,i #aafth ,,congress #ast ,session ,h4 ,r4 #ddgf ,,in ,,the ,,house ,,of ,,representatives ,september #bd1 #bjai,mrs4 ,carolyn ,b4 ,maloney of ,new ,york 7for herself and ,mr4 ,mc,henry7 introduced the following bill2 which was referred to the ,committee on ,financial ,services1 and in addition to the ,committee on ,agriculture1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to amend securities1 commodities1 and banking laws to make the information reported to financial regulatory agencies electronically searchable1 to further enable the development of ,reg,tech and ,artificial ,intelligence applications1 to put the ,united ,states on a path towards building a comprehensive ,standard ,business ,reporting program to ultimately harmonize and reduce the private sector's regulatory compliance burden1 while enhancing transparency and accountability1 and for other purposes4 #a4 ,short title2 table of contents 7a7 ,short title ,this ,act may be cited as the ,financial ,transparency ,act of #bjai4 7b7 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title2 table of contents4 ,title ,i--,department of the ,treasury ,sec4 #aja4 ,data standards4 ,sec4 #ajb4 ,open data publication by the ,department of the ,treasury4 ,sec4 #ajc4 ,rulemaking4 ,sec4 #ajd4 ,classified and protected information4 ,sec4 #aje4 ,no new disclosure requirements4 ,sec4 #ajf4 ,report4 ,sec4 #ajg4 ,conforming amendments to the ,office of ,financial ,research4 ,title ,,ii--,securities and ,exchange ,commission ,sec4 #bja4 ,data standards requirements for the ,securities and ,exchange ,commission4 ,sec4 #bjb4 ,open data publication by the ,securities and ,exchange ,commission4 ,sec4 #bjc4 ,data transparency at the ,municipal ,securities ,rulemaking ,board4 ,sec4 #bjd4 ,data transparency at national securities associations4 ,sec4 #bje4 ,shorter-term burden reduction and disclosure simplification at the ,securities and ,exchange ,commission2 sunset4 ,sec4 #bjf4 ,no new disclosure requirements4 ,title ,,iii--,federal ,deposit ,insurance ,corporation ,sec4 #cja4 ,data standards requirements for the ,federal ,deposit ,insurance ,corporation4 ,sec4 #cjb4 ,open data publication by the ,federal ,deposit ,insurance ,corporation4 ,sec4 #cjc4 ,rulemaking4 ,sec4 #cjd4 ,no new disclosure requirements4 ,title ,,iv--,office of the ,comptroller of the ,currency ,sec4 #dja4 ,data standards and open data publication requirements for the ,office of the ,comptroller of the ,currency4 ,sec4 #djb4 ,rulemaking4 ,sec4 #djc4 ,no new disclosure requirements4 ,title ,v--,bureau of ,consumer ,financial ,protection ,sec4 #eja4 ,data standards and open data publication requirements for the ,bureau of ,consumer ,financial ,protection4 ,sec4 #ejb4 ,rulemaking4 ,sec4 #ejc4 ,no new disclosure requirements4 ,title ,,vi--,federal ,reserve ,system ,sec4 #fja4 ,data standards requirements for the ,board of ,governors of the ,federal ,reserve ,system4 ,sec4 #fjb4 ,open data publication by the ,board of ,governors of the ,federal ,reserve ,system4 ,sec4 #fjc4 ,rulemaking4 ,sec4 #fjd4 ,no new disclosure requirements4 ,title ,,vii--,commodity ,futures ,trading ,commission ,sec4 #gja4 ,data standards4 ,sec4 #gjb4 ,open data publication by the ,commodity ,futures ,trading ,commission4 ,sec4 #gjc4 ,rulemaking4 ,sec4 #gjd4 ,no new disclosure requirements4 ,title ,,viii--,national ,credit ,union ,administration ,sec4 #hja4 ,data standards4 ,sec4 #hjb4 ,open data publication by the ,national ,credit ,union ,administration4 ,sec4 #hjc4 ,rulemaking4 ,sec4 #hjd4 ,no new disclosure requirements4 ,title ,,ix--,federal ,housing ,finance ,agency ,sec4 #ija4 ,data standards requirements for the ,federal ,housing ,finance ,agency4 ,sec4 #ijb4 ,open data publication by the ,federal ,housing ,finance ,agency4 ,sec4 #ijc4 ,rulemaking4 ,sec4 #ijd4 ,no new disclosure requirements4 ,title ,x--,miscellaneous ,sec4 #ajja4 ,rule of construction4 ,i ,department of the ,treasury #aja4 ,data standards 7a7 ,in general ,subtitle ,a of title ,i of the ,financial ,stability ,act of #bjaj 7#ab ,u4,s4,c4 #ecaa et seq47 is amended by adding at the end the following3 #abd4 ,data standards 7a7 ,in general ,the ,secretary of the ,treasury shall1 by rule1 promulgate data standards1 meaning a standard that specifies rules by which data is described and recorded1 for the information reported to member agencies by financial entities under the jurisdiction of the member agency and the data collected from member agencies on behalf of the ,council4 7b7 ,standardization ,member agencies1 in consultation with the ,secretary of the ,treasury1 shall implement regulations promulgated by the ,secretary of the ,treasury under subsection 7a7 to standardize data reported to member agencies or collected on behalf of the ,council1 as described under subsection 7a74 ,if a member agency fails to implement such regulations prior to the expiration of the #c-year period following the date of publication of final regulations1 the ,secretary of the ,treasury1 in consultation with the ,chairperson1 may implement such regulations with respect to the financial entities under the jurisdiction of the member agency4 7c7 ,data standards 7#a7 ,common identifiers ,the data standards promulgated under subsection 7a7 shall include common identifiers for information reported to member agencies or collected on behalf of the ,council1 including a common nonproprietary legal entity identifier that is available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code7 for all entities required to report to member agencies4 7#b7 ,data standard ,the data standards promulgated under subsection 7a7 shall1 to the extent practicable-- 7,a7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,b7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7,c7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7,d7 be nonproprietary or made available under an open license2 7,e7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7,f7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7#c7 ,consultation ,in promulgating data standards under subsection 7a71 the ,secretary of the ,treasury shall consult with other ,federal departments and agencies and multi-agency initiatives responsible for ,federal data standards4 7#d7 ,interoperability of data ,in promulgating data standards under subsection 7a71 the ,secretary of the ,treasury shall seek to promote interoperability of financial regulatory data across members of the ,council4 4 7b7 ,clerical amendment ,the table of