H.R. 2331 Introduced Finance and Financial Sector

Transparency in CFPB Cost-Benefit Analysis Act

To enhance rulemaking requirements for the Bureau of Consumer Financial Protection, and for other purposes.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Loudermilk, Barry [R-GA-11] Introduced March 25, 2025 Cosponsors 2 (2 R) Latest action March 25, 2025

Summary

Transparency in CFPB Cost-Benefit Analysis Act
This bill sets forth information required to be included in a rulemaking made by the Consumer Financial Protection Bureau (CFPB). Specifically, the CFPB must publish a justification of the proposed rulemaking; a quantitative and qualitative assessment of all anticipated direct and indirect costs and benefits; alternatives to the proposed rulemaking; impacts on small businesses; and any assumptions, data, or studies used in preparing this information.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Mar 25, 2025 Referred to the House Committee on Financial Services.
  2. Mar 25, 2025 Introduced in House

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