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S 4692 116th Congress Senate Finance and Financial Sector Administrative law and regulatory procedures Civil actions and liability Consumer Financial Protection Bureau Consumer credit Government information and archives

GUIDE Compliance Act

Introduced: September 24, 2020 Introduced by: Lankford, James Republican · Oklahoma See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 24, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 24, 2020
Introduced in Senate
 Plain-English summary Congressional Research Service

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.
What's happening now September 24, 2020

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2