contents under section #a7;b7 of the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act is amended by inserting after the item relating to section #abc the following3 ,sec4 #abd4 ,data standards4 4 #ajb4 ,open data publication by the ,department of the ,treasury ,section #abd of the ,financial ,stability ,act of #bjaj1 as added by section #aja1 is amended by adding at the end the following3 7d7 ,open data publication ,all public information published by the ,secretary of the ,treasury under this subtitle shall be made available as an open ,government data asset 7as defined under section #cejb of title #dd1 ,united ,states ,code71 freely available for download in bulk1 and rendered in a human-readable format and accessible via application programming interface where appropriate4 4 #ajc4 ,rulemaking ,not later than the end of the #b-year period beginning on the date of the enactment of this ,act1 the ,secretary of the ,treasury shall issue the regulations required under the amendments made by this title4 ,the ,secretary may delegate the functions required under the amendments made by this title to an appropriate office within the ,department of the ,treasury4 #ajd4 ,classified and protected information ,nothing in this title or the amendments made by this title shall require the disclosure to the public of-- 7#a7 information that would be exempt from disclosure under section #eeb of title #e1 ,united ,states ,code 7commonly known as the ,freedom of ,information ,act72 or 7#b7 information protected under section #eeb;a of title #e1 ,united ,states ,code 7commonly known as the ,privacy ,act of #aigd71 or section #fajc of the ,internal ,revenue ,code of #aihf4 #aje4 ,no new disclosure requirements ,nothing in this title or the amendments made by this title shall be construed to require the ,secretary of the ,treasury to collect additional information under the statutes amended by this title1 beyond information that was collected under such statutes before the date of the enactment of this ,act4 #ajf4 ,report ,not later than #a year after the end of the #b-year period described in section #ajc1 the ,comptroller ,general of the ,united ,states shall submit to ,congress a report on the feasibility1 costs1 and potential benefits of building upon the taxonomy established by this ,act to arrive at a ,federal ,government-wide regulatory compliance standardization mechanism similar to ,standard ,business ,reporting4 #ajg4 ,conforming amendments to the ,office of ,financial ,research ,section #aec of the ,financial ,stability ,act of #bjaj 7#ab ,u4,s4,c4 #ecdc7 is amended-- 7#a7 in subsection 7a7-- 7,a7 by striking paragraph 7#b72 and 7,b7 by redesignating paragraphs 7#c7 through 7#g7 as paragraphs 7#b7 through 7#f71 respectively2 and 7#b7 by amending subsection 7c7 to read as follows3 7c7 ,rulemaking authority ,the ,office1 in consultation with the ,chairperson1 shall issue rules1 regulations1 and orders only to the extent necessary to carry out the purposes and duties described in paragraphs 7#a7 and 7#f7 of subsection 7a74 4 ,,ii ,securities and ,exchange ,commission #bja4 ,data standards requirements for the ,securities and ,exchange ,commission 7a7 ,data standards for investment advisers' reports under the ,investment ,advisers ,act of #aidj ,section #bjd of the ,investment ,advisers ,act of #aidj 7#ae ,u4,s4,c4 #hj;b-#d7 is amended-- 7#a7 by redesignating the second subsection 7d7 7relating to ,records of ,persons ,with ,custody of ,use7 as subsection 7e72 and 7#b7 by adding at the end the following3 7f7 ,data standards for reports filed under this section 7#a7 ,requirement ,the ,commission shall1 by rule1 adopt data standards for all reports filed by investment advisers with the ,commission under this section4 7#b7 ,characteristics ,the data standards required by paragraph 7#a7 shall1 to the extent practicable-- 7,a7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,b7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7,c7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7,d7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,e7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7,f7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7#c7 ,incorporation of standards ,in adopting data standards by rule under this subsection1 the ,commission shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 4 7b7 ,data standards for registration statements and reports under the ,investment ,company ,act of #aidj ,the ,investment ,company ,act of #aidj 7#ae ,u4,s4,c4 #hj;a-#a et seq47 is amended-- 7#a7 in section #h1 by adding at the end the following3 7g7 ,data standards for registration statements 7#a7 ,requirement ,the ,commission shall1 by rule1 adopt data standards for all registration statements required to be filed with the ,commission under this section1 except that the ,commission may exempt exhibits1 signatures1 and certifications from such data standards4 7#b7 ,characteristics ,the data standards required by paragraph 7#a7 shall1 to the extent practicable-- 7,a7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,b7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7,c7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7,d7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,e7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7,f7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7#c7 ,incorporation of standards ,in adopting data standards by rule under this subsection1 the ,commission shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 2 and 7#b7 in section #cj1 by adding at the end the following3 7k7 ,data standards for reports 7#a7 ,requirement ,the ,commission shall1 by rule1 adopt data standards for all reports required to be filed with the ,commission under this section1 except that the ,commission may exempt exhibits1 signatures1 and certifications from such data standards4 7#b7 ,characteristics ,the data standards required by paragraph 7#a7 shall1 to the extent practicable-- 7,a7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,b7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7,c7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7,d7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,e7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7,f7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7#c7 ,incorporation of standards ,in adopting data standards by rule under this subsection1 the ,commission shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 