Transparency in CFPB Cost-Benefit Analysis Act
- Last Action
- 4/27/2023
Actions
- 2023-04-27Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2023-04-27Introduced in Senate
CRS Summary
As of 2023-04-27 (00)
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.
Cosponsors (2)
- Bill Hagerty (R-TN)
- Cynthia Lummis (R-WY)
Sourced from Congress.gov (public domain).
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