,,ii  #aag? ,,congress  #b;d ,session   
,s4 #dbie  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #bd1 #bjbb,mr4    
,w>n] 7= himself & ,mr4 ,crapo7         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d securities & bank+ laws
 to make ! in=mation report$ to f9ancial
 regulatory ag5cies electronically      
se>*able1 to fur!r enable ! developm5t (
 regulatory te*nologies & artificial    
intellig5ce applications1 to put !      
,unit$ ,/ates on a pa? t[>ds build+ a   
compreh5sive ,/&>d ,bus9ess ,report+    
program to ultimately h>monize & r$uce !
 private sector's regulatory compliance 
burd51 :ile enhanc+ transp>5cy &        
acc\ntability1 & = o!r purposes4  #a4   
,%ort title2 table ( cont5ts  7a7 ,%ort 
title ,?is ,act may be cit$ z !         
,f9ancial ,data ,transp>5cy ,act (      
#bjbb4  7b7 ,table ( cont5ts ,! table ( 
cont5ts = ?is ,act is z foll[s3 ,sec4   
#a4 ,%ort title2 table ( cont5ts4,,title

 ,i--,data /&>ds = cov]$ ag5cies2       
,dep>tm5t ( ! ,treasury rulemaking,sec4 
#aja4 ,data /&>ds4,sec4 #ajb4 ,op5 data 
publication by ! ,dep>tm5t ( !          
,treasury4,sec4 #ajc4 ,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] ( ! ,currency,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$]al       
,res]ve ,system,sec4 #fja4 ,data /&>ds  
requirem5ts = ! ,bo>d ( ,gov]nors ( !   
,f$]al ,res]ve ,sy/em4,sec4 #fjb4 ,op5  
data publication by ! ,bo>d ( ,gov]nors 
( ! ,f$]al ,res]ve ,sy/em4,sec4 #fjc4   
,rulemak+4,sec4 #fjd4 ,no new disclosure
 requirem5ts4,,title ,,vii--,national   
,cr$it ,union ,administration,sec4 #gja4
 ,data /&>ds4,sec4 #gjb4 ,op5 data      
publication by ! ,national ,cr$it ,union
 ,adm9i/ration4,sec4 #gjc4              

,rulemak+4,sec4 #gjd4 ,no new disclosure
 requirem5ts4,,title ,,viii--,f$]al     
,h\s+ ,f9ance ,agency,sec4 #hja4 ,data  
/&>ds requirem5ts = ! ,f$]al ,h\s+      
,f9ance ,ag5cy4,sec4 #hjb4 ,op5 data    
publication by ! ,f$]al ,h\s+ ,f9ance   
,ag5cy4,sec4 #hjc4 ,rulemak+4,sec4 #hjd4
 ,no new disclosure requirem5ts4,,title 
,,ix--,miscellaneous,sec4 #ija4 ,rules (
 con/ruction4,sec4 #ijb4 ,classifi$ &   
protect$ in=mation4,sec4 #ijc4          
,discretion>y surplus fund4,sec4 #ijd4  
,report4,sec4 #ije4 ,det]m9ation (      
budget>y effects4  ,i ,data /&>ds =     
cov]$ ag5cies2 ,dep>tm5t ( ! ,treasury  
rulemak+  #aja4 ,data /&>ds  7a7 ,9     
g5]al ,subtitle ,a ( ! ,f9ancial        
,/ability ,act ( #bjaj 7#ab ,u4,s4,c4   
#ecba et seq47 is am5d$ by add+ at ! end
 ! foll[+3  #abd4 ,data /&>ds  7a7      
,def9itions ,9 ?is section-- 7#a7 ! t]m 
cov]$ ag5cies means-- 7,a7 ! ,dep>tm5t (
 ! ,treasury2  7,b7 ! ,bo>d ( ,gov]nors2
  7,c7 ! ,(fice ( ! ,comptroll] ( !     
,curr5cy2  7,d7 ! ,bureau2  7,e7 !      

,commission2  7,f7 ! ,corporation2  7,g7
 ! ,f$]al ,h\s+ ,f9ance ,ag5cy2  7,h7 ! 
,national ,cr$it ,union ,adm9i/ration   
,bo>d2 &  7,i7 any o!r prim>y f9ancial  
regulatory ag5cy designat$ by !         
,secret>y2  7#b7 ! t]m data /&>d means a
 /&>d t specifies rules by :i* data is  
describ$ & record$2 &  7#c7 ! t]ms      
ma*9e-readable1 metadata1 & op5 lic5se h
 ! mean+s giv5 ! t]ms 9 section #cejb ( 
title #dd1 ,unit$ ,/ates ,code4  7b7    
,promulgation ( /&>ds ,n lat] ?an #b    
ye>s aft] ! date ( enactm5t ( ?is       
section1 ! heads ( ! cov]$ ag5cies %all 
jo9tly promulgate f9al rules t e/abli%  
data /&>ds =-- 7#a7 ! collections (     
in=mation report$ to ea* cov]$ ag5cy by 
f9ancial entities "u ! jurisdiction ( ! 
cov]$ ag5cy2 &  7#b7 ! data collect$ f  
cov]$ ag5cies on behalf ( ! ,c\ncil4    
7c7 ,data /&>ds  7#a7 ,common id5tifi]s2
 quality ,! data /&>ds e/abli%$ 9 ! f9al
 rules promulgat$ "u subsection 7b7     
%all-- 7,a7 include common id5tifi]s =  
collections ( in=mation report$ to cov]$

 ag5cies or collect$ on behalf ( !      
,c\ncil1 :i* %all include a common      
nonpropriet>y legal entity id5tifi] t is
 available "u an op5 lic5se = all       
entities requir$ to report to cov]$     
ag5cies2 &  7,b7 to ! ext5t             
practicable-- 7i7 r5d] data fully       
se>*able & ma*9e-readable2  7ii7 enable 
high quality data ?r\gh s*emas1 )       
accompany+ metadata docum5t$ 9          
ma*9e-readable taxonomy or ontology     
models1 :i* cle>ly def9e ! semantic     
mean+ ( ! data1 z def9$ by ! und]ly+    
regulatory in=mation collection         
requirem5ts2  7iii7 ensure t a data     
elem5t or data asset t exi/s to satisfy 
an und]ly+ regulatory in=mation         
collection requirem5t be consi/5tly     
id5tifi$ z su* 9 associat$              
ma*9e-readable metadata2  7iv7 be       
nonpropriet>y or made available "u an   
op5 lic5se2  7v7 incorporate /&>ds      
develop$ & ma9ta9$ by volunt>y cons5sus 
/&>ds bodies2 &  7vi7 use1 be consi/5t  
)1 & implem5t applicable acc\nt+ &      