4 7c7 ,data standards for information required ,to be submitted or published by nationally recognized statistical rating organizations ,section #ae;,e of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gho-#g7 is amended by adding at the end the following3 7w7 ,data standards for information required ,to be submitted or published under this section 7#a7 ,requirement ,the ,commission shall1 by rule1 adopt data standards for all information required to be submitted or published by a nationally recognized statistical rating organization under this section4 7#b7 ,characteristics ,the data standards required by paragraph 7#a7 shall1 to the extent practicable-- 7,a7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,b7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7,c7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7,d7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,e7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7,f7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7#c7 ,incorporation of standards ,in adopting data standards by rule under this subsection1 the ,commission shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 4 7d7 ,data standards for asset-,backed securities disclosures ,section #g7;c7 of the ,securities ,act of #aicc 7#ae ,u4,s4,c4 #gg;g7c77 is amended by adding at the end the following3 7#c7 ,data standards for asset-backed securities disclosures 7,a7 ,requirement ,the ,commission shall1 by rule1 adopt data standards for all disclosures required under this subsection4 7,b7 ,characteristics ,the data standards required by subparagraph 7,a7 shall1 to the extent practicable-- 7i7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7ii7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7iii7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7iv7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7v7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7vi7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7,c7 ,incorporation of standards ,in adopting data standards by rule under this paragraph1 the ,commission shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 4 7e7 ,data standards for corporate disclosures under the ,securities ,act of #aicc ,section #g of the ,securities ,act of #aicc 7#ae ,u4,s4,c4 #gg;g7 is amended by adding at the end the following3 7e7 ,data standards 7#a7 ,requirement ,the ,commission shall1 by rule1 adopt data standards for all registration statements and for all prospectuses included in registration statements required to be filed with the ,commission under this title1 except that the ,commission may exempt exhibits1 signatures1 and certifications from such data standards4 7#b7 ,characteristics ,the data standards required by paragraph 7#a7 shall1 to the extent practicable-- 7,a7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,b7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7,c7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7,d7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,e7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7,f7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7#c7 ,incorporation of standards ,in adopting data standards by rule under this subsection1 the ,commission shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 4 7f7 ,data standards for periodic and current corporate disclosures under the ,securities ,exchange ,act of #aicd ,section #ac of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #ghm7 is amended by adding at the end the following3 7s7 ,data standards 7#a7 ,requirement ,the ,commission shall1 by rule1 adopt data standards for all information contained in periodic and current reports required to be filed or furnished under this section or under section #ae7;d71 except that the ,commission may exempt exhibits1 signatures1 and certifications from such data standards4 7#b7 ,characteristics ,the data standards required by paragraph 7#a7 shall1 to the extent practicable-- 7,a7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,b7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7,c7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7,d7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,e7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7,f7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7#c7 ,incorporation of standards ,in adopting data standards by rule under this subsection1 the ,commission shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 4 7g7 ,data standards for corporate proxy and consent solicitation materials under the ,securities ,exchange ,act of #aicd ,section #ad of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #ghn7 is amended by adding at the end the following3 7k7 ,data standards for proxy and consent solicitation materials 7#a7 ,requirement ,the ,commission shall1 by rule1 adopt data standards for all information contained in any proxy or consent solicitation material prepared by an issuer for an annual meeting of the shareholders of the issuer1 except that the ,commission may exempt exhibits1 signatures1 and certifications from such data standards4 7#b7 ,characteristics ,the data standards required by paragraph 7#a7 shall1 to the extent practicable-- 7,a7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,b7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7,c7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7,d7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,e7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7,f7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7#c7 ,incorporation of standards ,in adopting data standards by rule under this subsection1 the ,commission shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 4 7h7 ,data standards for security-,based swap reporting ,section #ae;,f of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gho-#aj7 is amended by adding at the end the following3 7m7 ,data standards for security-,based swap reporting 7#a7 ,requirement ,the ,commission shall1 by rule1 adopt data standards for all reports related to security-based swaps that are required under this ,act4 7#b7 ,characteristics ,the data standards required by paragraph 7#a7 shall1 to the extent practicable-- 7,a7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,b7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7,c7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7,d7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,e7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7,f7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7#c7 ,incorporation of standards ,in adopting data standards by rule under this subsection1 the ,commission shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 4 7i7 ,rulemaking 7#a7 ,in general ,not later than the end of the #b-year period beginning on the date of the enactment of this ,act1 the ,securities and ,exchange ,commission shall issue the regulations required under the amendments made by this section4 7#b7 ,scaling of regulatory requirements ,in issuing the regulations required under the amendments made by this section1 the ,securities and ,exchange ,commission may scale data reporting requirements in order to reduce any unjustified burden on emerging growth companies1 lending institutions1 accelerated filers1 smaller reporting companies1 and other smaller issuers1 as determined by the study required under section #bje7;c71 while still providing searchable information to investors4 7#c7 ,minimizing disruption ,in issuing the regulations required under the amendments made by this section1 the ,securities and ,exchange ,commission shall seek to minimize disruptive changes to the persons affected by such regulations4 #bjb4 ,open data publication by the ,securities and ,exchange ,commission ,section #d of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gh;d7 is amended by adding at the end the following3 7j7 ,open data publication ,all public information published by the ,commission under the securities laws and the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act shall be made available as an open ,government data asset 7as defined under section #cejb of title #dd1 ,united ,states ,code71 freely available for download in bulk and rendered in a human-readable format and accessible via application programming interface where appropriate4 4 #bjc4 ,data transparency at the ,municipal ,securities ,rulemaking ,board 7a7 ,in general ,section #ae;,b7b7 of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gho-#d7;b77 is amended by adding at the end the following3 7#h7 ,data standards 7,a7 ,requirement ,if the ,board establishes information systems under paragraph 7#c71 the ,board shall adopt data standards for information submitted via such systems4 7,b7 ,characteristics ,the data standards required by subparagraph 7,a7 shall1 to the extent practicable-- 7i7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7ii7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7iii7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7iv7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7v7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7vi7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7,c7 ,incorporation of standards ,in adopting data standards under this paragraph1 the ,board shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 4 7b7 ,rulemaking 7#a7 ,in general ,not later than the end of the #b-year period beginning on the date of the enactment of this ,act1 the ,municipal ,securities ,rulemaking ,board shall issue the regulations required under the amendments made by this section4 7#b7 ,scaling of regulatory requirements ,in issuing the regulations required under the amendments made by this section1 the ,municipal ,securities ,rulemaking ,board may scale data reporting requirements in order to reduce any unjustified burden on smaller regulated entities4 7#c7 ,minimizing disruption ,in issuing the regulations required under the amendments made by this section1 the ,municipal ,securities ,rulemaking ,board shall seek to minimize disruptive changes to the persons affected by such regulations4 #bjd4 ,data transparency at national securities associations 7a7 ,in general ,section #ae;,a of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gho-#c7 is amended by adding at the end the following3 7n7 ,data standards 7#a7 ,requirement ,a national securities association registered pursuant to subsection 7a7 shall adopt data standards for all information that is regularly filed with or submitted to the association4 7#b7 ,characteristics ,the data standards required by paragraph 7#a7 shall1 to the extent practicable-- 7,a7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,b7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7,c7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7,d7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,e7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7,f7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7#c7 ,incorporation of standards ,in adopting data standards under this subsection1 the association shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 4 7b7 ,rulemaking 7#a7 ,in general ,not later than the end of the #b-year period beginning on the date of the enactment of this ,act1 a national securities association shall adopt the standards required under the amendments made by this section4 7#b7 ,scaling of regulatory requirements ,in adopting the standards required under the amendments made by this section1 a national securities association may scale data reporting requirements in order to reduce any unjustified burden on smaller regulated entities4 7#c7 ,minimizing disruption ,in adopting the standards required under the amendments made by this section1 a national securities association shall seek to minimize disruptive changes to the persons affected by such standards4 #bje4 ,shorter-term burden reduction and disclosure simplification at the ,securities and ,exchange ,commission2 sunset 7a7 ,better enforcement of the quality of corporate financial data submitted to the ,securities and ,exchange ,commission 7#a7 ,data quality improvement program ,within six months after the date of the enactment of this ,act1 the ,commission shall establish a program to improve the quality of corporate financial data filed or furnished by issuers under the ,securities ,act of #aicc1 the ,securities ,exchange ,act of #aicd1 and the ,investment ,company ,act of #aidj4 ,the program shall include the following3 7,a7 ,the designation of an official in the ,office of the ,chairman responsible for the improvement of the quality of data filed with or furnished to the ,commission by issuers4 7,b7 ,the issuance by the ,division of ,corporation ,finance of comment letters requiring correction of errors in data filings and submissions1 where necessary4 7#b7 ,goals ,in establishing the program under this section1 the ,commission shall seek to-- 7,a7 improve the quality of data filed with or furnished