Civil Investigative Demand Reform Act of 2025

Hozzl · 2025-03-21T14:42:50Z

Explore the details of House Bill 1653 Civil Investigative Demand Reform Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

3/21/2025, 2:42 PM

Summary of Bill HR 1653

Bill 119 HR 1653, also known as the "Civil Investigative Demand Reform Act of 2021," aims to make changes to the civil investigative demand (CID) process of the Bureau of Consumer Financial Protection (BCFP).

The bill seeks to increase transparency and accountability in the CID process by requiring the BCFP to provide more detailed information to the subjects of the investigation. This includes specifying the nature of the conduct under investigation, the applicable laws that may have been violated, and the reasons for issuing the CID.

Additionally, the bill aims to limit the scope of CIDs to prevent overreach by the BCFP. It requires the BCFP to tailor CIDs to the specific information needed for the investigation and prohibits the agency from using CIDs to gather information that is not relevant to the investigation. Furthermore, the bill includes provisions to protect the rights of the subjects of the investigation, such as allowing them to challenge the CID in court if they believe it is overly broad or burdensome. It also requires the BCFP to provide regular updates to the subjects of the investigation on the status of the CID. Overall, the goal of Bill 119 HR 1653 is to ensure that the CID process is fair and transparent, while also protecting the rights of those under investigation by the BCFP.

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Current Status of Bill HR 1653

Bill HR 1653 is currently in the status of Bill Introduced since February 27, 2025. Bill HR 1653 was introduced during Congress 119 and was introduced to the House on February 27, 2025. Bill HR 1653's most recent activity was Referred to the House Committee on Financial Services. as of February 27, 2025

Bipartisan Support of Bill HR 1653

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1653

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 1653

To reform the civil investigative demand process of the Bureau of Consumer Financial Protection.To reform the civil investigative demand process of the Bureau of Consumer Financial Protection.

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