report+ pr9ciples4  7#b7 ,consultation2 
int]op]ability ,9 e/abli%+ data /&>ds 9 
! f9al rules promulgat$ "u subsection   
7b71 ! heads ( ! cov]$ ag5cies %all--   
7,a7 consult ) o!r ,f$]al dep>tm5ts &   
ag5cies & multi-ag5cy initiatives       
responsible = ,f$]al data /&>ds2 &  7,b7
 seek to promote int]op]ability (       
f9ancial regulatory data across memb]s (
 ! ,c\ncil4  7d7 ,effective date ,! data
 /&>ds e/abli%$ 9 ! f9al rules          
promulgat$ "u subsection 7b7 %all take  
effect n lat] ?an #b ye>s aft] ! date on
 :i* ^? f9al rules are promulgat$ "u t  
subsection4  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    
#abc ! foll[+3  ,sec4 #abd4 ,data /&>ds4
  4  #ajb4 ,op5 data publication by !   
,dep>tm5t ( ! ,treasury  7a7 ,9 g5]al   
,subtitle ,a ( ! ,f9ancial ,/ability    
,act ( #bjaj 7#ab ,u4,s4,c4 #ecba et    
seq471 z am5d$ by section #aja7;a71 is  

fur!r am5d$ by add+ at ! end ! foll[+3  
#abe4 ,op5 data publication ,all public 
data assets publi%$ by ! ,secret>y "u   
?is subtitle %all be-- 7#a7 made        
available z an op5 ,gov]nm5t data asset 
7z def9$ 9 section #cejb ( title #dd1   
,unit$ ,/ates ,code72  7#b7 freely      
available = d[nload 9 bulk2  7#c7 r5d]$ 
9 a human-readable =mat2 &  7#d7        
accessible via application programm+    
int]face :]e appropriate4  4  7b7       
,cl]ical am5dm5t ,! table ( cont5ts "u  
section #a7;b7 ( ! ,dodd-,frank ,wall   
,/reet ,re=m & ,consum] ,protection     
,act1 z am5d$ by section #aja7;b71 is   
fur!r am5d$ by ins]t+ aft] ! item relat+
 to section #abd ! foll[+3  ,sec4 #abe4 
,op5 data publication4  4  7c7 ,rulemak+
 ,! ,secret>y ( ! ,treasury %all issue  
rules to c>ry out ! am5dm5ts made by ?is
 section1 :i* %all take effect n lat]   
?an #b ye>s aft] ! date on :i* f9al     
rules are promulgat$ "u section #abd7;b7
 ( ! ,f9ancial ,/ability ,act ( #bjaj1 z
 add$ by section #aja7;a7 ( ?is ,act4   

#ajc4 ,no new disclosure requirem5ts    
,no?+ 9 ?is title1 or ! am5dm5ts made by
 ?is title1 %all be con/ru$ to require !
 ,secret>y ( ! ,treasury to collect or  
make publicly available additional      
in=mation "u ! ,f9ancial ,/ability ,act 
( #bjaj 7#ab ,u4,s4,c4 #ecaa et seq471  
beyond in=mation t 0 collect$ or made   
publicly available "u t ,act1 z ( ! day 
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       
,consi/5cy ,! data /&>ds requir$ "u     
p>agraph 7#a7 %all incorporate1 & ensure
 compatibility ) 7to ! ext5t feasible71 
all applicable data /&>ds e/abli%$ 9 !  
rules promulgat$ "u section #abd ( !    
,f9ancial ,/ability ,act ( #bjaj1       
includ+1 to ! ext5t practicable1 by hav+
 ! *>act]i/ics describ$ 9 clauses 7i7   
?r\gh 7vi7 ( subsection 7c77#a77;,b7 (  
su* section #abd4  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$--  
7#a7 9 section #h 7#ae ,u4,s4,c4        
#hj;a-#h71 by add+ at ! end ! foll[+3   
7g7 ,data /&>ds = regi/ration /atem5ts  
7#a7 ,requirem5t ,! ,commission %all1 by
 rule1 adopt data /&>ds = all           
regi/ration /atem5ts requir$ to be fil$ 
) ! ,commission "u ?is section1 except t
 ! ,commission may exempt exhibits1     
signatures1 & c]tifications f ^? data   
/&>ds4  7#b7 ,consi/5cy ,! data /&>ds   

requir$ "u p>agraph 7#a7 %all           
incorporate1 & ensure compatibility )   
7to ! ext5t feasible71 all applicable   
data /&>ds e/abli%$ 9 ! rules promulgat$
 "u section #abd ( ! ,f9ancial ,/ability
 ,act ( #bjaj1 includ+1 to ! ext5t      
practicable1 by hav+ ! *>act]i/ics      
describ$ 9 clauses 7i7 ?r\gh 7vi7 (     
subsection 7c77#a77;,b7 ( su* section   
#abd4  2 &  7#b7 9 section #cj 7#ae     
,u4,s4,c4 #hj;a-#bi71 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 ^? data /&>ds4  7#b7    
,consi/5cy ,! data /&>ds requir$ "u     
p>agraph 7#a7 %all incorporate1 & ensure
 compatibility ) 7to ! ext5t feasible71 
all applicable data /&>ds e/abli%$ 9 !  
rules promulgat$ "u section #abd ( !    
,f9ancial ,/ability ,act ( #bjaj1       
includ+1 to ! ext5t practicable1 by hav+

 ! *>act]i/ics describ$ 9 clauses 7i7   
?r\gh 7vi7 ( subsection 7c77#a77;,b7 (  
su* section #abd4  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 collections
 ( in=mation requir$ to be submitt$ or  
publi%$ by a nationally recogniz$       
/ati/ical rat+ organization "u ?is      
section4  7#b7 ,consi/5cy ,! data /&>ds 
requir$ "u p>agraph 7#a7 %all           
incorporate1 & ensure compatibility )   
7to ! ext5t feasible71 all applicable   
data /&>ds e/abli%$ 9 ! rules promulgat$
 "u section #abd ( ! ,f9ancial ,/ability
 ,act ( #bjaj1 includ+1 to ! ext5t      
practicable1 by hav+ ! *>act]i/ics      
describ$ 9 clauses 7i7 ?r\gh 7vi7 (     

subsection 7c77#a77;,b7 ( su* section   
#abd4  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       
,consi/5cy ,! data /&>ds requir$ "u     
subp>agraph 7,a7 %all incorporate1 &    
ensure compatibility ) 7to ! ext5t      
feasible71 all applicable data /&>ds    
e/abli%$ 9 ! rules promulgat$ "u section
 #abd ( ! ,f9ancial ,/ability ,act (    
#bjaj1 includ+1 to ! ext5t practicable1 
by hav+ ! *>act]i/ics describ$ 9 clauses
 7i7 ?r\gh 7vi7 ( subsection            
7c77#a77;,b7 ( su* section #abd4  4  7e7
 ,data /&>ds = corporate disclosures "u 
! ,securities ,act ( #aicc ,title ,i ( !
 ,securities ,act ( #aicc 7#ae ,u4,s4,c4
 #gg;a et seq47 is am5d$ by add+ at !   
end ! foll[+3  #bi4 ,data /&>ds  7a7    

