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FHFA | RIN: 2590-AB38 | Publication ID: Fall 2023 |
Title: ●Financial Data Transparency Act Implementation | |
Abstract:
The Federal Housing Finance Agency, jointly with the Department of the Treasury, Federal Reserve, OCC, SEC, FDIC, and CFPB, efforts on a proposed rule establishing data standards for the collections of information reported to each agency by financial entities under their jurisdiction, and the data collected from the agencies on behalf of the Financial Stability Oversight Council (FSOC). If finalized, the proposed rule would implement the requirements of section 124 to the Financial Stability Act of 2010 (12 U.S.C. 5321 et seq.), which was added by the James M. Inhofe National Defense Authorization Act for Fiscal Year 2023 (NDAA). The NDAA requires the agencies to jointly issue proposed rules within 18 months of the NDAA’s enactment, and final rules within two years of enactment. |
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Agency: Federal Housing Finance Agency(FHFA) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: Not Yet Determined (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 12 U.S.C. 4527 12 U.S.C. 5334 12 U.S.C. 1752 et seq. |
Legal Deadline:
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Overall Description of Deadline: 12 U.S.C. 5334 requires the covered agencies to jointly issue proposed rules within 18 months of enactment and final rules within two years of enactment. |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: www.fhfa.gov; www.regulations.gov | Public Comment URL: www.fhfa.gov; www.regulations.gov |
RIN Data Printed in the FR: No | |
Agency Contact: Jamie Schwing Managing Associate General Counsel Federal Housing Finance Agency 400 Seventh Street SW, Washington, DC 20219 Phone:202 649-3085 Email: jamie.schwing@fhfa.gov |