S. 4692 · 116th Congress
GUIDE Compliance Act
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
LankfordSponsor2 cosponsors · 2 R
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Give Useful Information to Define Effective Compliance Act or the GUIDE Compliance Act
What it does: CRS summary · Introduced in Senate · Sep 24, 2020
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: GUIDE Compliance Act
Also known as: Give Useful Information to Define Effective Compliance Act
Latest action (Sep 24, 2020): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Sep 24, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.