,requirem5t ,! ,commission %all1 by     
rule1 adopt data /&>ds = all regi/ration
 /atem5ts1 & = all prospectuses includ$ 
9 regi/ration /atem5ts1 requir$ to be   
fil$ ) ! ,commission "u ?is title1      
except t ! ,commission may exempt       
exhibits1 signatures1 & c]tifications f 
^? data /&>ds4  7b7 ,consi/5cy ,! data  
/&>ds requir$ "u subsection 7a7 %all    
incorporate1 & ensure compatibility )   
7to ! ext5t feasible71 all applicable   
data /&>ds e/abli%$ 9 ! rules promulgat$
 "u section #abd ( ! ,f9ancial ,/ability
 ,act ( #bjaj1 includ+1 to ! ext5t      
practicable1 by hav+ ! *>act]i/ics      
describ$ 9 clauses 7i7 ?r\gh 7vi7 (     
subsection 7c77#a77;,b7 ( su* section   
#abd4  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 collections ( in=mation )   
respect to 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 ^? data   
/&>ds4  7#b7 ,consi/5cy ,! data /&>ds   
requir$ "u p>agraph 7#a7 %all           
incorporate1 & ensure compatibility )   
7to ! ext5t feasible71 all applicable   
data /&>ds e/abli%$ 9 ! rules promulgat$
 "u section #abd ( ! ,f9ancial ,/ability
 ,act ( #bjaj1 includ+1 to ! ext5t      
practicable1 by hav+ ! *>act]i/ics      
describ$ 9 clauses 7i7 ?r\gh 7vi7 (     
subsection 7c77#a77;,b7 ( su* section   
#abd4  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 ^? data   
/&>ds4  7#b7 ,consi/5cy ,! data /&>ds   
requir$ "u p>agraph 7#a7 %all           
incorporate1 & ensure compatibility )   
7to ! ext5t feasible71 all applicable   
data /&>ds e/abli%$ 9 ! rules promulgat$
 "u section #abd ( ! ,f9ancial ,/ability
 ,act ( #bjaj1 includ+1 to ! ext5t      
practicable1 by hav+ ! *>act]i/ics      
describ$ 9 clauses 7i7 ?r\gh 7vi7 (     
subsection 7c77#a77;,b7 ( su* section   
#abd4  4  7h7 ,data /&>ds =             
security-,bas$ swap report+ ,!          
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gh;a et seq47 is am5d$ by    
add+ at ! end ! foll[+3  #da4 ,data     
/&>ds = security-,bas$ swap report+  7a7
 ,requirem5t ,! ,commission %all1 by    
rule1 adopt data /&>ds = all reports    
relat$ to security-bas$ swaps t are     

requir$ "u ?is ,act4  7b7 ,consi/5cy ,! 
data /&>ds requir$ "u subsection 7a7    
%all incorporate1 & ensure compatibility
 ) 7to ! ext5t feasible71 all applicable
 data /&>ds e/abli%$ 9 ! rules          
promulgat$ "u section #abd ( ! ,f9ancial
 ,/ability ,act ( #bjaj1 includ+1 to !  
ext5t practicable1 by hav+ ! *>act]i/ics
 describ$ 9 clauses 7i7 ?r\gh 7vi7 (    
subsection 7c77#a77;,b7 ( su* section   
#abd4  4  7i7 ,rulemak+  7#a7 ,9 g5]al  
,! rules t ! ,securities & ,ex*ange     
,commission are requir$ to issue "u !   
am5dm5ts made by ?is section %all take  
effect n lat] ?an #b ye>s aft] ! date on
 :i* f9al rules are promulgat$ "u       
section #abd7;b7 ( ! ,f9ancial ,/ability
 ,act ( #bjaj1 z add$ by section        
#aja7;a7 ( ?is ,act4  7#b7 ,scal+ (     
regulatory requirem5ts2 m9imiz+         
disruption ,9 issu+ ! rules requir$ "u !
 am5dm5ts made by ?is section1 z        
describ$ 9 p>agraph 7#a71 ! ,securities 
& ,ex*ange ,commission-- 7,a7 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 any /udy    
requir$ "u section #bje7;b71 :ile /ill  
provid+ se>*able in=mation to inve/ors2 
&  7,b7 %all seek to m9imize disruptive 
*anges to ! p]sons affect$ by ^? rules4 
#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  7k7   
,op5 data publication ,all public data  
assets publi%$ by ! ,commission "u !    
securities laws & ! ,dodd-,frank ,wall  
,/reet ,re=m & ,consum] ,protection ,act
 7,public ,law #aaa-bjc2 #abd ,/at4     
#acgf7 %all be-- 7#a7 made available z  
an op5 ,gov]nm5t data asset 7z def9$ 9  
section #cejb ( title #dd1 ,unit$ ,/ates
 ,code72  7#b7 freely available =       
d[nload 9 bulk2  7#c7 r5d]$ 9 a         
human-readable =mat2 &  7#d7 accessible 
via application programm+ int]face :]e  

appropriate4  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 7,a7 ,if !
 ,bo>d e/abli%es in=mation sy/ems "u    
p>agraph 7#c71 ! ,bo>d %all adopt data  
/&>ds = in=mation submitt$ ?r\gh ^?     
sy/ems4  7,b7 ,any data /&>ds adopt$ "u 
subp>agraph 7,a7 %all incorporate1 &    
ensure compatibility ) 7to ! ext5t      
feasible71 all applicable data /&>ds    
e/abli%$ 9 ! rules promulgat$ "u section
 #abd ( ! ,f9ancial ,/ability ,act (    
#bjaj1 includ+1 to ! ext5t practicable1 
by hav+ ! *>act]i/ics describ$ 9 clauses
 7i7 ?r\gh 7vi7 ( subsection            
7c77#a77;,b7 ( su* section #abd4  4  7b7
 ,rulemak+  7#a7 ,9 g5]al ,n lat] ?an #b
 ye>s aft] ! date on :i* f9al rules are 
promulgat$ "u section #abd7;b7 ( !      
,f9ancial ,/ability ,act ( #bjaj1 z add$
 by section #aja7;a7 ( ?is ,act1 !      
,municipal ,securities ,rulemak+ ,bo>d  

