Comprehensive Regulatory Review Act This bill expands the required comprehensive review of financial regulatory requirements. Specifically, the review must be completed by the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration, in addition to (as required under current law) the Federal Financial Institutions Examination Council, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve Board. The review must be performed at least every 7, rather than 10, years. After performing the review, a regulator must consider tailoring regulations to limit specified burdens. The bill specifies information and criteria the CFPB must use when conducting its review.
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Administrative law and regulatory proceduresBanking and financial institutions regulationConsumer creditConsumer Financial Protection BureauDepartment of the TreasuryFederal Deposit Insurance Corporation (FDIC)Federal Reserve SystemNational Credit Union Administration
Comprehensive Regulatory Review Act
USA116th CongressHR-3198| House
| Updated: 6/11/2019
Comprehensive Regulatory Review Act This bill expands the required comprehensive review of financial regulatory requirements. Specifically, the review must be completed by the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration, in addition to (as required under current law) the Federal Financial Institutions Examination Council, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve Board. The review must be performed at least every 7, rather than 10, years. After performing the review, a regulator must consider tailoring regulations to limit specified burdens. The bill specifies information and criteria the CFPB must use when conducting its review.
Administrative law and regulatory proceduresBanking and financial institutions regulationConsumer creditConsumer Financial Protection BureauDepartment of the TreasuryFederal Deposit Insurance Corporation (FDIC)Federal Reserve SystemNational Credit Union Administration