,i  #aaeth ,,congress  #b;d ,session    
,h4 ,r4 #fghi  ,,in ,,the ,,house ,,of  
,,representatives  ,september #ab1      
#bjah,mr4 ,meeks introduced the         
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to require certain ,federal 
financial regulators to carry out an    
independent study of their regulated    
entities' processes for allowing third  
parties to access consumer-authorized   
financial data4  #a4 ,short title ,this 
,act may be cited as the ,open ,banking 
,study ,act of #bjah4  #b4              
,consumer-authorized financial data     
study  7a7 ,study ,the ,board of        
,governors of the ,federal ,reserve     
,system1 the ,bureau of ,consumer       
,financial ,protection1 the ,comptroller
 of the ,currency1 the ,federal ,deposit
 ,insurance ,corporation1 and the       
,national ,credit ,union ,administration
 shall each carry out an independent    
study of their regulated entities'      
processes for allowing third parties to 

access consumer-authorized financial    
data4  7b7 ,report ,not later than the  
end of the #a-year period beginning on  
the date of enactment of this ,act1 each
 ,federal agency required to carry out a
 study under subsection 7a7 shall submit
 an independent report to the ,committee
 on ,financial ,services of the ,house  
of ,representatives and the ,committee  
on ,banking1 ,housing1 and ,urban       
,affairs of the ,senate containing--    
7#a7 a description of all findings and  
determinations made in carrying out the 
study required under subsection 7a72 and
  7#b7 administrative and legislative   
recommendations that would encourage    
consumer-authorized financial data      
sharing and aggregation consistent with 
the agency's safety and soundness1      
consumer protection1 anti-money         
laundering1 and cybersecurity standards4