; (19) the term open Government data asset means a public data asset that is— (A) machine-readable; (B) available (or could be made available) in an open format; (C) not encumbered by restrictions that would impede the use or reuse of such asset; and (D) based on an underlying open standard that is maintained by a standards organization; (20) the term open license means a legal guarantee that a data asset is made available— (A) at no cost to the public; and (B) with no restrictions on copying, publishing, distributing, transmitting, citing, or adapting such asset; (21) the term public data asset means a data asset maintained by the Federal Government that has been, or may be, released to the public, including any data asset subject to disclosure under section 552 of title 5; and (22) the term statistical laws means subchapter III of this chapter and other laws pertaining to the protection of information collected for statistical purposes as designated by the Director. . (b) Guidance To make data open by default Section 3504(b) of title 44, United States Code, is amended— (1) in paragraph (4), by striking ; and and inserting a semicolon; (2) in paragraph (5), by striking the period at the end and inserting ; and ; and (3) by adding at the end the following new paragraph: (6) issue guidance for agencies to implement section 3506(b)(6) in a manner that takes into account— (A) risks and restrictions related to the disclosure of personally identifiable information, including the risk that an individual data asset in isolation does not pose a privacy or confidentiality risk but when combined with other available information may pose such a risk; (B) security considerations, including the risk that information in an individual data asset in isolation does not pose a security risk but when combined with other available information may pose such a risk; (C) the cost and benefits to the public of converting a data asset into a machine-readable format that is accessible and useful to the public