foll[+3  7#h7 ,data /&>ds  7,a7        
,requirem5t ,if ! ,bo>d e/abli%es       
in=mation sy/ems "u p>agraph 7#c71 !    
,bo>d %all adopt data /&>ds = in=mation 
submitt$ via su* sy/ems4  7,b7          
,*>act]i/ics ,! data /&>ds requir$ by   
subp>agraph 7,a7 %all1 to ! ext5t       
practicable--  7i7 r5d] in=mation fully 
se>*able & ma*9e-readable2  7ii7 be     
nonpropriet>y2  7iii7 incorporate /&>ds 

develop$ & ma9ta9$ by volunt>y cons5sus 
/&>ds bodies2 &  7iv7 be consi/5t ) &   
implem5t applicable acc\nt+ & report+   
pr9ciples4  7,c7 ,incorporation ( /&>ds 
,9 adopt+ data /&>ds "u ?is p>agraph1 ! 
,bo>d %all incorporate all applicable   
data /&>ds promulgat$ by ! ,(fice (     
,f9ancial ,rese>*4  4  7b7 ,rulemak+    
7#a7 ,9 g5]al ,n lat] ?an ! end ( !     
#b-ye> p]iod beg9n+ on ! date ( !       
enactm5t ( ?is ,act1 ! ,municipal       
,securities ,rulemak+ ,bo>d %all issue !
 regulations requir$ "u ! am5dm5ts made 
by ?is section4  7#b7 ,scal+ (          
regulatory requirem5ts ,9 issu+ !       
regulations requir$ "u ! am5dm5ts made  
by ?is section1 ! ,municipal ,securities
 ,rulemak+ ,bo>d may scale data report+ 
requirem5ts 9 ord] to r$uce any         
unju/ifi$ burd5 on small] regulat$      
entities4  7#c7 ,m9imiz+ disruption ,9  
issu+ ! regulations requir$ "u !        
am5dm5ts made by ?is section1 !         
,municipal ,securities ,rulemak+ ,bo>d  
%all seek to m9imize disruptive *anges  

to ! p]sons affect$ by su* regulations4 
#bjd4 ,data transp>5cy at national      
securities associations  7a7 ,9 g5]al   
,section #ae;,a ( ! ,securities ,ex*ange
 ,act ( #aicd 7#ae ,u4,s4,c4 #gho-#c7 is
 am5d$ by add+ at ! end ! foll[+3  7n7  
,data /&>ds  7#a7 ,requirem5t ,a        
national securities association regi/]$ 
pursuant to subsection 7a7 %all adopt   
data /&>ds = all in=mation t is regul>ly
 fil$ ) or submitt$ to ! association4   
7#b7 ,*>act]i/ics ,! data /&>ds requir$ 
by p>agraph 7#a7 %all1 to ! ext5t       
practicable-- 7,a7 r5d] in=mation fully 
se>*able & ma*9e-readable2  7,b7 be     
nonpropriet>y2  7,c7 incorporate /&>ds  
develop$ & ma9ta9$ by volunt>y cons5sus 
/&>ds bodies2 &  7,d7 be consi/5t ) &   
implem5t applicable acc\nt+ & report+   
pr9ciples4  7#c7 ,incorporation ( /&>ds 
,9 adopt+ data /&>ds "u ?is subsection1 
! association %all incorporate all      
applicable data /&>ds promulgat$ by !   
,(fice ( ,f9ancial ,rese>*4  4  7b7     
,rulemak+  7#a7 ,9 g5]al ,n lat] ?an !  

end ( ! #b-ye> p]iod beg9n+ on ! date ( 
! enactm5t ( ?is ,act1 a national       
securities association %all adopt !     
/&>ds requir$ "u ! am5dm5ts made by ?is 
section4  7#b7 ,scal+ ( regulatory      
requirem5ts ,9 adopt+ ! /&>ds requir$ "u
 ! am5dm5ts made by ?is section1 a      
national securities association may     
scale data report+ requirem5ts 9 ord] to
 r$uce any unju/ifi$ burd5 on small]    
regulat$ entities4  7#c7 ,m9imiz+       
disruption ,9 adopt+ ! /&>ds requir$ "u 
! am5dm5ts made by ?is section1 a       
national securities association %all    
seek to m9imize disruptive *anges to !  
p]sons affect$ by su* /&>ds4  #bje4     
,%ort]-t]m burd5 r$uction & disclosure  
simplification at ! ,securities &       
,ex*ange ,commission2 sunset  7a7       
,adoption ( /&>ds = corporate f9ancial  
data  7#a7 ,9 g5]al ,n lat] ?an "o ye>  
aft] ! date ( enactm5t ( ?is ,act1 !    
,securities & ,ex*ange ,commission1     
%all1 by rule1 adopt a data /&>d t is   
bo? human-readable & ma*9e-readable1 &  

