Data standards — Us Code Code § 5498
Us Code Code § 5498 — Data standards. Reproduced from the official United States Code, with a citation summary, verification link, and related provisions.
§ 5498. Data standards
(a) Requirement
The Bureau shall, by rule, adopt data standards for all collections of information that are regularly filed with or submitted to the Bureau.
(b) Consistency
The data standards required under subsection (a) shall incorporate, and ensure compatibility with (to the extent feasible), all applicable data standards established in the rules promulgated under section 5334 of this title, including, to the extent practicable, by having the characteristics described in clauses (i) through (vi) of subsection (c)(1)(B) of such section 5334.
(Pub. L. 111–203, title X, §1018, as added Pub. L. 117–263, div. E, title LVIII, §5851(a)(2), Dec. 23, 2022, 136 Stat. 3433.)
Editorial Notes
Prior Provisions
A prior section 1018 of Pub. L. 111–203 was renumbered section 1020 and is set out as note under section 5491 of this title.
Statutory Notes and Related Subsidiaries
Rulemaking
Pub. L. 117–263, div. E, title LVIII, §5852, Dec. 23, 2022, 136 Stat. 3433, provided that:
"(a)
"(b)
"(1) may scale data reporting requirements in order to reduce any unjustified burden on smaller regulated entities; and
"(2) shall seek to minimize disruptive changes to the persons affected by those regulations."
Rule of Construction Regarding No New Disclosure Requirements
Pub. L. 117–263, div. E, title LVIII, §5853, Dec. 23, 2022, 136 Stat. 3433, provided that: "Nothing in this subtitle [subtitle E (§§5851–5853) of title LVIII of div. E of Pub. L. 117–263, enacting this section, section 5499 of this title, and provisions set out as a note under this section], or the amendments made by this subtitle, shall be construed to require the Bureau of Consumer Financial Protection to collect or make publicly available additional information under the Consumer Financial Protection Act of 2010 (12 U.S.C. 5481 et seq.), beyond information that was collected or made publicly available under that Act, as of the day before the date of enactment of this Act [Dec. 23, 2022]."
About This Section
12 U.S.C. § 5498 is part of Title 12 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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