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Bureau Guidance Transparency Act

3/14/2024, 12:48 PM

Congressional Summary of HR 4811

Bureau Guidance Transparency Act - Amends the Consumer Financial Protection Act of 2010 to direct the Consumer Financial Protection Bureau (CFPB), when issuing guidance, to: (1) provide for a public notice and comment period before issuing the guidance in final form, (2) make publicly available all information relied on by the CFPB, and (3) redact any information that is exempt from disclosure under specified provisions of the Freedom of Information Act.

Declares without force or effect CFPB Bulletin 2013-02 (Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act), published March 21, 2013.

Current Status of Bill HR 4811

Bill HR 4811 is currently in the status of Bill Introduced since June 9, 2014. Bill HR 4811 was introduced during Congress 113 and was introduced to the House on June 9, 2014.  Bill HR 4811's most recent activity was Ordered to be Reported by the Yeas and Nays: 35 - 24. as of June 11, 2014

Bipartisan Support of Bill HR 4811

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 4811

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Administrative law and regulatory procedures
- Banking and financial institutions regulation
- Consumer Financial Protection Bureau
- Consumer affairs
- Consumer credit
- Financial services and investments
- Government information and archives

Alternate Title(s) of Bill HR 4811

Bureau Guidance Transparency Act
To provide for a notice and comment period before the Bureau of Consumer Financial Protection issues guidance, and for other purposes.
Bureau Guidance Transparency Act

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