HR 7412
117th Congress
House
Finance and Financial Sector
Transparency in CFPB Cost-Benefit Analysis Act
Introduced: April 6, 2022
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 6, 2022
Referred to the House Committee on Financial Services.
Apr 6, 2022
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1