%all issue rules to adopt ! /&>ds       
requir$ "u p>agraph 7#h7 ( section      
#ae;,b7b7 ( ! ,securities ,ex*ange ,act 
( #aicd 7#ae ,u4,s4,c4 #gho-#d7;b771 z  
add$ by subsection 7a71 if ! ,bo>d has  
e/abli%$ in=mation sy/ems "u p>agraph   
7#c7 ( su* section #ae;,b7b74  7#b7     
,scal+ ( regulatory requirem5ts2 m9imiz+
 disruption ,9 issu+ ! rules describ$ 9 
p>agraph 7#a71 ! ,municipal ,securities 
,rulemak+ ,bo>d-- 7,a7 may scale data   
report+ requirem5ts 9 ord] to r$uce any 
unju/ifi$ burd5 on small] regulat$      
entities2 &  7,b7 %all seek to m9imize  
disruptive *anges to ! p]sons affect$ by
 ^? 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        
,consi/5cy ,! data /&>ds requir$ "u     
p>agraph 7#a7 %all incorporate1 & ensure
 compatibility ) 7to ! ext5t feasible71 
all applicable data /&>ds e/abli%$ 9 !  
rules promulgat$ "u section #abd ( !    
,f9ancial ,/ability ,act ( #bjaj1       
includ+1 to ! ext5t practicable1 by hav+
 ! *>act]i/ics describ$ 9 clauses 7i7   
?r\gh 7vi7 ( subsection 7c77#a77;,b7 (  
su* section #abd4  4  7b7 ,rulemak+     
7#a7 ,9 g5]al ,n lat] ?an #b ye>s aft] !
 date on :i* f9al rules are promulgat$  
"u section #abd7;b7 ( ! ,f9ancial       
,/ability ,act ( #bjaj1 z add$ by       
section #aja7;a7 ( ?is ,act1 ea*        
national securities association regi/]$ 
pursuant to section #ae;,a7a7 ( !       
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gho-#c7;a77 %all issue rules 
to adopt ! /&>ds requir$ "u subsection  
7n7 ( section #ae;,a ( ! ,securities    
,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    
#gho-#c71 z add$ by subsection 7a7 ( ?is
 section4  7#b7 ,scal+ ( regulatory     

requirem5ts2 m9imiz+ disruption ,9 issu+
 ! rules requir$ "u p>agraph 7#a71 a    
national securities association describ$
 9 t p>agraph-- 7,a7 may scale data     
report+ requirem5ts 9 ord] to r$uce any 
unju/ifi$ burd5 on small] regulat$      
entities2 &  7,b7 %all seek to m9imize  
disruptive *anges to ! p]sons affect$ by
 ^? /&>ds4  #bje4 ,%ort]-t]m burd5      
r$uction & disclosure simplification at 
! ,securities & ,ex*ange ,commission2   
sunset  7a7 ,bett] en=cem5t ( ! quality 
( corporate f9ancial data submitt$ to ! 
,securities & ,ex*ange ,commission  7#a7
 ,data quality improvem5t program  7,a7 
,9 g5]al ,n lat] ?an #ahj days aft] !   
date ( enactm5t ( ?is ,act1 !           
,securities & ,ex*ange ,commission %all 
e/abli% a program to improve ! quality (
 corporate f9ancial data fil$ or furni%$
 by issu]s "u ! ,securities ,act ( #aicc
 7#ae ,u4,s4,c4 #gg;a et seq471 !       
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gh;a et seq471 & ! ,inve/m5t 
,company ,act ( #aidj 7#ae ,u4,s4,c4    

#hj;a-#a et seq474  7,b7 ,cont5ts ,!    
program e/abli%$ "u subp>agraph 7,a7    
%all include ! foll[+3 7i7 ,!           
designation ( an (ficial 9 ! ,(fice ( ! 
,*airman ( ! ,securities & ,ex*ange     
,commission responsible = ! improvem5t (
 ! quality ( data fil$ ) or furni%$ to !
 ,commission by issu]s4  7ii7 ,!        
issuance by ! ,division ( ,corporation  
,f9ance ( ! ,securities & ,ex*ange      
,commission ( comm5t lett]s requir+     
correction ( errors 9 data fil+s &      
submissions1 :]e necess>y4  7#b7 ,goals 
,9 e/abli%+ ! program requir$ "u ?is    
subsection1 ! ,securities & ,ex*ange    
,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  7b7 ,report on ! use (       
ma*9e-,readable data = corporate        
disclosures  7#a7 ,9 g5]al ,n lat] ?an  
#ahj days aft] ! date ( enactm5t ( ?is  
,act1 & once e #ahj days !reaft]1 !     

,securities & ,ex*ange ,commission %all 
submit to ! ,committee on ,bank+1 ,h\s+1
 & ,urban ,affairs ( ! ,s5ate & !       
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives a report reg>d+ 
! public & int]nal 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 ( #aicc 7#ae ,u4,s4,c4 
#gg;g71 section #ac ( ! ,securities     
,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    
#ghm71 & section #ad ( ! ,securities    
,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    
#ghn7 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 ! ,securities & ,ex*ange        
,commission1 & issu]s2  7,c7 a summ>y ( 
en=cem5t actions t result f ! use or    
analysis ( ma*9e-readable data collect$ 
"u ! provisions ( law describ$ 9        

subp>agraph 7,a72 &  7,d7 an analysis ( 
h[ ! ,securities & ,ex*ange ,commission 
uses ! ma*9e-readable data collect$ by !
 ,commission4  7c7 ,sunset ,beg9n+ on ! 
date t is #g ye>s aft] ! date ( enactm5t
 ( ?is ,act1 ?is section %all h no =ce  
or effect4  #bjf4 ,no new disclosure    
requirem5ts ,no?+ 9 ?is title1 or !     
am5dm5ts made by ?is title1 %all be     
con/ru$ to require ! ,securities &      
,ex*ange ,commission1 ! ,municipal      
,securities ,rulemak+ ,bo>d1 or any     
national securities association to      
collect or make publicly available      
additional in=mation "u ! provisions (  
law am5d$ by ?is title 7or "u any       
provision ( law ref]5c$ 9 an am5dm5t    
made by ?is title71 beyond in=mation t 0
 collect$ or made publicly available "u 
any su* provision1 z ( ! day 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  #eb4 ,data     
/&>ds  7a7 ,def9ition ,9 ?is section1 ! 
t]m f9ancial company has ! mean+ giv5 ! 
t]m 9 section #bja7;a7 ( ! ,dodd-,frank 
,wall ,/reet ,re=m & ,consum]           
,protection ,act 7#ab ,u4,s4,c4         
#echa7;a774  7b7 ,requirem5t ,!         
,corporation %all1 by rule1 adopt data  
/&>ds = all collections ( in=mation )   
respect to in=mation receiv$ by !       
,corporation f any depository in/itution
 or f9ancial company "u ?is ,act or "u  
title ,,ii ( ! ,dodd-,frank ,wall ,/reet
 ,re=m & ,consum] ,protection ,act 7#ab 
,u4,s4,c4 #echa et seq474  7c7          
,consi/5cy ,! data /&>ds requir$ "u     
subsection 7b7 %all incorporate1 &      
ensure compatibility ) 7to ! ext5t      
feasible71 all applicable data /&>ds    
e/abli%$ 9 ! rules promulgat$ "u section
 #abd ( ! ,f9ancial ,/ability ,act (    
#bjaj1 includ+1 to ! ext5t practicable1 
by hav+ ! *>act]i/ics describ$ 9 clauses
 7i7 ?r\gh 7vi7 ( subsection            

