US Codex
Bill
Notes

To require the Bureau of Consumer Financial Protection to issue a rule before deleting or modifying certain small business loan data, and for other purposes.

H.R. 6739 · 117th Congress · Feb 15, 2022 · Lineage

A BILL

Section 1 Rulemaking requirement

Section 704B(e)(4) of Equal Credit Opportunity Act (15 U.S.C. 1691c–2(e)(4)) is amended—
(1)
by striking “The Bureau may,” and inserting:

“(A) In general—The Bureau may,”

(2)
by adding at the end the following:

“(B) Rulemaking requirement—The Bureau shall, before deleting or modifying data under this paragraph issue, through advance notice and comment, a rule that includes a description of what modifications and deletions the Bureau intends to make to the data and how such modifications and deletions will advance a privacy interest.”