HR 1313 · 118th Congress 2023–2025, ended

Transparency in CFPB Cost-Benefit Analysis Act

Introduced Mar 1, 2023 Originated House Sponsor Alexander X. Mooney R-WV

Fact sheet Spreadsheet

Latest action · Mar 1, 2023 Referred to the House Committee on Financial Services.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedMar 1, 2023
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Transparency in CFPB Cost-Benefit Analysis Act

This bill sets forth information required to be included in a rulemaking made by the Consumer Financial Protection Bureau (CFPB). Specifically, the CFPB must publish a justification of the proposed rulemaking; a quantitative and qualitative assessment of all anticipated direct and indirect costs and benefits; alternatives to the proposed rulemaking; impacts on small businesses; and any assumptions, data, or studies used in preparing this information.

Cosponsors 23

Members who signed on, in the order they did. Signatures ran from Mar 1, 2023 to Jul 12, 2023; 19 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
R-TNAndrew OglesOriginalMar 1, 2023
R-KYAndy BarrOriginalMar 1, 2023
R-GABarry LoudermilkOriginalMar 1, 2023
R-MIBill HuizengaOriginalMar 1, 2023
R-FLBill PoseyOriginalMar 1, 2023
R-MOBlaine LuetkemeyerOriginalMar 1, 2023
R-WIBryan SteilOriginalMar 1, 2023
R-TNDavid KustoffOriginalMar 1, 2023
R-INErin HouchinOriginalMar 1, 2023
R-TNJohn W. RoseOriginalMar 1, 2023
R-NEMike FloodOriginalMar 1, 2023
R-TXPete SessionsOriginalMar 1, 2023
R-SCRalph NormanOriginalMar 1, 2023
R-TXRoger WilliamsOriginalMar 1, 2023
R-WIScott FitzgeraldOriginalMar 1, 2023
R-MNTom EmmerOriginalMar 1, 2023
R-OHWarren DavidsonOriginalMar 1, 2023
R-CAYoung KimOriginalMar 1, 2023
R-IAZachary NunnOriginalMar 1, 2023
R-FLW. Gregory SteubeMar 7, 2023
R-ARJ. French HillMar 9, 2023
R-NYAndrew R. GarbarinoMar 24, 2023
R-TXMonica De La CruzJul 12, 2023

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseFinancial Services Committee
Referred Mar 1, 2023

Actions 2

Everything that happened, newest first.

  1. Mar 1, 2023Introduced in House
  2. Mar 1, 2023Referred to the House Committee on Financial Services.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Article I, Section 8, Clause 18 of the United States Constitution The single subject of this legislation is: Consumer Financial Protection Bureau

The sponsor’s statement, as printed in the Congressional Record, vol. 169, no. 39, March 1, 2023, page H1052.

Related bills 4

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 1362Transparency in CFPB Cost-Benefit Analysis ActIdentical billApr 27, 2023
HR 2798CFPB Transparency and Accountability Reform ActRelated billDec 4, 2023
S 5628Transparency in CFPB Cost-Benefit Analysis ActCross-Congress related billSep 30, 2026
HR 7412Transparency in CFPB Cost-Benefit Analysis ActReintroduction ofApr 6, 2022

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To enhance rulemaking requirements for the Bureau of Consumer Financial Protection, and for other purposes.
Short Title(s) as Introduced
Transparency in CFPB Cost-Benefit Analysis Act

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

  1. Mar 1, 2023Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.