7c77#a77;,b7 ( su* section #abd4  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  #ec4 ,op5 data         
publication ,all public data assets     
publi%$ by ! ,corporation "u ?is ,act or
 "u ! ,dodd-,frank ,wall ,/reet ,re=m & 
,consum] ,protection ,act 7,public ,law 
#aaa-bjc2 #abd ,/at4 #acgf7 %all be--   
7#a7 made available z an op5 ,gov]nm5t  
data asset 7z def9$ 9 section #cejb (   
title #dd1 ,unit$ ,/ates ,code72  7#b7  
freely available = d[nload 9 bulk2  7#c7
 r5d]$ 9 a human-readable =mat2 &  7#d7 
accessible via application programm+    
int]face :]e appropriate4  4  #cjc4     
,rulemak+  7a7 ,9 g5]al ,! ,f$]al       
,deposit ,insurance ,corporation %all   
issue rules to c>ry out ! am5dm5ts made 
by ?is title1 :i* %all take effect n    
lat] ?an #b ye>s aft] ! date on :i* f9al
 rules are promulgat$ "u section        

#abd7;b7 ( ! ,f9ancial ,/ability ,act ( 
#bjaj1 z add$ by section #aja7;a7 ( ?is 
,act4  7b7 ,scal+ ( regulatory          
requirem5ts2 m9imiz+ disruption ,9 issu+
 ! rules requir$ "u subsection 7a71 !   
,f$]al ,deposit ,insurance              
,corporation-- 7#a7 may scale data      
report+ requirem5ts 9 ord] to r$uce any 
unju/ifi$ burd5 on small] regulat$      
entities2 &  7#b7 %all seek to m9imize  
disruptive *anges to ! p]sons affect$ by
 ^? regulations4  #cjd4 ,no new         
disclosure requirem5ts ,no?+ 9 ?is      
title1 or ! am5dm5ts made by ?is title1 
%all be con/ru$ to require ! ,f$]al     
,deposit ,insurance ,corporation to     
collect or make publicly available      
additional in=mation "u ! ,acts am5d$ by
 ?is title 7or "u any provision ( law   
ref]5c$ 9 an am5dm5t made by ?is title71
 beyond in=mation t 0 collect$ or made  
publicly available "u any su* provision1
 z ( ! day 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   
collections ( in=mation t are regul>ly  
fil$ ) or submitt$ to ! ,comptroll] ( ! 
,curr5cy by any entity ) respect to :i* 
! ,(fice ( ! ,comptroll] ( ! ,curr5cy is
 ! appropriate ,f$]al bank+ ag5cy 7z    
def9$ 9 section #c ( ! ,f$]al ,deposit  
,insurance ,act 7#ab ,u4,s4,c4 #ahac774 
7#b7 ,consi/5cy ,! data /&>ds requir$ "u
 p>agraph 7#a7 %all incorporate1 &      
ensure compatibility ) 7to ! ext5t      
feasible71 all applicable data /&>ds    
e/abli%$ 9 ! rules promulgat$ "u section
 #abd ( ! ,f9ancial ,/ability ,act (    
#bjaj1 includ+1 to ! ext5t practicable1 
by hav+ ! *>act]i/ics describ$ 9 clauses
 7i7 ?r\gh 7vi7 ( subsection            
7c77#a77;,b7 ( su* section #abd4  7b7   

,op5 data publication ,all public data  
assets publi%$ by ! ,comptroll] ( !     
,curr5cy "u title ,,lxii or !           
,dodd-,frank ,wall ,/reet ,re=m &       
,consum] ,protection ,act 7,public ,law 
#aaa-bjc2 #abd ,/at4 #acgf7 %all be--   
7#a7 made available z an op5 ,gov]nm5t  
data asset 7z def9$ 9 section #cejb (   
title #dd1 ,unit$ ,/ates ,code72  7#b7  
freely available = d[nload 9 bulk2  7#c7
 r5d]$ 9 a human-readable =mat2 &  7#d7 
accessible via application programm+    
int]face :]e appropriate4  4  #djb4     
,rulemak+  7a7 ,9 g5]al ,! ,comptroll] (
 ! ,curr5cy %all issue rules to c>ry out
 ! am5dm5ts made by section #dja1 :i*   
%all take effect n lat] ?an #b ye>s aft]
 ! date on :i* f9al rules are promulgat$
 "u section #abd7;b7 ( ! ,f9ancial      
,/ability ,act ( #bjaj1 z add$ by       
section #aja7;a7 ( ?is ,act4  7b7 ,scal+
 ( regulatory requirem5ts2 m9imiz+      
disruption ,9 issu+ ! rules requir$ "u  
subsection 7a71 ! ,comptroll] ( !       
,curr5cy-- 7#a7 may scale data report+  

requirem5ts 9 ord] to r$uce any         
unju/ifi$ burd5 on small] regulat$      
entities2 &  7#b7 %all seek to m9imize  
disruptive *anges to ! p]sons affect$ by
 ^? regulations4  #djc4 ,no new         
disclosure requirem5ts ,no?+ 9 ?is      
title1 or ! am5dm5ts made by ?is title1 
%all be con/ru$ to require ! ,comptroll]
 ( ! ,curr5cy to collect or make        
publicly available additional in=mation 
"u ! ,revis$ ,/atutes ( ! ,unit$ ,/ates 
7or "u any o!r provision ( law ref]5c$ 9
 an am5dm5t made by ?is title71 beyond  
in=mation t 0 collect$ or made publicly 
available "u any su* provision ( law1 z 
( ! day 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 ,subtitle ,a ( ! ,consum]      
,f9ancial ,protection ,act ( #bjaj 7#ab 
,u4,s4,c4 #edia et seq47 is am5d$ by--  
7#a7 r$esignat+ section #ajah 7#ab      
,u4,s4,c4 #edia note7 z section #ajbj2 &

