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FHFA RIN: 2590-AB38 Publication ID: Fall 2024 
Title: Financial Data Transparency Act Implementation 
Abstract:

FHFA, jointly with the Department of the Treasury, Federal Reserve, OCC, SEC, FDIC, NCUA, CFTC, and CFPB, are coordinating 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.

 
Agency: Federal Housing Finance Agency(FHFA)  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: 12 CFR 1226   
Legal Authority: 12 U.S.C. 4511    12 U.S.C. 4513    12 U.S.C. 4526    12 U.S.C. 4527    12 U.S.C. 5334    12 U.S.C. 1752 et seq.   
Legal Deadline:
Action Source Description Date
NPRM  Statutory    06/23/2024 
Final  Statutory    12/23/2024 

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.

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: 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