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Enhanced Transparency in Financial Regulation Cost-Benefit Analysis

New rules require the Consumer Financial Protection Bureau (CFPB) to thoroughly justify and analyze the costs and benefits of proposed regulations. This aims to ensure that new rules are necessary, do not duplicate existing ones, and do not unduly burden citizens, including small businesses.
Key points
The CFPB must publicly explain the need for new regulations and why private markets or local authorities cannot address the issue.
All proposed regulations will require a detailed assessment of costs and benefits, including impacts on small businesses and the economy.
The CFPB must consider alternatives and justify its chosen regulation, even if its costs outweigh the benefits of alternatives.
If costs for small businesses increase, the CFPB must consult with the Office of Advocacy within the Small Business Administration to minimize burdens.
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Status: Introduced
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Additional Information
Print number: 119_HR_2331
Sponsor: Rep. Loudermilk, Barry [R-GA-11]
Process start date: 2025-03-25
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Transparency in CFPB Cost-Benefit Analysis Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2331.

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 2025-03-25.

What are the main provisions?

Key points include:

  • The CFPB must publicly explain the need for new regulations and why private markets or local authorities cannot address the issue.
  • All proposed regulations will require a detailed assessment of costs and benefits, including impacts on small businesses and the economy.
  • The CFPB must consider alternatives and justify its chosen regulation, even if its costs outweigh the benefits of alternatives.
  • If costs for small businesses increase, the CFPB must consult with the Office of Advocacy within the Small Business Administration to minimize burdens.
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. Loudermilk, Barry [R-GA-11].

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.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Courts and Law