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TREAS/DO RIN: 1505-AC86 Publication ID: Fall 2024 
Title: Financial Data Transparency Act  
Abstract:

The Department of the Treasury, FRB, CFTC, OCC, CFPB, SEC, FDIC, FHFA, and the NCUA are coordinating efforts on a proposed rule that would establish 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). 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.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 31 CFR 151   
Legal Authority: Pub. L. No. 117-263   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  08/22/2024  89 FR 67890   
NPRM Comment Period End  10/21/2024 
Final Action  12/00/2024 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Federal 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
John Zitko
OFR
Department of the Treasury
1500 Pennsylvania Avenue NW.,
Washington, DC 20220
Phone:202 927-8372
Email: john.zitko@ofr.treasury.gov