to the ,commission to a commercially acceptable level2 and 7,b7 make data filed with or furnished to the ,commission useful to investors4 7b7 ,report on the use of machine-,readable data for corporate disclosures 7#a7 ,in general ,not later than six months after the date of the enactment of this ,act1 and every six months thereafter1 the ,commission shall issue a report to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate on the public and internal use of machine-readable data for corporate disclosures4 7#b7 ,content ,each report required under paragraph 7#a7 shall include-- 7,a7 an identification of which corporate disclosures required under section #g of the ,securities ,act of #aicc1 section #ac of the ,securities ,exchange ,act of #aicd1 or section #ad of the ,securities ,exchange ,act of #aicd are expressed as machine-readable data and which are not2 7,b7 an analysis of the costs and benefits of the use of machine-readable data in corporate disclosure to investors1 markets1 the ,commission1 and issuers2 7,c7 a summary of enforcement actions that result from the use or analysis of machine-readable data collected under section #g of the ,securities ,act of #aicc1 section #ac of the ,securities ,exchange ,act of #aicd1 or section #ad of the ,securities ,exchange ,act of #aicd2 and 7,d7 an analysis of how the ,commission is itself using the machine-readable data collected by the ,commission4 7c7 ,sunset ,on and after the end of the #g-year period beginning on the date of the enactment of this ,act1 this section shall have no force or effect4 #bjf4 ,no new disclosure requirements ,nothing in this title or the amendments made by this title shall be construed to require the ,securities and ,exchange ,commission1 the ,municipal ,securities ,rulemaking ,board1 or a national securities association to collect additional information under the statutes amended by this title1 beyond information that was collected under such statutes before the date of the enactment of this ,act4 ,,iii ,federal ,deposit ,insurance ,corporation #cja4 ,data standards requirements for the ,federal ,deposit ,insurance ,corporation ,the ,federal ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahaa et seq47 is amended by adding at the end the following3 #eb4 ,data standards 7a7 ,requirement ,the ,corporation shall1 by rule1 adopt data standards for all information that the ,corporation receives from any depository institution or financial company under this ,act or under title ,,ii of the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act4 7b7 ,characteristics ,the data standards required by subsection 7a7 shall1 to the extent practicable-- 7#a7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7#b7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7#c7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7#d7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7#e7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7#f7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7c7 ,incorporation of standards ,in adopting data standards by rule under this section1 the ,corporation shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 7d7 ,financial company defined ,for purposes of this section1 the term financial company has the meaning given that term under section #bja7;a7 of the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act 7#ab ,u4,s4,c4 #echa7;a774 4 #cjb4 ,open data publication by the ,federal ,deposit ,insurance ,corporation ,the ,federal ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahaa et seq471 as amended by section #cja1 is further amended by adding at the end the following3 #ec4 ,open data publication ,all public information published by the ,corporation under this ,act or under the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act shall be made available as an open ,government data asset 7as defined under section #cejb of title #dd1 ,united ,states ,code71 freely available for download in bulk and rendered in a human-readable format and accessible via application programming interface where appropriate4 4 #cjc4 ,rulemaking 7a7 ,in general ,not later than the end of the #b-year period beginning on the date of the enactment of this ,act1 the ,federal ,deposit ,insurance ,corporation shall issue the regulations required under the amendments made by this title4 7b7 ,scaling of regulatory requirements ,in issuing the regulations required under the amendments made by this title1 the ,federal ,deposit ,insurance ,corporation may scale data reporting requirements in order to reduce any unjustified burden on smaller regulated entities4 7c7 ,minimizing disruption ,in issuing the regulations required under the amendments made by this title1 the ,federal ,deposit ,insurance ,corporation shall seek to minimize disruptive changes to the persons affected by such regulations4 #cjd4 ,no new disclosure requirements ,nothing in this title or the amendments made by this title shall be construed to require the ,federal ,deposit ,insurance ,corporation to collect additional information under the statutes amended by this title1 beyond information that was collected under such statutes before the date of the enactment of this ,act4 ,,iv ,office of the ,comptroller of the ,currency #dja4 ,data standards and open data publication requirements for the ,office of the ,comptroller of the ,currency ,the ,revised ,statutes of the ,united ,states is amended by inserting after section #ccb 7#ab ,u4,s4,c4 #ad7 the following3 #ccc4 ,data standards2 ,open data publication 7a7 ,data standards 7#a7 ,requirement ,the ,comptroller of the ,currency shall1 by rule1 adopt data standards for all information that is regularly filed with or submitted to the ,comptroller of the ,currency by any entity with respect to which the ,office of the ,comptroller of the ,currency is the appropriate ,federal banking agency 7as defined under section #c of the ,federal ,deposit ,insurance ,act74 7#b7 ,characteristics ,the data standards required by paragraph 7#a7 shall1 to the extent practicable-- 7,a7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,b7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7,c7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7,d7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,e7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7,f7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7#c7 ,incorporation of standards ,in adopting data standards by rule under this subsection1 the ,comptroller