complies ) ! requirem5ts "u ! am5dm5ts  
made by section #bja1 ) respect to any  
corporate f9ancial data = :i* !         
,commission 0 us+ ! e,xtensible ,bus9ess
 ,report+ ,language /&>d z ( ! date (   
enactm5t ( ?is ,act4  7#b7 ,scal+ (     
regulatory requirem5ts ,! ,securities & 
,ex*ange ,commission may scale data     
report+ requirem5ts "u ?is section 9    
ord] to r$uce any unju/ifi$ burd5 on    
em]g+ gr[? companies1 l5d+ in/itutions1 
accel]at$ fil]s1 small] report+         
companies1 & o!r small] issu]s1 z       
det]m9$ by ! /udy requir$ "u subsection 
7c71 :ile /ill provid+ se>*able         
in=mation to inve/ors4  7#c7 ,m9imiz+   
disruption ,9 issu+ ! regulations       
requir$ "u ! am5dm5ts made by ?is       
section1 ! ,securities & ,ex*ange       
,commission %all seek to m9imize        
disruptive *anges to ! p]sons affect$ by
 su* regulations4  7b7 ,bett] en=cem5t (
 ! quality ( corporate f9ancial data    
submitt$ to ! ,securities & ,ex*ange    
,commission  7#a7 ,data quality         

improvem5t program ,)9 six mon?s aft] ! 
date ( ! enactm5t ( ?is ,act1 !         
,commission %all e/abli% a program to   
improve ! quality ( corporate f9ancial  
data fil$ or furni%$ by issu]s "u !     
,securities ,act ( #aicc & ! ,securities
 ,ex*ange ,act ( #aicd4 ,! program %all 
include ! foll[+3 7,a7 ,! designation ( 
an (ficial 9 ! ,(fice ( ! ,*airman      
responsible = ! improvem5t ( ! quality (
 e,xtensible ,bus9ess ,report+ ,language
 data fil$ ) or furni%$ to ! ,commission
 by issu]s4  7,b7 ,! issuance by !      
,division ( ,corporation ,f9ance (      
comm5t lett]s requir+ correction (      
errors 9 data fil+s & submissions1 :]e  
necess>y4  7#b7 ,goals ,9 e/abli%+ !    
program "u ?is section1 ! ,commission   
%all seek to--  7,a7 improve ! quality (
 data fil$ ) or furni%$ to ! ,commission
 to a comm]cially acceptable level2 &   
7,b7 make data fil$ ) or furni%$ to !   
,commission useful to inve/ors4  7c7    
,report on ! use ( ma*9e-,readable data 
= corporate disclosures  7#a7 ,9 g5]al  

,n lat] ?an six mon?s aft] ! date ( !   
enactm5t ( ?is ,act1 & e six mon?s      
!reaft]1 ! ,commission %all issue a     
report to ! ,committee on ,f9ancial     
,s]vices ( ! ,h\se ( ,repres5tatives & !
 ,committee on ,bank+1 ,h\s+1 & ,urban  
,affairs ( ! ,s5ate on ! use (          
ma*9e-readable data = corporate         
disclosures4  7#b7 ,cont5t ,ea* report  
requir$ "u p>agraph 7#a7 %all include-- 
7,a7 an id5tification ( :i* corporate   
disclosures requir$ "u section #g ( !   
,securities ,act ( #aicc1 section #ac ( 
! ,securities ,ex*ange ,act ( #aicd1 or 
section #ad ( ! ,securities ,ex*ange    
,act ( #aicd are express$ z             
ma*9e-readable data & :i* are n2  7,b7  
an analysis ( ! co/s & b5efits ( ! use (
 ma*9e-readable data 9 corporate        
disclosure to inve/ors1 m>kets1 !       
,commission1 & issu]s2  7,c7 a summ>y ( 
en=cem5t actions t result f ! use or    
analysis ( ma*9e-readable data collect$ 
"u section #g ( ! ,securities ,act (    
#aicc1 section #ac ( ! ,securities      

,ex*ange ,act ( #aicd1 or section #ad ( 
! ,securities ,ex*ange ,act ( #aicd2 &  
7,d7 an analysis ( h[ ! ,commission is  
itself us+ ! ma*9e-readable data        
collect$ by ! ,commission4  7d7 ,sunset 
,on & aft] ! end ( ! #g-ye> p]iod beg9n+
 on ! date ( ! enactm5t ( ?is ,act1 ?is 
section %all h no =ce or effect4  #bjf4 
,no new disclosure requirem5ts ,no?+ 9  
?is title or ! am5dm5ts made by ?is     
title %all be con/ru$ to require !      
,securities & ,ex*ange ,commission1 !   
,municipal ,securities ,rulemak+ ,bo>d1 
or a national securities association to 
collect additional in=mation "u !       
/atutes am5d$ by ?is title1 beyond      
in=mation t 0 collect$ "u su* /atutes   
be=e ! date ( ! enactm5t ( ?is ,act4    
,,iii ,f$]al ,deposit ,insurance        
,corporation  #cja4 ,data /&>ds         
requirem5ts = ! ,f$]al ,deposit         
,insurance ,corporation ,! ,f$]al       
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahaa et seq47 is am5d$ by add+ at ! end
 ! foll[+3  #ea4 ,data /&>ds  7a7       

