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Financial Investigations Reform: Time Limits and New Citizen Rights.

This new law introduces significant changes to how the Bureau of Consumer Financial Protection conducts investigations. It limits the time frame for demanding information and grants citizens more rights to seek clarifications and challenge demands. This aims to increase transparency and fairness in investigative processes, potentially impacting citizens' financial and legal security.
Key points
A 6-year time limit is set for demanding information related to violations, meaning the Bureau cannot request data older than 6 years.
Information demands must now be more specific, making it easier for citizens to understand what exactly is being requested.
Citizens can now ask the Bureau for clarifications regarding the scope of information requested, and the Bureau must respond within 20 days or less.
Judicial review is now possible for the Bureau's denial of a petition to modify or set aside a demand, increasing citizens' legal protection.
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Introduced
Citizen Poll
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Additional Information
Print number: 119_HR_1653
Sponsor: Rep. Barr, Andy [R-KY-6]
Process start date: 2025-02-27
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Civil Investigative Demand Reform Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1653.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-02-27.

What are the main provisions?

Key points include:

  • A 6-year time limit is set for demanding information related to violations, meaning the Bureau cannot request data older than 6 years.
  • Information demands must now be more specific, making it easier for citizens to understand what exactly is being requested.
  • Citizens can now ask the Bureau for clarifications regarding the scope of information requested, and the Bureau must respond within 20 days or less.
  • Judicial review is now possible for the Bureau's denial of a petition to modify or set aside a demand, increasing citizens' legal protection.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Barr, Andy [R-KY-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Courts and Law Economy