  7#b7 by ins]t+ aft] section #ajag 7#ab
 ,u4,s4,c4 #edig7 ! foll[+3  #ajah4     
,data /&>ds  7a7 ,requirem5t ,! ,bureau 
%all1 by rule1 adopt data /&>ds = all   
collections ( in=mation t are regul>ly  
fil$ ) or submitt$ to ! ,bureau4  7b7   
,consi/5cy ,! data /&>ds requir$ "u     
subsection 7a7 %all incorporate1 &      
ensure compatibility ) 7to ! ext5t      
feasible71 all applicable data /&>ds    
e/abli%$ 9 ! rules promulgat$ "u section
 #abd ( ! ,f9ancial ,/ability ,act (    
#bjaj1 includ+1 to ! ext5t practicable1 
by hav+ ! *>act]i/ics describ$ 9 clauses
 7i7 ?r\gh 7vi7 ( subsection            
7c77#a77;,b7 ( su* section #abd4  #ajai4
 ,op5 data publication ,all public data 
assets publi%$ by ! ,bureau %all be--   
7#a7 made available z an op5 ,gov]nm5t  
data asset 7z def9$ 9 section #cejb (   
title #dd1 ,unit$ ,/ates ,code72  7#b7  
freely available = d[nload 9 bulk2  7#c7
 r5d]$ 9 a human-readable =mat2 &  7#d7 
accessible via application programm+    
int]face :]e appropriate4  4  7b7       

,cl]ical am5dm5t ,! table ( cont5ts "u  
section #a7;b7 ( ! ,dodd-,frank ,wall   
,/reet ,re=m & ,consum] ,protection ,act
 is am5d$ by /rik+ ! item relat+ to     
section #ajah & ins]t+ ! foll[+3  ,sec4 
#ajah4 ,data /&>ds4,sec4 #ajai4 ,op5    
data publication4,sec4 #ajbj4 ,effective
 date4  4  #ejb4 ,rulemak+  7a7 ,9 g5]al
 ,! ,director ( ! ,bureau ( ,consum]    
,f9ancial ,protection %all issue rules  
to c>ry out ! am5dm5ts made by section  
#eja1 :i* %all take effect n lat] ?an #b
 ye>s aft] ! date on :i* f9al rules are 
promulgat$ "u section #abd7;b7 ( !      
,f9ancial ,/ability ,act ( #bjaj1 z add$
 by section #aja7;a7 ( ?is ,act4  7b7   
,scal+ ( regulatory requirem5ts2 m9imiz+
 disruption ,9 issu+ ! rules requir$ "u 
subsection 7a71 ! ,director ( ! ,bureau 
( ,consum] ,f9ancial ,protection-- 7#a7 
may scale data report+ requirem5ts 9    
ord] to r$uce any unju/ifi$ burd5 on    
small] regulat$ entities2 &  7#b7 %all  
seek to m9imize disruptive *anges to !  
p]sons affect$ by ^? regulations4  #ejc4

 ,no new disclosure requirem5ts ,no?+ 9 
?is title1 or ! am5dm5ts made by ?is    
title1 %all be con/ru$ to require !     
,bureau ( ,consum] ,f9ancial ,protection
 to collect or make publicly available  
additional in=mation "u ! ,consum]      
,f9ancial ,protection ,act ( #bjaj 7#ab 
,u4,s4,c4 #edha et seq471 beyond        
in=mation t 0 collect$ or made publicly 
available "u t ,act1 z ( ! day 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 in=mation t1 ?r\gh a        
collection ( in=mation1 is regul>ly fil$
 ) or submitt$ to ! ,bo>d ( ,gov]nors "u
 ?is subsection by any nonbank f9ancial 

company sup]vis$ by ! ,bo>d ( ,gov]nors 
or any subsidi>y !re(4  7,b7 ,consi/5cy 
,! data /&>ds requir$ "u subp>agraph    
7,a7 %all incorporate1 & ensure         
compatibility ) 7to ! ext5t feasible71  
all applicable data /&>ds e/abli%$ 9 !  
rules promulgat$ "u section #abd1       
includ+1 to ! ext5t practicable1 by hav+
 ! *>act]i/ics describ$ 9 clauses 7i7   
?r\gh 7vi7 ( subsection 7c77#a77;,b7 (  
section #abd4  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 t1 ?r\gh a        
collection ( in=mation1 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 ,consi/5cy ,! data /&>ds requir$ "u
 p>agraph 7#a7 %all incorporate1 &      

ensure compatibility ) 7to ! ext5t      
feasible71 all applicable data /&>ds    
e/abli%$ 9 ! rules promulgat$ "u section
 #abd ( ! ,f9ancial ,/ability ,act (    
#bjaj1 includ+1 to ! ext5t practicable1 
by hav+ ! *>act]i/ics describ$ 9 clauses
 7i7 ?r\gh 7vi7 ( subsection            
7c77#a77;,b7 ( su* section #abd4  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 t1
 ?r\gh a collection ( in=mation1 is     
regul>ly fil$ ) or submitt$ to ! ,bo>d  
by any bank hold+ company 9 a report "u 
subsection 7c74  7#b7 ,consi/5cy ,! data
 /&>ds requir$ "u p>agraph 7#a7 %all    
incorporate1 & ensure compatibility )   
7to ! ext5t feasible71 all applicable   
data /&>ds e/abli%$ 9 ! rules promulgat$
 "u section #abd ( ! ,f9ancial ,/ability
 ,act ( #bjaj1 includ+1 to ! ext5t      

practicable1 by hav+ ! *>act]i/ics      
describ$ 9 clauses 7i7 ?r\gh 7vi7 (     
subsection 7c77#a77;,b7 ( su* section   
#abd4  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 t1     
?r\gh a collection ( in=mation1 is      
regul>ly fil$ ) or submitt$ to ! ,bo>d  
or ! ,c\ncil by any f9ancial m>ket      
utility or f9ancial in/itution "u       
subsection 7a7 or 7b74  7#b7 ,consi/5cy 
,! data /&>ds requir$ "u p>agraph 7#a7  
%all incorporate1 & ensure compatibility
 ) 7to ! ext5t feasible71 all applicable
 data /&>ds e/abli%$ 9 ! rules          
promulgat$ "u section #abd ( ! ,f9ancial
 ,/ability ,act ( #bjaj1 includ+1 to !  
ext5t practicable1 by hav+ ! *>act]i/ics

 describ$ 9 clauses 7i7 ?r\gh 7vi7 (    
subsection 7c77#a77;,b7 ( su* section   
#abd4  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  #cb4 ,op5 data     
publication by ! ,bo>d ( ,gov]nors ,all 
public data assets publi%$ by ! ,bo>d ( 
,gov]nors "u ?is ,act1 ! ,bank ,hold+   
,company ,act ( #aief 7#ab ,u4,s4,c4    
#ahda et seq471 ! ,f9ancial ,/ability   
,act ( #bjaj 7#ab ,u4,s4,c4 #ecaa et    
seq471 ! ,home ,own]s' ,loan ,act 7#ab  
,u4,s4,c4 #adfa et seq471 ! ,paym5t1    
,cle>+1 & ,settlem5t ,sup]vision ,act ( 
#bjaj 7#ab ,u4,s4,c4 #edfa et seq471 or 
! ,enhanc+ ,f9ancial ,in/itution ,safety
 & ,s\ndness ,act ( #bjaj 7title ,,iii (
 ,public ,law #aaa-bjc7 7or any         
provision ( law am5d$ by t ,act7 %all   
be-- 7#a7 made available z an op5       
,gov]nm5t data asset 7z def9$ 9 section 
#cejb ( title #dd1 ,unit$ ,/ates ,code72
  7#b7 freely available = d[nload 9     

bulk2  7#c7 r5d]$ 9 a human-readable    
=mat2 &  7#d7 accessible via application
 programm+ int]face :]e appropriate4  4 
#fjc4 ,rulemak+  7a7 ,9 g5]al ,! ,bo>d (
 ,gov]nors ( ! ,f$]al ,res]ve ,sy/em    
%all issue rules to c>ry out ! am5dm5ts 
made by ?is title1 :i* %all take effect 
n lat] ?an #b ye>s aft] ! date on :i*   
f9al rules are promulgat$ "u section    
#abd7;b7 ( ! ,f9ancial ,/ability ,act ( 
#bjaj1 z add$ by section #aja7;a7 ( ?is 
,act4  7b7 ,scal+ ( regulatory          
requirem5ts2 m9imiz+ disruption ,9 issu+
 ! rules requir$ "u subsection 7a71 !   
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em-- 7#a7 may scale data report+    
requirem5ts 9 ord] to r$uce any         
unju/ifi$ burd5 on small] regulat$      
entities2 &  7#b7 %all seek to m9imize  
disruptive *anges to ! p]sons affect$ by
 ^? regulations4  #fjd4 ,no new         
disclosure requirem5ts ,no?+ 9 ?is      
title1 or ! am5dm5ts made by ?is title1 
%all be con/ru$ to require ! ,bo>d (    
,gov]nors ( ! ,f$]al ,res]ve ,sy/em to  

collect or make publicly available      
additional in=mation "u any ,act am5d$  
by ?is title1 any ,act ref]5c$ 9 an     
am5dm5t made by ?is title1 or any ,act  
am5d$ by an ,act ref]5c$ 9 an am5dm5t   
made by ?is title1 beyond in=mation t 0 
collect$ or made publicly available "u  
any su* provision ( law1 z ( ! day be=e 
! date ( enactm5t ( ?is ,act4  ,,vii    
,national ,cr$it ,union ,adm9i/ration   
#gja4 ,data /&>ds ,title ,i ( ! ,f$]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 collections (    
in=mation & reports regul>ly fil$ ) or  
submitt$ to ! ,adm9i/ration "u ?is ,act4
  7b7 ,consi/5cy ,! data /&>ds requir$  
"u subsection 7a7 %all incorporate1 &   
ensure compatibility ) 7to ! ext5t      
feasible71 all applicable data /&>ds    
e/abli%$ 9 ! rules promulgat$ "u section
 #abd ( ! ,f9ancial ,/ability ,act (    
#bjaj1 includ+1 to ! ext5t practicable1 

by hav+ ! *>act]i/ics describ$ 9 clauses
 7i7 ?r\gh 7vi7 ( subsection            
7c77#a77;,b7 ( su* section #abd4  4     
#gjb4 ,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 data assets     
publi%$ by ! ,adm9i/ration "u ?is title 
%all be-- 7#a7 made available z an op5  
,gov]nm5t data asset 7z def9$ 9 section 
#cejb ( title #dd1 ,unit$ ,/ates ,code72
  7#b7 freely available = d[nload 9     
bulk2  7#c7 r5d]$ 9 a human-readable    
=mat2 &  7#d7 accessible via application
 programm+ int]face :]e appropriate4  4 
#gjc4 ,rulemak+  7a7 ,9 g5]al ,!        
,national ,cr$it ,union ,adm9i/ration   
,bo>d %all issue rules to c>ry out !    
am5dm5ts made by ?is title1 :i* %all    
take effect n lat] ?an #b ye>s aft] !   
date on :i* f9al rules are promulgat$ "u
 section #abd7;b7 ( ! ,f9ancial         

,/ability ,act ( #bjaj1 z add$ by       
section #aja7;a7 ( ?is ,act4  7b7 ,scal+
 ( regulatory requirem5ts2 m9imiz+      
disruption ,9 issu+ ! rules requir$ "u  
subsection 7a71 ! ,national ,cr$it      
,union ,adm9i/ration ,bo>d-- 7#a7 may   
scale data report+ requirem5ts 9 ord] to
 r$uce any unju/ifi$ burd5 on small]    
regulat$ entities2 &  7#b7 %all seek to 
m9imize disruptive *anges to ! p]sons   
affect$ by ^? regulations4  #gjd4 ,no   
new disclosure requirem5ts ,no?+ 9 ?is  
title1 or ! am5dm5ts made by ?is title1 
%all be con/ru$ to require ! ,national  
,cr$it ,union ,adm9i/ration ,bo>d to    
collect or make publicly available      
additional in=mation "u ! ,f$]al ,cr$it 
,union ,act 7#ab ,u4,s4,c4 #agea et     
seq471 beyond in=mation t 0 collect$ or 
made publicly available "u t ,act1 z ( !
 day be=e ! date ( enactm5t ( ?is ,act4 
,,viii ,f$]al ,h\s+ ,f9ance ,ag5cy      
#hja4 ,data /&>ds requirem5ts = ! ,f$]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 #deaa et seq47 is  
am5d$ by add+ at ! end ! foll[+3        
#acai;,h4 ,data /&>ds  7a7 ,requirem5t  
,! ,ag5cy %all1 by rule1 adopt data     
/&>ds = all collections ( in=mation t   
are regul>ly fil$ ) or submitt$ to !    
,ag5cy4  7b7 ,consi/5cy ,! data /&>ds   
requir$ "u subsection 7a7 %all          
incorporate1 & ensure compatibility )   
7to ! ext5t feasible71 all applicable   
data /&>ds e/abli%$ 9 ! rules promulgat$
 "u section #abd ( ! ,f9ancial ,/ability
 ,act ( #bjaj1 includ+1 to ! ext5t      
practicable1 by hav+ ! *>act]i/ics      
describ$ 9 clauses 7i7 ?r\gh 7vi7 (     
subsection 7c77#a77;,b7 ( su* section   
#abd4  4  #hjb4 ,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 #deaa et seq471 z  
am5d$ by section #hja1 is fur!r am5d$ by
 add+ at ! end ! foll[+3  #acai;,i4 ,op5
 data publication ,all public data      

