The Transparency in CFPB Cost-Benefit Analysis Act aims to increase transparency within the Consumer Financial Protection Bureau (CFPB) by requiring it to conduct cost-benefit analyses for significant regulations. The bill mandates that the CFPB provide detailed reports on the potential costs and benefits of proposed regulations, enhancing accountability and ensuring a more thorough evaluation of regulatory impacts. This legislation seeks to promote informed decision-making and efficiency within the CFPB by making its rulemaking process more transparent and data-driven.
2023-03-01: Introduced in House
2023-03-01: Referred to the House Committee on Financial Services.
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