,requirem5t ,! ,corporation %all1 by    
rule1 adopt data /&>ds = all in=mation t
 ! ,corporation receives f any          
depository in/itution or f9ancial       
company "u ?is ,act or "u title ,,ii ( !
 ,dodd-,frank ,wall ,/reet ,re=m &      
,consum] ,protection ,act4  7b7         
,*>act]i/ics ,! data /&>ds requir$ by   
subsection 7a7 %all1 to ! ext5t         
practicable-- 7#a7 r5d] in=mation fully 
se>*able & ma*9e-readable2  7#b7 be     
nonpropriet>y2  7#c7 incorporate /&>ds  
develop$ & ma9ta9$ by volunt>y cons5sus 
/&>ds bodies2 &  7#d7 be consi/5t ) &   
implem5t applicable acc\nt+ & report+   
pr9ciples4  7c7 ,incorporation ( /&>ds  
,9 adopt+ data /&>ds by rule "u ?is     
section1 ! ,corporation %all incorporate
 all applicable data /&>ds promulgat$ by
 ! ,(fice ( ,f9ancial ,rese>*4  7d7     
,f9ancial company def9$ ,= purposes (   
?is section1 ! t]m f9ancial company has 
! mean+ giv5 t t]m "u section #bja7;a7 (
 ! ,dodd-,frank ,wall ,/reet ,re=m &    
,consum] ,protection ,act 7#ab ,u4,s4,c4

 #echa7;a774  4  #cjb4 ,op5 data        
publication by ! ,f$]al ,deposit        
,insurance ,corporation ,! ,f$]al       
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahaa et seq471 z am5d$ by section #cja1
 is fur!r am5d$ by add+ at ! end !      
foll[+3  #eb4 ,op5 data publication ,all
 public in=mation publi%$ by !          
,corporation "u ?is ,act or "u !        
,dodd-,frank ,wall ,/reet ,re=m &       
,consum] ,protection ,act %all be       
publi%$ z op5 data1 freely available =  
d[nload 9 bulk1 accessible via          
application programm+ int]face :]e      
appropriate1 & (f]$ )\t any regi/ration 
requirem5t or reuse re/riction4  4      
#cjc4 ,rulemak+  7a7 ,9 g5]al ,n lat]   
?an ! end ( ! #b-ye> p]iod beg9n+ on !  
date ( ! enactm5t ( ?is ,act1 ! ,f$]al  
,deposit ,insurance ,corporation %all   
issue ! regulations requir$ "u !        
am5dm5ts made by ?is title4  7b7 ,scal+ 
( regulatory requirem5ts ,9 issu+ !     
regulations requir$ "u ! am5dm5ts made  
by ?is title1 ! ,f$]al ,deposit         

,insurance ,corporation may scale data  
report+ requirem5ts 9 ord] to r$uce any 
unju/ifi$ burd5 on small] regulat$      
entities4  7c7 ,m9imiz+ disruption ,9   
issu+ ! regulations requir$ "u !        
am5dm5ts made by ?is title1 ! ,f$]al    
,deposit ,insurance ,corporation %all   
seek to m9imize disruptive *anges to !  
p]sons affect$ by su* regulations4      
#cjd4 ,no new disclosure requirem5ts    
,no?+ 9 ?is title or ! am5dm5ts made by 
?is title %all be con/ru$ to require !  
,f$]al ,deposit ,insurance ,corporation 
to collect additional in=mation "u !    
/atutes am5d$ by ?is title1 beyond      
in=mation t 0 collect$ "u su* /atutes   
be=e ! date ( ! enactm5t ( ?is ,act4    
,,iv ,(fice ( ! ,comptroll] ( ! ,curr5cy
  #dja4 ,data /&>ds & op5 data          
publication requirem5ts = ! ,(fice ( !  
,comptroll] ( ! ,curr5cy ,! ,revis$     
,/atutes ( ! ,unit$ ,/ates is am5d$ by  
ins]t+ aft] section #ccb 7#ab ,u4,s4,c4 
#ad7 ! foll[+3  #ccc4 ,data /&>ds2 ,op5 
data publication  7a7 ,data /&>ds  7#a7 

,requirem5t ,! ,comptroll] ( ! ,curr5cy 
%all1 by rule1 adopt data /&>ds = all   
in=mation t is regul>ly fil$ ) or       
submitt$ to ! ,comptroll] ( ! ,curr5cy  
by any entity ) respect to :i* ! ,(fice 
( ! ,comptroll] ( ! ,curr5cy is !       
appropriate ,f$]al bank+ ag5cy 7z def9$ 
"u section #c ( ! ,f$]al ,deposit       
,insurance ,act74  7#b7 ,*>act]i/ics ,! 
data /&>ds requir$ by p>agraph 7#a7     
%all1 to ! ext5t practicable--  7,a7    
r5d] in=mation fully se>*able &         
ma*9e-readable2  7,b7 be nonpropriet>y2 
7,c7 incorporate /&>ds develop$ &       
ma9ta9$ by volunt>y cons5sus /&>ds      
bodies2 &  7,d7 be consi/5t ) & implem5t
 applicable acc\nt+ & report+ pr9ciples4
  7#c7 ,incorporation ( /&>ds ,9 adopt+ 
data /&>ds by rule "u ?is subsection1 ! 
,comptroll] ( ! ,curr5cy %all           
incorporate all applicable data /&>ds   
promulgat$ by ! ,(fice ( ,f9ancial      
,rese>*4  7b7 ,op5 data publication ,all
 public in=mation publi%$ by !          
,comptroll] ( ! ,curr5cy "u title ,,lxii

