CFPB Dual Mandate and Economic Analysis Act
Latest action · Mar 18, 2025 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.
- IntroducedMar 18, 2025
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
CFPB Dual Mandate and Economic Analysis Act
This bill establishes the Office of Economic Analysis in the Consumer Financial Protection Bureau (CFPB). The office must review all proposed guidance, orders, rules, and regulations with respect to their impact on consumer choice, price, and access to credit products. The office must also continue to periodically review these materials and evaluate how well they address the problems that they were intended to address.
The CFPB must consider the office's evaluations and 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 bill revises the purpose of the CFPB to include strengthening private sector participation in markets, without government interference or subsidies, in order to increase competition and enhance consumer choice.
Cosponsors
Members who signed on, in the order they did.
Actions 2
Everything that happened, newest first.
- Mar 18, 2025Introduced in House
- Mar 18, 2025Referred to the House Committee on Financial Services.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Mar 18, 2025Introduced in House
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.
