Legis Daily

GUIDE Compliance Act

USA116th CongressS-4692| Senate 
| Updated: 9/24/2020
James Lankford

James Lankford

Republican Senator

Oklahoma

Cosponsors (2)
Thomas Tillis (Republican)Tim Scott (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 24, 2020
Introduced in Senate
Sep 24, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • September 24, 2020
    Introduced in Senate


  • September 24, 2020
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Administrative law and regulatory proceduresCivil actions and liabilityConsumer creditConsumer Financial Protection BureauGovernment information and archives

GUIDE Compliance Act

USA116th CongressS-4692| Senate 
| Updated: 9/24/2020
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 24, 2020
Introduced in Senate
Sep 24, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • September 24, 2020
    Introduced in Senate


  • September 24, 2020
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
James Lankford

James Lankford

Republican Senator

Oklahoma

Cosponsors (2)
Thomas Tillis (Republican)Tim Scott (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresCivil actions and liabilityConsumer creditConsumer Financial Protection BureauGovernment information and archives