 or ! ,dodd-,frank ,wall ,/reet ,re=m & 
,consum] ,protection ,act %all be       
publi%$ z op5 data1 freely available =  
d[nload 9 bulk1 accessible via          
application programm+ int]face :]e      
appropriate1 & (f]$ )\t any regi/ration 
requirem5t or reuse re/riction4  4      
#djb4 ,rulemak+  7a7 ,9 g5]al ,n lat]   
?an ! end ( ! #b-ye> p]iod beg9n+ on !  
date ( ! enactm5t ( ?is ,act1 !         
,comptroll] ( ! ,curr5cy %all issue !   
regulations requir$ "u ! am5dm5ts made  
by ?is title4  7b7 ,scal+ ( regulatory  
requirem5ts ,9 issu+ ! regulations      
requir$ "u ! am5dm5ts made by ?is title1
 ! ,comptroll] ( ! ,curr5cy may scale   
data report+ requirem5ts 9 ord] to r$uce
 any unju/ifi$ burd5 on small] regulat$ 
entities4  7c7 ,m9imiz+ disruption ,9   
issu+ ! regulations requir$ "u !        
am5dm5ts made by ?is title1 !           
,comptroll] ( ! ,curr5cy %all seek to   
m9imize disruptive *anges to ! p]sons   
affect$ by su* regulations4  #djc4 ,no  
new disclosure requirem5ts ,no?+ 9 ?is  

title or ! am5dm5ts made by ?is title   
%all be con/ru$ to require ! ,comptroll]
 ( ! ,curr5cy to collect additional     
in=mation "u ! /atutes am5d$ by ?is     
title1 beyond in=mation t 0 collect$ "u 
su* /atutes be=e ! date ( ! enactm5t (  
?is ,act4  ,v ,bureau ( ,consum]        
,f9ancial ,protection  #eja4 ,data /&>ds
 & op5 data publication requirem5ts = ! 
,bureau ( ,consum] ,f9ancial ,protection
  7a7 ,9 g5]al ,! ,consum] ,f9ancial    
,protection ,act ( #bjaj 7#ab ,u4,s4,c4 
#edha et seq47 is am5d$ by ins]t+ aft]  
section #ajah ! foll[+3  #ajai4 ,data   
/&>ds  7a7 ,requirem5t ,! ,bureau %all1 
by rule1 adopt data /&>ds = all         
in=mation t is regul>ly fil$ ) or       
submitt$ to ! ,bureau "u ?is title4  7b7
 ,*>act]i/ics ,! data /&>ds requir$ by  
subsection 7a7 %all1 to ! ext5t         
practicable-- 7#a7 r5d] in=mation fully 
se>*able & ma*9e-readable2  7#b7 be     
nonpropriet>y2  7#c7 incorporate /&>ds  
develop$ & ma9ta9$ by volunt>y cons5sus 
/&>ds bodies2 &  7#d7 be consi/5t ) &   

implem5t applicable acc\nt+ & report+   
pr9ciples4  7c7 ,incorporation ( /&>ds  
,9 adopt+ data /&>ds by rule "u ?is     
section1 ! ,bureau %all incorporate all 
applicable data /&>ds promulgat$ by !   
,(fice ( ,f9ancial ,rese>*4  #ajbj4 ,op5
 data publication ,all public in=mation 
publi%$ by ! ,bureau "u ?is title %all  
be publi%$ z op5 data1 freely available 
= d[nload 9 bulk1 accessible via        
application programm+ int]face :]e      
appropriate1 & (f]$ )\t any regi/ration 
requirem5t or reuse re/riction4  4  7b7 
,cl]ical am5dm5t ,! table ( cont5ts "u  
section #a7;b7 ( ! ,dodd-,frank ,wall   
,/reet ,re=m & ,consum] ,protection ,act
 is am5d$ by ins]t+ aft] ! item relat+  
to section #ajah ! foll[+3  ,sec4 #ajai4
 ,data /&>ds4 ,sec4 #ajbj4 ,op5 data    
publication4  4  #ejb4 ,rulemak+  7a7 ,9
 g5]al ,n lat] ?an ! end ( ! #b-ye>     
p]iod beg9n+ on ! date ( ! enactm5t (   
?is ,act1 ! ,bureau ( ,consum] ,f9ancial
 ,protection %all issue ! regulations   
requir$ "u ! am5dm5ts made by ?is title4

