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HR 2489 118th Congress House Finance and Financial Sector

CFPB Dual Mandate and Economic Analysis Act

Introduced: April 6, 2023 Introduced by: Emmer, Tom Republican · Minnesota See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 6, 2023
Referred to the House Committee on Financial Services.
Apr 6, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

CFPB Dual Mandate and Economic Analysis Act

This bill establishes the Office of Economic Analysis in the Consumer Financial Protection Bureau (CFPB) to review all proposed and existing guidance, orders, rules, and regulations. The CFPB must also identify in each proposed rulemaking the problem to be solved by the rule or regulation and the metrics the CFPB will use to measure the success of the rule or regulation. These metrics must include a measurement of changes regarding consumer access to, and the cost of, consumer financial products and services.

Additionally, the purpose of the CFPB is revised to include strengthening private sector participation in markets, without government interference or subsidies, to increase competition and enhance consumer choice.

What's happening now April 6, 2023

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • HR 2798 Related bill CFPB Transparency and Accountability Reform Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Republican 5
R
Timmons, William R.
South Carolina · May 9, 2023
 R
Donalds, Byron
Florida · Apr 6, 2023
Luetkemeyer, Blaine
· Apr 6, 2023
 R
Meuser, Daniel
Pennsylvania · Apr 6, 2023
 R
Norman, Ralph
South Carolina · Apr 6, 2023
Posey, Bill
· Apr 6, 2023
 R
Williams, Roger
Texas · Apr 6, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2489: CFPB Dual Mandate and Economic Analysis Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-2489/
MLA
"H.R. 2489: CFPB Dual Mandate and Economic Analysis Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-2489/.
Bluebook (legal)
H.R. 2489, 118th Cong. (2026), https://openamerica.io/bill/118-HR-2489/.
Markdown link
[H.R. 2489: CFPB Dual Mandate and Economic Analysis Act](https://openamerica.io/bill/118-HR-2489/)
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