118th Congress Finance and Financial Sector
H.R. 2489: CFPB Dual Mandate and Economic Analysis Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Byron Donalds R-FLOriginal
- Blaine Luetkemeyer R-MOOriginal
- Daniel Meuser R-PAOriginal
- Ralph Norman R-SCOriginal
- Bill Posey R-FLOriginal
- Roger Williams R-TXOriginal
- William Timmons R-SC
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Other bills by Tom Emmer
History
- Introduced in the House by Tom Emmer.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.