Sec. 701. Data standards
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/bill/115/hr/1530/ih/section-701·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Commodity Exchange Act ( 7 U.S.C. 1 et seq.) is amended by adding at the end the following: The Commission shall, by rule, adopt data standards for all information that is regularly filed with or submitted to the Commission under this Act, all information that is required to be reported to a registered swap data repository under this Act, and all information that is required to be publicly disclosed by parties to a swap under this Act. The data standards required by subsection
(a)shall, to the extent practicable— render information fully searchable and machine-readable; be nonproprietary; incorporate standards developed and maintained by voluntary consensus standards bodies; and be consistent with and implement applicable accounting and reporting principles. In adopting data standards by rule under this section, the Commission shall incorporate all applicable data standards promulgated by the Secretary of the Treasury. .
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