113 HR 4684 IH: Bureau Guidance Transparency Act U.S. House of Representatives 2014-05-20 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 113th CONGRESS 2d Session H. R. 4684 IN THE HOUSE OF REPRESENTATIVES May 20, 2014 Mr. Stutzman introduced the following bill; which was referred to the Committee on Financial Services A BILL To provide for a notice and comment period before the Bureau of Consumer Financial Protection issues guidance, and for other purposes.

1.

Short title

This Act may be cited as the Bureau Guidance Transparency Act.

2.

Standards for issuing guidance

Section 1022(b) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5512(b)) is amended by adding at the end the following: (5)

Standards for issuing guidance

In issuing any guidance, the Bureau shall— (A)provide for a public notice and comment period before issuing the guidance in final form; and (B)when issuing guidance in final form, make available to the public, including on the website of the Bureau, all studies, data, and other analysis relied on by the Bureau in preparing and issuing such guidance..