Sec. 801. Data standards
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Title I of the Federal Credit Union Act ( 12 U.S.C. 1752 et seq.) is amended by adding at the end the following: The Board shall, by rule, adopt data standards for all information and reports regularly filed with or submitted to the Administration 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 Board shall incorporate all applicable data standards promulgated by the Secretary of the Treasury. .
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