Guidelines for Use, Access, and Responsible Disclosure of Financial Data Act
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, Guidelines for Use, Access, and Responsible Disclosure of Financial Data Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Technology, Immigration.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H1EF24B7F2A004001A52609B7C312E47E: 1. Short title; table of contents This Act may be cited as the Guidelines for Use, Access, and Responsible Disclosure of Financial Data Act or the GUARD...
- Section H121026EE5C8748ABA37A2D196C00D7F4: 101. Subtitle and section heading alterations The Gramm-Leach-Bliley Act is amended— in title V (15 U.S.C. 6801 et seq.)— in subtitle A, in the heading of the...
- Section H5141D218F3BC4E8C9528193058B96001: 102. Data minimization Section 502 of the Gramm-Leach-Bliley Act (15 U.S.C. 6802) is amended— in subsection (e), by striking Subsections (a) and (b) and...
- Section HB7677994B44942FBBA7A43193F8B1642: 103. Continuing consumer opt out right Section 502(b)(1) of the Gramm-Leach-Bliley Act (15 U.S.C. 6802(b)(1)) is amended— in subparagraph (B), by inserting...
- Section H35AA337FD95E4D118EF75F9216E05431: 104. Limits on use of consumer access credentials Section 502 of the Gramm-Leach-Bliley Act (15 U.S.C. 6802), as amended by section 102(3), is further amended...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, Guidelines for Use, Access, and Responsible Disclosure of Financial Data Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Technology, Immigration
Primary Purpose
This bill, Guidelines for Use, Access, and Responsible Disclosure of Financial Data Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
In CommitteeReferred to the House Committee on Financial Services.
Introduced in House
Mr. Huizenga (for himself, Mr. Barr, Mr. Steil, and Mr. …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
Key Definitions
Terms defined in this bill
a clear affirmative act by a consumer that— signifies the freely given, specific, informed, and unambiguous agreement by the consumer to an action
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology