1. Short title This Act may be cited as the Give Useful Information to Define Effective Compliance Act or the GUIDE Compliance Act . 2. Procedures for Bureau guidance Section 1022(b) of the Consumer Financial Protection Act of 2010 is amended by adding at the end the following: (5) Procedures for Bureau guidance (A) Guidance requirements The Director shall issue guidance that is necessary or appropriate to enable the Bureau to carry out Federal consumer financial law, including facilitating compliance with such law. (B) Guidance defined For purposes of this paragraph, the term guidance — (i) means any written interpretive or legislative rule, interim final rule, bulletin, statement of policy, letter, examination manual, frequently asked question, or other document issued by the Bureau regarding compliance with a Federal consumer financial law that is exempt from notice and comment rulemaking requirements under section 553(b) of title 5, United States Code; and (ii) does not include a complaint, consent order, judgment, or decision issued under subtitle E. (C) Rulemaking (i) Proposed rule The Bureau shall publish in the Federal Register and on its website within 1 year after the date of the enactment of this paragraph a proposed rule defining— (I) each type of guidance it shall provide; (II) the criteria the Bureau will use for selecting each type of guidance; (III) the process and timelines for requests for guidance; (IV) the time periods for the response of the Bureau to a request for each type of guidance