3.0.0 4692 2023-01-11T13:44:42Z 2023-01-11T13:44:42Z Senate S 2020-09-24 116 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2020-09-24T18:24:42Z 2020-09-24 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2020-09-24 Introduced in Senate IntroReferral 10000 9 Library of Congress L000575 Sen. Lankford, James [R-OK] James Lankford R OK N T000476 Sen. Tillis, Thomas [R-NC] Thomas Tillis R NC Roland 2020-09-24 True S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC 2020-09-24 True Finance and Financial Sector Administrative law and regulatory procedures Civil actions and liability Consumer Financial Protection Bureau Consumer credit Government information and archives Finance and Financial Sector 00 2020-09-24 Introduced in Senate 2020-12-21T21:03:35Z Give Useful Information to Define Effective Compliance Act or the GUIDE Compliance Act

This bill sets forth procedures for the issuance of guidance from the Consumer Financial Protection Bureau. Guidance includes written interpretive rules, bulletins, statements of policy, and other generally applicable authoritative documents that are not regulatory actions. The bureau must publish

  • the types of guidance it will provide,
  • the criteria used for selecting the type of guidance,
  • the process for requests for guidance,
  • the process for amending or revoking guidance, and
  • guidelines for determining civil monetary penalties for a violation of consumer financial law.
]]> GUIDE Compliance Act Display Title GUIDE Compliance Act Short Title(s) as Introduced GUIDE Compliance Act Introduced in Senate IS Short Title(s) as Introduced Give Useful Information to Define Effective Compliance Act Introduced in Senate IS Official Title as Introduced A bill to amend the Consumer Financial Protection Act of 2010 to provide procedures for guidance issued by the Bureau of Consumer Financial Protection, and for other purposes. Introduced in Senate IS Introduced in Senate 2020-09-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s4692is/xml/BILLS-116s4692is.xml 2020-09-24 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.