  7b7 ,scal+ ( regulatory requirem5ts ,9
 issu+ ! regulations requir$ "u !       
am5dm5ts made by ?is title1 ! ,bureau ( 
,consum] ,f9ancial ,protection may scale
 data report+ requirem5ts 9 ord] to     
r$uce any unju/ifi$ burd5 on small]     
regulat$ entities4  7c7 ,m9imiz+        
disruption ,9 issu+ ! regulations       
requir$ "u ! am5dm5ts made by ?is title1
 ! ,bureau ( ,consum] ,f9ancial         
,protection %all seek to m9imize        
disruptive *anges to ! p]sons affect$ by
 su* regulations4  #ejc4 ,no new        
disclosure requirem5ts ,no?+ 9 ?is title
 or ! am5dm5ts made by ?is title %all be
 con/ru$ to require ! ,bureau ( ,consum]
 ,f9ancial ,protection to collect       
additional in=mation "u ! /atutes am5d$ 
by ?is title1 beyond in=mation t 0      
collect$ "u su* /atutes be=e ! date ( ! 
enactm5t ( ?is ,act4  ,,vi ,f$]al       
,res]ve ,sy/em  #fja4 ,data /&>ds       
requirem5ts = ! ,bo>d ( ,gov]nors ( !   
,f$]al ,res]ve ,sy/em  7a7 ,data /&>ds =
 in=mation fil$ or submitt$ by nonbank  

f9ancial companies ,section #afa7;a7 ( !
 ,f9ancial ,/ability ,act ( #bjaj 7#ab  
,u4,s4,c4 #ecfa7;a77 is am5d$ by add+ at
 ! end ! foll[+3  7#d7 ,data /&>ds =    
reports "u ?is subsection  7,a7 ,9 g5]al
 ,! ,bo>d ( ,gov]nors %all adopt data   
/&>ds = all f9ancial data t is regul>ly 
fil$ ) or submitt$ to ! ,bo>d (         
,gov]nors by any nonbank f9ancial       
company pursuant to ?is subsection4     
7,b7 ,*>act]i/ics ,! data /&>ds requir$ 
by ?is section %all1 to ! ext5t         
practicable-- 7i7 r5d] in=mation fully  
se>*able & ma*9e-readable2  7ii7 be     
nonpropriet>y2  7iii7 incorporate /&>ds 
develop$ & ma9ta9$ by volunt>y cons5sus 
/&>ds bodies2 &  7iv7 be consi/5t ) &   
implem5t applicable acc\nt+ & report+   
pr9ciples4  7,c7 ,incorporation ( /&>ds 
,9 adopt+ data /&>ds by rule "u ?is     
p>agraph1 ! ,bo>d ( ,gov]nors %all      
incorporate all applicable data /&>ds   
promulgat$ by ! ,(fice ( ,f9ancial      
,rese>*4  4  7b7 ,data /&>ds = in=mation
 fil$ or submitt$ by sav+s & loan hold+ 

companies ,section #aj ( ! ,home ,own]s'
 ,loan ,act 7#ab ,u4,s4,c4 #adfg;a7 is  
am5d$ by add+ at ! end ! foll[+3  7u7   
,data /&>ds  7#a7 ,requirem5t ,! ,bo>d  
%all adopt data /&>ds = all in=mation t 
is regul>ly fil$ ) or submitt$ to !     
,bo>d by any sav+s & loan hold+ company1
 or subsidi>y ( a sav+s & loan hold+    
company1 o!r ?an a depository           
in/itution1 "u ?is section4  7#b7       
,*>act]i/ics ,! data /&>ds requir$ by   
?is subsection %all1 to ! ext5t         
practicable-- 7,a7 r5d] in=mation fully 
se>*able & ma*9e-readable2  7,b7 be     
nonpropriet>y2  7,c7 incorporate /&>ds  
develop$ & ma9ta9$ by volunt>y cons5sus 
/&>ds bodies2 &  7,d7 be consi/5t ) &   
implem5t applicable acc\nt+ & report+   
pr9ciples4  7#c7 ,incorporation ( /&>ds 
,9 adopt+ data /&>ds by rule "u ?is     
section1 ! ,bo>d ( ,gov]nors %all       
incorporate all applicable data /&>ds   
promulgat$ by ! ,(fice ( ,f9ancial      
,rese>*4  4  7c7 ,data /&>ds = in=mation
 fil$ or submitt$ by bank hold+         

companies ,section #e ( ! ,bank ,hold+  
,company ,act ( #aief 7#ab ,u4,s4,c4    
#ahdd7 is am5d$ by add+ at ! end !      
foll[+3  7h7 ,data /&>ds  7#a7          
,requirem5t ,! ,bo>d %all adopt data    
/&>ds = all in=mation t is regul>ly fil$
 ) or submitt$ to ! ,bo>d by any bank   
hold+ company 9 a report "u subsection  
7c74  7#b7 ,*>act]i/ics ,! data /&>ds   
requir$ by ?is subsection %all1 to !    
ext5t practicable-- 7,a7 r5d] in=mation 
fully se>*able & ma*9e-readable2  7,b7  
be nonpropriet>y2  7,c7 incorporate     
/&>ds develop$ & ma9ta9$ by volunt>y    
cons5sus /&>ds bodies2 &  7,d7 be       
consi/5t ) & implem5t applicable acc\nt+
 & report+ pr9ciples4  7#c7             
,incorporation ( /&>ds ,9 adopt+ data   
/&>ds "u ?is subsection1 ! ,bo>d %all   
incorporate all applicable data /&>ds   
promulgat$ by ! ,(fice ( ,f9ancial      
,rese>*4  4  7d7 ,data /&>ds = in=mation
 submitt$ by f9ancial m>ket utilities or
 in/itutions "u ! ,paym5t1 ,cle>+1 &    
,settlem5t ,sup]vision ,act ( #bjaj     

