CFPB Dual Mandate and Economic Analysis Act

Summary

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.

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Timeline

1. 28 January 2021

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 28 January 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 January 2021

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 28 January 2021 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 28 January 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 28 January 2021

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 28 January 2021

  Open at official source

Sponsors

• Tom Emmer · R · Sponsor
• · hsba00 · Standing

Related records

• related to → CFPB Dual Mandate and Economic Analysis Act