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HR 3198 116th Congress House Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Consumer Financial Protection Bureau Consumer credit Department of the Treasury Federal Deposit Insurance Corporation (FDIC) Federal Reserve System National Credit Union Administration

Comprehensive Regulatory Review Act

Introduced: June 11, 2019 Introduced by: Loudermilk, Barry Republican · Georgia See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 11, 2019
Referred to the House Committee on Financial Services.
Jun 11, 2019
Introduced in House
 Plain-English summary Congressional Research Service

Comprehensive Regulatory Review Act

This bill expands the required comprehensive review of financial regulatory requirements. Specifically, the review must be completed by the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration, in addition to (as required under current law) the Federal Financial Institutions Examination Council, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve Board. The review must be performed at least every 7, rather than 10, years.

After performing the review, a regulator must consider tailoring regulations to limit specified burdens.

The bill specifies information and criteria the CFPB must use when conducting its review.

What's happening now June 11, 2019

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1