The Give Useful Information to Define Effective Compliance Act, for short the GUIDE Compliance Act, passed the House Financial Services Committee on September 13, 2018. A companion bill was introduced in the Senate on September 17, 2018. The goal of this legislation is to make industry compliance more straightforward by establishing a framework requiring the Bureau of Consumer Financial Protection (the “Bureau”) to issue regular interpretative rules and guidance. The Act also requires the Bureau to establish and publish a matrix showing how it determines civil monetary penalties.
H.R. 5534 is available here: https://www.congress.gov/bill/115th-congress/house-bill/5534/text
S.3443 history is available here: https://www.congress.gov/bill/115th-congress/senate-bill/3443/committees?q=%7B%22search%22%3A%5B%22s.3443%22%5D%7D&r=1