,section #hji ( ! ,paym5t1 ,cle>+1 &    
,settlem5t ,sup]vision ,act ( #bjaj 7#ab
 ,u4,s4,c4 #edfh7 is am5d$ by add+ at ! 
end ! foll[+3  7h7 ,data /&>ds  7#a7    
,requirem5t ,! ,bo>d ( ,gov]nors %all   
adopt data /&>ds = all in=mation t is   
regul>ly fil$ ) or submitt$ to ! ,bo>d  
by any f9ancial m>ket utility or        
f9ancial in/itution "u subsection 7a7 or
 7b74  7#b7 ,*>act]i/ics ,! data /&>ds  
requir$ by ?is subsection %all1 to !    
ext5t practicable-- 7,a7 r5d] in=mation 
fully se>*able & ma*9e-readable2  7,b7  
be nonpropriet>y2  7,c7 incorporate     
/&>ds develop$ & ma9ta9$ by volunt>y    
cons5sus /&>ds bodies2 &  7,d7 be       
consi/5t ) & implem5t applicable acc\nt+
 & report+ pr9ciples4  7#c7             
,incorporation ( /&>ds ,9 adopt+ data   
/&>ds "u ?is subsection1 ! ,bo>d (      
,gov]nors %all incorporate all          
applicable data /&>ds promulgat$ by !   
,(fice ( ,f9ancial ,rese>*4  4  #fjb4   
,op5 data publication by ! ,bo>d (      
,gov]nors ( ! ,f$]al ,res]ve ,sy/em ,!  

,f$]al ,res]ve ,act 7#ab ,u4,s4,c4 #bbf 
et seq47 is am5d$ by add+ at ! end !    
foll[+3  #cb ,op5 data publication by ! 
,bo>d ( ,gov]nors ,all public in=mation 
publi%$ by ! ,bo>d ( ,gov]nors "u ?is   
,act1 ! ,bank ,hold+ ,company ,act (    
#aief1 ! ,f9ancial ,/ability ,act (     
#bjaj1 ! ,home ,own]s' ,loan ,act1 !    
,paym5t1 ,cle>+1 & ,settlem5t           
,sup]vision ,act ( #bjaj1 or ! ,enhanc+ 
,f9ancial ,in/itution ,safety &         
,s\ndness ,act ( #bjaj %all be publi%$ z
 op5 data1 freely available = d[nload 9 
bulk1 accessible via application        
programm+ int]face :]e appropriate1 &   
(f]$ )\t any regi/ration requirem5t or  
reuse re/riction4  4  #fjc4 ,rulemak+   
7a7 ,9 g5]al ,n lat] ?an ! end ( !      
#b-ye> p]iod beg9n+ on ! date ( !       
enactm5t ( ?is ,act1 ! ,bo>d ( ,gov]nors
 ( ! ,f$]al ,res]ve ,sy/em %all issue ! 
regulations requir$ "u ! am5dm5ts made  
by ?is title4  7b7 ,scal+ ( regulatory  
requirem5ts ,9 issu+ ! regulations      
requir$ "u ! am5dm5ts made by ?is title1

 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve 
,sy/em may scale data report+           
requirem5ts 9 ord] to r$uce any         
unju/ifi$ burd5 on small] regulat$      
entities4  7c7 ,m9imiz+ disruption ,9   
issu+ ! regulations requir$ "u !        
am5dm5ts made by ?is title1 ! ,bo>d (   
,gov]nors ( ! ,f$]al ,res]ve ,sy/em %all
 seek to m9imize disruptive *anges to ! 
p]sons affect$ by su* regulations4      
#fjd4 ,no new disclosure requirem5ts    
,no?+ 9 ?is title or ! am5dm5ts made by 
?is title %all be con/ru$ to require !  
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em to collect additional in=mation  
"u ! /atutes am5d$ by ?is title1 beyond 
in=mation t 0 collect$ "u su* /atutes   
be=e ! date ( ! enactm5t ( ?is ,act4    
,,vii ,commodity ,futures ,trad+        
,commission  #gja4 ,data /&>ds ,!       
,commodity ,ex*ange ,act 7#g ,u4,s4,c4  
#a et seq47 is am5d$ by add+ at ! end ! 
foll[+3  #bd4 ,data /&>ds  7a7          
,requirem5t ,! ,commission %all1 by     
rule1 adopt data /&>ds = all in=mation t

 is regul>ly fil$ ) or submitt$ to !    
,commission "u ?is ,act1 all in=mation t
 is requir$ to be report$ to a regi/]$  
swap data repository "u ?is ,act1 & all 
in=mation t is requir$ to be publicly   
disclos$ by p>ties to a swap "u ?is     
,act4  7b7 ,*>act]i/ics ,! data /&>ds   
requir$ by subsection 7a7 %all1 to !    
ext5t practicable-- 7#a7 r5d] in=mation 
fully se>*able & ma*9e-readable2  7#b7  
be nonpropriet>y2  7#c7 incorporate     
/&>ds develop$ & ma9ta9$ by volunt>y    
cons5sus /&>ds bodies2 &  7#d7 be       
consi/5t ) & implem5t applicable acc\nt+
 & report+ pr9ciples4  7c7              
,incorporation ( /&>ds ,9 adopt+ data   
/&>ds by rule "u ?is section1 !         
,commission %all incorporate all        
applicable data /&>ds promulgat$ by !   
,(fice ( ,f9ancial ,rese>*4  4  #gjb4   
,op5 data publication by ! ,commodity   
,futures ,trad+ ,commission ,!          
,commodity ,ex*ange ,act 7#g ,u4,s4,c4  
#a et seq471 z am5d$ by section #gja1 is
 fur!r am5d$ by add+ at ! end ! foll[+3 

#be4 ,op5 data publication ,all public  
in=mation publi%$ by ! ,commission "u   
?is ,act %all be publi%$ z op5 data1    
freely available = d[nload 9 bulk1      
accessible via application programm+    
int]face :]e appropriate1 & (f]$ )\t any
 regi/ration requirem5t or reuse        
re/riction4  4  #gjc4 ,rulemak+  7a7 ,9 
g5]al ,n lat] ?an ! end ( ! #b-ye> p]iod
 beg9n+ on ! date ( ! enactm5t ( ?is    
,act1 ! ,commodity ,futures ,trad+      
,commission %all issue ! regulations    
requir$ "u ! am5dm5ts made by ?is title4
  7b7 ,scal+ ( regulatory requirem5ts ,9
 issu+ ! regulations requir$ "u !       
am5dm5ts made by ?is title1 ! ,commodity
 ,futures ,trad+ ,commission may scale  
data report+ requirem5ts 9 ord] to r$uce
 any unju/ifi$ burd5 on small] regulat$ 
entities4  7c7 ,m9imiz+ disruption ,9   
issu+ ! regulations requir$ "u !        
am5dm5ts made by ?is title1 ! ,commodity
 ,futures ,trad+ ,commission %all seek  
to m9imize disruptive *anges to ! p]sons
 affect$ by su* regulations4  #gjd4 ,no 

new disclosure requirem5ts ,no?+ 9 ?is  
title or ! am5dm5ts made by ?is title   
%all be con/ru$ to require ! ,commodity 
,futures ,trad+ ,commission to collect  
additional in=mation "u ! /atutes am5d$ 
by ?is title1 beyond in=mation t 0      
collect$ "u su* /atutes be=e ! date ( ! 
enactm5t ( ?is ,act4  ,,viii ,national  
,cr$it ,union ,adm9i/ration  #hja4 ,data
 /&>ds ,title ,i ( ! ,f$]al ,cr$it      
,union ,act 7#ab ,u4,s4,c4 #ageb et     
seq47 is am5d$ by add+ at ! end !       
foll[+3  #acb4 ,data /&>ds  7a7         
,requirem5t ,! ,bo>d %all1 by rule1     
adopt data /&>ds = all in=mation &      
reports regul>ly fil$ ) or submitt$ to !
 ,adm9i/ration "u ?is ,act4  7b7        
,*>act]i/ics ,! data /&>ds requir$ by   
subsection 7a7 %all1 to ! ext5t         
practicable-- 7#a7 r5d] in=mation fully 
se>*able & ma*9e-readable2  7#b7 be     
nonpropriet>y2  7#c7 incorporate /&>ds  
develop$ & ma9ta9$ by volunt>y cons5sus 
/&>ds bodies2 &  7#d7 be consi/5t ) &   
implem5t applicable acc\nt+ & report+   

pr9ciples4  7c7 ,incorporation ( /&>ds  
,9 adopt+ data /&>ds by rule "u ?is     
section1 ! ,bo>d %all incorporate all   
applicable data /&>ds promulgat$ by !   
,(fice ( ,f9ancial ,rese>*4  4  #hjb4   
,op5 data publication by ! ,national    
,cr$it ,union ,adm9i/ration ,title ,i ( 
! ,f$]al ,cr$it ,union ,act 7#ab        
,u4,s4,c4 #ageb et seq471 z am5d$ by    
section #hja1 is fur!r am5d$ by add+ at 
! end ! foll[+3  #acc4 ,op5 data        
publication ,all public in=mation       
publi%$ by ! ,adm9i/ration "u ?is title 
%all be publi%$ z op5 data1 freely      
available = d[nload 9 bulk1 accessible  
via application programm+ int]face :]e  
appropriate1 & (f]$ )\t any regi/ration 
requirem5t or reuse re/riction4  4      
#hjc4 ,rulemak+  7a7 ,9 g5]al ,n lat]   
?an ! end ( ! #b-ye> p]iod beg9n+ on !  
date ( ! enactm5t ( ?is ,act1 !         
,national ,cr$it ,union ,adm9i/ration   
,bo>d %all issue ! regulations requir$  
"u ! am5dm5ts made by ?is title4  7b7   
,scal+ ( regulatory requirem5ts ,9 issu+