of the ,currency shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 7b7 ,open data publication ,all public information published by the ,comptroller of the ,currency under title ,,lxii or the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act shall be made available as an open ,government data asset 7as defined under section #cejb of title #dd1 ,united ,states ,code71 freely available for download in bulk and rendered in a human-readable format and accessible via application programming interface where appropriate4 4 #djb4 ,rulemaking 7a7 ,in general ,not later than the end of the #b-year period beginning on the date of the enactment of this ,act1 the ,comptroller of the ,currency shall issue the regulations required under the amendments made by this title4 7b7 ,scaling of regulatory requirements ,in issuing the regulations required under the amendments made by this title1 the ,comptroller of the ,currency may scale data reporting requirements in order to reduce any unjustified burden on smaller regulated entities4 7c7 ,minimizing disruption ,in issuing the regulations required under the amendments made by this title1 the ,comptroller of the ,currency shall seek to minimize disruptive changes to the persons affected by such regulations4 #djc4 ,no new disclosure requirements ,nothing in this title or the amendments made by this title shall be construed to require the ,comptroller of the ,currency to collect additional information under the statutes amended by this title1 beyond information that was collected under such statutes before the date of the enactment of this ,act4 ,v ,bureau of ,consumer ,financial ,protection #eja4 ,data standards and open data publication requirements for the ,bureau of ,consumer ,financial ,protection 7a7 ,in general ,the ,consumer ,financial ,protection ,act of #bjaj 7#ab ,u4,s4,c4 #edha et seq47 is amended by inserting after section #ajah the following3 #ajai4 ,data standards 7a7 ,requirement ,the ,bureau shall1 by rule1 adopt data standards for all information that is regularly filed with or submitted to the ,bureau under this title4 7b7 ,characteristics ,the data standards required by subsection 7a7 shall1 to the extent practicable-- 7#a7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7#b7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7#c7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7#d7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7#e7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7#f7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7c7 ,incorporation of standards ,in adopting data standards by rule under this section1 the ,bureau shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 #ajbj4 ,open data publication ,all public information published by the ,bureau under this title shall be made available as an open ,government data asset 7as defined under section #cejb of title #dd1 ,united ,states ,code71 freely available for download in bulk and rendered in a human-readable format and accessible via application programming interface where appropriate4 4 7b7 ,clerical amendment ,the table of contents under section #a7;b7 of the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act is amended by inserting after the item relating to section #ajah the following3 ,sec4 #ajai4 ,data standards4 ,sec4 #ajbj4 ,open data publication4 4 #ejb4 ,rulemaking 7a7 ,in general ,not later than the end of the #b-year period beginning on the date of the enactment of this ,act1 the ,bureau of ,consumer ,financial ,protection shall issue the regulations required under the amendments made by this title4 7b7 ,scaling of regulatory requirements ,in issuing the regulations required under the amendments made by this title1 the ,bureau of ,consumer ,financial ,protection may scale data reporting requirements in order to reduce any unjustified burden on smaller regulated entities4 7c7 ,minimizing disruption ,in issuing the regulations required under the amendments made by this title1 the ,bureau of ,consumer ,financial ,protection shall seek to minimize disruptive changes to the persons affected by such regulations4 #ejc4 ,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 title1 beyond information that was collected under such statutes before the date of the enactment of this ,act4 ,,vi ,federal ,reserve ,system #fja4 ,data standards requirements for the ,board of ,governors of the ,federal ,reserve ,system 7a7 ,data standards for information filed or submitted by nonbank financial companies ,section #afa7;a7 of the ,financial ,stability ,act of #bjaj 7#ab ,u4,s4,c4 #ecfa7;a77 is amended by adding at the end the following3 7#d7 ,data standards for reports under this subsection 7,a7 ,in general ,the ,board of ,governors shall adopt data standards for all financial data that is regularly filed with or submitted to the ,board of ,governors by any nonbank financial company pursuant to this subsection4 7,b7 ,characteristics ,the data standards required by this section shall1 to the extent practicable-- 7i7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7ii7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7iii7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7iv7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7v7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7vi7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7,c7 ,incorporation of standards ,in adopting data standards by rule under this paragraph1 the ,board of ,governors shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 4 7b7 ,data standards for information filed or submitted by savings and loan holding companies ,section #aj of the ,home ,owners' ,loan ,act 7#ab ,u4,s4,c4 #adfg;a7 is amended by adding at the end the following3 7u7 ,data standards 7#a7 ,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 company1 or subsidiary of a savings and loan holding company1 other than a depository institution1 under this section4 7#b7 ,characteristics ,the data standards required by this subsection shall1 to the extent practicable-- 7,a7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,b7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7,c7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7,d7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,e7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7,f7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7#c7 ,incorporation of standards ,in adopting data standards by rule under this section1 the ,board of ,governors shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 4 7c7 ,data standards for information filed or submitted by bank holding companies ,section #e of the ,bank ,holding ,company ,act of #aief 7#ab ,u4,s4,c4 #ahdd7 is amended by adding at the end the following3 7h7 ,data standards 7#a7 ,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 7c74 7#b7 ,characteristics ,the data standards required by this subsection shall1 to the extent practicable-- 7,a7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,b7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7,c7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7,d7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,e7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7,f7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7#c7 ,incorporation of standards ,in adopting data standards under this subsection1 the ,board shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 4 7d7 ,data standards for information submitted by financial market utilities or institutions under the ,payment1 ,clearing1 and ,settlement ,supervision ,act of #bjaj ,section #hji of the ,payment1 ,clearing1 and ,settlement ,supervision ,act of #bjaj 7#ab ,u4,s4,c4 #edfh7 is amended by adding at the end the following3 7h7 ,data standards 7#a7 ,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 7a7 or 7b74 7#b7 ,characteristics ,the data standards required by this subsection shall1 to the extent practicable-- 7,a7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,b7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7,c7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7,d7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7,e7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7,f7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7#c7 ,incorporation of standards ,in adopting data standards under this subsection1 the ,board of ,governors shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 4 #fjb4 ,open data publication by the ,board of ,governors of the ,federal ,reserve ,system ,the ,federal ,reserve ,act 7#ab ,u4,s4,c4 #bbf et seq47 is amended by adding at the end the following3 #cb4 ,open data publication by the ,board of ,governors ,all public information published by the ,board of ,governors under this ,act1 the ,bank ,holding ,company ,act of #aief1 the ,financial ,stability ,act of #bjaj1 the ,home ,owners' ,loan ,act1 the ,payment1 ,clearing1 and ,settlement ,supervision ,act of #bjaj1 or the ,enhancing ,financial ,institution ,safety and ,soundness ,act of #bjaj shall be made available as an open ,government data asset 7as defined under section #cejb of title #dd1 ,united ,states ,code71 freely available for download in bulk and rendered in a human-readable format and accessible via application programming interface where appropriate4 4 #fjc4 ,rulemaking 7a7 ,in general ,not later than the end of the #b-year period beginning on the date of the enactment of this ,act1 the ,board of ,governors of the ,federal ,reserve ,system shall issue the regulations required under the amendments made by this title4 7b7 ,scaling of regulatory requirements ,in issuing the regulations required under the amendments made by this title1 the ,board of ,governors of the ,federal ,reserve ,system may scale data reporting requirements in order to reduce any unjustified burden on smaller regulated entities4 7c7 ,minimizing disruption ,in issuing the regulations required under the amendments made by this title1 the ,board of ,governors of the ,federal ,reserve ,system shall seek to minimize disruptive changes to the persons affected by such regulations4 #fjd4 ,no new disclosure requirements ,nothing in this title or the amendments made by this title shall be construed to require the ,board of ,governors of the ,federal ,reserve ,system to collect additional information under the statutes amended by this title1 beyond information that was collected under such statutes before the date of the enactment of this ,act4 ,,vii ,commodity ,futures ,trading ,commission #gja4 ,data standards ,the ,commodity ,exchange ,act 7#g ,u4,s4,c4 #a et seq47 is amended by adding at the end the following3 #bd4 ,data standards 7a7 ,requirement ,the ,commission shall1 by rule1 adopt data standards for all information that is regularly filed with or submitted to the ,commission under this ,act1 all information that is required to be reported to a registered swap data repository under this ,act1 and all information that is required to be publicly disclosed by parties to a swap under this ,act4 7b7 ,characteristics ,the data standards required by subsection 7a7 shall1 to the extent practicable-- 7#a7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7#b7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7#c7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7#d7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7#e7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7#f7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7c7 ,incorporation of standards ,in adopting data standards by rule under this section1 the ,commission shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 4 #gjb4 ,open data publication by the ,commodity ,futures ,trading ,commission ,the ,commodity ,exchange ,act 7#g ,u4,s4,c4 #a et seq471 as amended by section #gja1 is further amended by adding at the end the following3 #be4 ,open data publication ,all public information published by the ,commission under this ,act shall be made available as an open ,government data asset 7as defined under section #cejb of title #dd1 ,united ,states ,code71 freely available for download in bulk and rendered in a human-readable format and accessible via application programming interface where appropriate4 4 #gjc4 ,rulemaking 7a7 ,in general ,not later than the end of the #b-year period beginning on the date of the enactment of this ,act1 the ,commodity ,futures ,trading ,commission shall issue the regulations required under the amendments made by this title4 7b7 ,scaling of regulatory requirements ,in issuing the regulations required under the amendments made by this title1 the ,commodity ,futures ,trading ,commission may scale data reporting requirements in order to reduce any unjustified burden on smaller regulated entities4 7c7 ,minimizing disruption ,in issuing the regulations required under the amendments made by this title1 the ,commodity ,futures ,trading ,commission shall seek to minimize disruptive changes to the