Transparency in CFPB Cost-Benefit Analysis Act

Senate Bill 4522 - Transparency in CFPB Cost-Benefit Analysis Act: Overview, Status, and Impact

Hozzl · 2022-12-29T18:33:45Z

Explore the details of Senate Bill 4522 Transparency in CFPB Cost-Benefit Analysis Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

12/29/2022, 6:33 PM

Congressional Summary of S 4522

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.

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Current Status of Bill S 4522

Bill S 4522 is currently in the status of Bill Introduced since July 13, 2022. Bill S 4522 was introduced during Congress 117 and was introduced to the Senate on July 13, 2022. Bill S 4522's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of July 13, 2022