Senate Bill 4692
116th Congress(2019-2020)
GUIDE Compliance Act
Introduced
Introduced in Senate on Sep 24, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4692
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No Senate votes have been held for this bill.
Summary
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.
September 24, 2020
09/24/2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
09/24/2020
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:44:42 PM