persons affected by such regulations4 #gjd4 ,no new disclosure requirements ,nothing in this title or the amendments made by this title shall be construed to require the ,commodity ,futures ,trading ,commission to collect additional information under the statutes amended by this title1 beyond information that was collected under such statutes before the date of the enactment of this ,act4 ,,viii ,national ,credit ,union ,administration #hja4 ,data standards ,title ,i of the ,federal ,credit ,union ,act 7#ab ,u4,s4,c4 #ageb et seq47 is amended by adding at the end the following3 #acb4 ,data standards 7a7 ,requirement ,the ,board shall1 by rule1 adopt data standards for all information and reports regularly filed with or submitted to the ,administration under this ,act4 7b7 ,characteristics ,the data standards required by subsection 7a7 shall1 to the extent practicable-- 7#a7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7#b7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7#c7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7#d7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7#e7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7#f7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7c7 ,incorporation of standards ,in adopting data standards by rule under this section1 the ,board shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 4 #hjb4 ,open data publication by the ,national ,credit ,union ,administration ,title ,i of the ,federal ,credit ,union ,act 7#ab ,u4,s4,c4 #ageb et seq471 as amended by section #hja1 is further amended by adding at the end the following3 #acc4 ,open data publication ,all public information published by the ,administration under this title shall be made available as an open ,government data asset 7as defined under section #cejb of title #dd1 ,united ,states ,code71 freely available for download in bulk and rendered in a human-readable format and accessible via application programming interface where appropriate4 4 #hjc4 ,rulemaking 7a7 ,in general ,not later than the end of the #b-year period beginning on the date of the enactment of this ,act1 the ,national ,credit ,union ,administration ,board shall issue the regulations required under the amendments made by this title4 7b7 ,scaling of regulatory requirements ,in issuing the regulations required under the amendments made by this title1 the ,national ,credit ,union ,administration ,board may scale data reporting requirements in order to reduce any unjustified burden on smaller regulated entities4 7c7 ,minimizing disruption ,in issuing the regulations required under the amendments made by this title1 the ,national ,credit ,union ,administration ,board shall seek to minimize disruptive changes to the persons affected by such regulations4 #hjd4 ,no new disclosure requirements ,nothing in this title or the amendments made by this title shall be construed to require the ,national ,credit ,union ,administration ,board to collect additional information under the statutes amended by this title1 beyond information that was collected under such statutes before the date of the enactment of this ,act4 ,,ix ,federal ,housing ,finance ,agency #ija4 ,data standards requirements for the ,federal ,housing ,finance ,agency ,part #a of subtitle ,a of the ,federal ,housing ,enterprises ,financial ,safety and ,soundness ,act of #aiib 7#ab ,u4,s4,c4 #deja et seq47 is amended by adding at the end the following3 #acai;,h4 ,data standards 7a7 ,requirement ,the ,agency shall1 by rule1 adopt data standards for all information that is regularly filed with or submitted to the ,agency under this ,act4 7b7 ,characteristics ,the data standards required by subsection 7a7 shall1 to the extent practicable-- 7#a7 render data fully searchable and machine-readable 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7#b7 enable high quality data through schemas1 with accompanying metadata 7as defined under section #cejb of title #dd1 ,united ,states ,code7 documented in machine-readable taxonomy or ontology models1 which clearly define the data's semantic meaning as defined by the underlying regulatory information collection requirements2 7#c7 assure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata2 7#d7 be nonproprietary or made available under an open license 7as defined under section #cejb of title #dd1 ,united ,states ,code72 7#e7 incorporate standards developed and maintained by voluntary consensus standards bodies2 and 7#f7 use1 be consistent with1 and implement applicable accounting and reporting principles4 7c7 ,incorporation of standards ,in adopting data standards by rule under this section1 the ,agency shall incorporate all applicable data standards promulgated by the ,secretary of the ,treasury4 4 #ijb4 ,open data publication by the ,federal ,housing ,finance ,agency ,part #a of subtitle ,a of the ,federal ,housing ,enterprises ,financial ,safety and ,soundness ,act of #aiib 7#ab ,u4,s4,c4 #deja et seq471 as amended by section #ija1 is further amended by adding at the end the following3 #acai;,i4 ,open data publication ,all public information published by the ,agency under this ,act shall be made available as an open ,government data asset 7as defined under section #cejb of title #dd1 ,united ,states ,code71 freely available for download in bulk and rendered in a human-readable format and accessible via application programming interface where appropriate 4 #ijc4 ,rulemaking 7a7 ,in general ,not later than the end of the #b-year period beginning on the date of the enactment of this ,act1 the ,federal ,housing ,finance ,agency shall issue the regulations required under the amendments made by this title4 7b7 ,minimizing disruption ,in issuing the regulations required under the amendments made by this title1 the ,federal ,housing ,finance ,agency shall seek to minimize disruptive changes to the persons affected by such regulations4 #ijd4 ,no new disclosure requirements ,nothing in this title or the amendments made by this title shall be construed to require the ,federal ,housing ,finance ,agency to collect additional information under the statutes amended by this title1 beyond information that was collected under such statutes before the date of the enactment of this ,act4 ,x ,miscellaneous #ajja4 ,rule of construction ,nothing in this ,act or the amendments made by this ,act may be construed to alter the existing legal protections of copyrighted material or other intellectual property rights of any non-,federal person4