assets publi%$ by ! ,ag5cy %all be--    
7#a7 made available z an op5 ,gov]nm5t  
data asset 7z def9$ 9 section #cejb (   
title #dd1 ,unit$ ,/ates ,code72  7#b7  
freely available = d[nload 9 bulk2  7#c7
 r5d]$ 9 a human-readable =mat2 &  7#d7 
accessible via application programm+    
int]face :]e appropriate4  4  #hjc4     
,rulemak+  7a7 ,9 g5]al ,! ,director ( !
 ,f$]al ,h\s+ ,f9ance ,ag5cy %all issue 
rules to c>ry out ! am5dm5ts made by ?is
 title1 :i* %all take effect n lat] ?an 
#b ye>s aft] ! date on :i* f9al rules   
are promulgat$ "u section #abd7;b7 ( !  
,f9ancial ,/ability ,act ( #bjaj1 z add$
 by section #aja7;a7 ( ?is ,act4  7b7   
,m9imiz+ disruption ,9 issu+ !          
regulations requir$ "u subsection 7a71 !
 ,director ( ! ,f$]al ,h\s+ ,f9ance     
,ag5cy %all seek to m9imize disruptive  
*anges to ! p]sons affect$ by ^? rules4 
#hjd4 ,no new disclosure requirem5ts    
,no?+ 9 ?is title1 or ! am5dm5ts made by
 ?is title1 %all be con/ru$ to require !
 ,f$]al ,h\s+ ,f9ance ,ag5cy to collect 

or make publicly available additional   
in=mation "u ! ,f$]al ,h\s+ ,ent]prises 
,f9ancial ,safety & ,s\ndness ,act (    
#aiib 7#ab ,u4,s4,c4 #deja et seq471    
beyond in=mation t 0 collect$ or made   
publicly available "u t ,act1 z ( ! day 
be=e ! date ( enactm5t ( ?is ,act4  ,,ix
 ,miscellane\s  #ija4 ,rules (          
con/ruction  7a7 ,no effect on          
intellectual prop]ty ,no?+ 9 ?is ,act1  
or ! am5dm5ts made by ?is ,act1 may be  
con/ru$ to alt] ! exi/+ legal           
protections ( copyright$ mat]ial or o!r 
intellectual prop]ty rights ( any       
non-,f$]al p]son4  7b7 ,no effect on    
monet>y policy ,no?+ 9 ?is ,act1 or !   
am5dm5ts made by ?is ,act1 may be       
con/ru$ to apply to activities conduct$1
 or data /&>ds us$1 9 connection )      
monet>y policy propos$ or implem5t$ by !
 ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve   
,sy/em or ! ,f$]al ,op5 ,m>ket          
,committee4  7c7 ,pres]vation ( ag5cy   
au?ority ,to tailor requirem5ts ,no?+ 9 
?is ,act1 or ! am5dm5ts made by ?is     

,act1 may be con/ru$ to prohibit ! head 
( a cov]$ ag5cy1 z def9$ 9 section      
#abd7;a7 ( ! ,f9ancial ,/ability ,act ( 
#bjaj1 z add$ by section #aja7;a7 ( ?is 
,act1 f tailor+ ^? /&>ds :5 ^? /&>ds are
 adopt$ "u ?is ,act & ! am5dm5ts made by
 ?is ,act4  #ijb4 ,classifi$ & protect$ 
in=mation  7a7 ,9 g5]al ,no?+ 9 ?is     
,act1 or ! am5dm5ts made by ?is ,act1   
%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-- 7,a7 section    
#eeb;a ( title #e1 ,unit$ ,/ates ,code  
7commonly kn[n z ! ,privacy ,act (      
#aigd72 or  7,b7 section #fajc ( !      
,int]nal ,rev5ue ,code ( #aihf4  7b7    
,exi/+ ag5cy regulations ,no?+ 9 ?is    
,act1 or ! am5dm5ts made by ?is ,act1   
%all be con/ru$ to require ! ,secret>y (
 ! ,treasury1 ! ,securities & ,ex*ange  
,commission1 ! ,f$]al ,deposit          
,insurance ,corporation1 ! ,comptroll] (

 ! ,curr5cy1 ! ,director ( ! ,bureau (  
,consum] ,f9ancial ,protection1 ! ,bo>d 
( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 !
 ,national ,cr$it ,union ,adm9i/ration  
,bo>d1 ! ,director ( ! ,f$]al ,h\s+     
,f9ance ,ag5cy1 or ! head ( any o!r     
prim>y f9ancial regulatory ag5cy 7z     
def9$ 9 section #b ( ! ,dodd-,frank     
,wall ,/reet ,re=m & ,consum]           
,protection ,act 7#ab ,u4,s4,c4 #ecja77 
designat$ by ! ,secret>y ( ! ,treasury  
to am5d exi/+ regulations & proc$ures   
reg>d+ ! %>+ & disclosure ( nonpublic   
in=mation1 includ+ confid5tial          
sup]visory in=mation4  #ijc4            
,discretion>y surplus fund  7a7 ,9 g5]al
 ,section #g7;a77#c77;,a7 ( ! ,f$]al    
,res]ve ,act 7#ab ,u4,s4,c4             
#bhi7;a77#c77;,a77 is am5d$ by /rik+    
#f1hbe1jjj1jjj & ins]t+ #f1gbe1jjj1jjj4 
7b7 ,effective date ,! am5dm5t made by  
subsection 7a7 %all take effect on      
,septemb] #cj1 #bjca4  #ijd4 ,report ,n 
lat] ?an #c ye>s aft] ! date ( enactm5t 
( ?is ,act1 ! ,comptroll] ,g5]al ( !    

,unit$ ,/ates %all submit to ,congress a
 report on ! feasibility1 co/s1 &       
pot5tial b5efits ( build+ ^u ! taxonomy 
e/abli%$ by ?is ,act1 & ! am5dm5ts made 
by ?is ,act1 to arrive at a ,f$]al      
gov]nm5twide regulatory compliance      
/&>dization me*anism simil> to ,/&>d    
,bus9ess ,report+4  #ije4 ,det]m9ation (
 budget>y effects ,! budget>y effects ( 
?is ,act1 = ! purpose ( comply+ ) !     
,/atutory ,pay-,z-,y-,g ,act ( #bjaj1   
%all be det]m9$ by ref]5ce to ! late/   
/atem5t titl$ ,budget>y ,effects (      
,,paygo ,legislation = ?is ,act1        
submitt$ = pr9t+ 9 ! ,congressional     
,record by ! ,*airman ( ! ,h\se ,budget 
,committee1 provid$ t su* /atem5t has   
be5 submitt$ prior to ! vote on passage4