 ! regulations requir$ "u ! am5dm5ts    
made by ?is title1 ! ,national ,cr$it   
,union ,adm9i/ration ,bo>d may scale    
data report+ requirem5ts 9 ord] to r$uce
 any unju/ifi$ burd5 on small] regulat$ 
entities4  7c7 ,m9imiz+ disruption ,9   
issu+ ! regulations requir$ "u !        
am5dm5ts made by ?is title1 ! ,national 
,cr$it ,adm9i/ration ,bo>d %all seek to 
m9imize disruptive *anges to ! p]sons   
affect$ by su* regulations4  #hjd4 ,no  
new disclosure requirem5ts ,no?+ 9 ?is  
title or ! am5dm5ts made by ?is title   
%all be con/ru$ to require ! ,national  
,cr$it ,union ,adm9i/ration ,bo>d to    
collect additional in=mation "u !       
/atutes am5d$ by ?is title1 beyond      
in=mation t 0 collect$ "u su* /atutes   
be=e ! date ( ! enactm5t ( ?is ,act4    
,,ix ,f$]al ,h\s+ ,f9ance ,ag5cy  #ija4 
,data /&>ds requirem5ts = ! ,f$]al ,h\s+
 ,f9ance ,ag5cy ,"p #a ( subtitle ,a ( !
 ,f$]al ,h\s+ ,ent]prises ,f9ancial     
,safety & ,s\ndness ,act ( #aiib 7#ab   
,u4,s4,c4 #deja et seq47 is am5d$ by    

add+ at ! end ! foll[+3  #acai;,h4 ,data
 /&>ds  7a7 ,requirem5t ,! ,ag5cy %all1 
by rule1 adopt data /&>ds = all         
in=mation t is regul>ly fil$ ) or       
submitt$ to ! ,ag5cy "u ?is ,act4  7b7  
,*>act]i/ics ,! data /&>ds requir$ by   
subsection 7a7 %all1 to ! ext5t         
practicable-- 7#a7 r5d] in=mation fully 
se>*able & ma*9e-readable2  7#b7 be     
nonpropriet>y2  7#c7 incorporate /&>ds  
develop$ & ma9ta9$ by volunt>y cons5sus 
/&>ds bodies2 &  7#d7 be consi/5t ) &   
implem5t applicable acc\nt+ & report+   
pr9ciples4  7c7 ,incorporation ( /&>ds  
,9 adopt+ data /&>ds by rule "u ?is     
section1 ! ,ag5cy %all incorporate all  
applicable data /&>ds promulgat$ by !   
,(fice ( ,f9ancial ,rese>*4  4  #ijb4   
,op5 data publication by ! ,f$]al ,h\s+ 
,f9ance ,ag5cy ,"p #a ( subtitle ,a ( ! 
,f$]al ,h\s+ ,ent]prises ,f9ancial      
,safety & ,s\ndness ,act ( #aiib 7#ab   
,u4,s4,c4 #deja et seq471 z am5d$ by    
section #ija1 is fur!r am5d$ by add+ at 
! end ! foll[+3  #acai;,i4 ,op5 data    

publication ,all public in=mation       
publi%$ by ! ,ag5cy "u ?is ,act %all be 
publi%$ z op5 data1 freely available =  
d[nload 9 bulk1 accessible via          
application programm+ int]face :]e      
appropriate1 & (f]$ )\t any regi/ration 
requirem5t or reuse re/riction4  4      
#ijc4 ,rulemak+  7a7 ,9 g5]al ,n lat]   
?an ! end ( ! #b-ye> p]iod beg9n+ on !  
date ( ! enactm5t ( ?is ,act1 ! ,f$]al  
,h\s+ ,f9ance ,ag5cy %all issue !       
regulations requir$ "u ! am5dm5ts made  
by ?is title4  7b7 ,m9imiz+ disruption  
,9 issu+ ! regulations requir$ "u !     
am5dm5ts made by ?is title1 ! ,f$]al    
,h\s+ ,f9ance ,ag5cy %all seek to       
m9imize disruptive *anges to ! p]sons   
affect$ by su* regulations4  #ijd4 ,no  
new disclosure requirem5ts ,no?+ 9 ?is  
title or ! am5dm5ts made by ?is title   
%all be con/ru$ to require ! ,f$]al     
,h\s+ ,f9ance ,ag5cy to collect         
additional in=mation "u ! /atutes am5d$ 
by ?is title1 beyond in=mation t 0      
collect$ "u su* /atutes be=e ! date ( ! 

enactm5t ( ?is ,act4