This bill significantly reforms the civil investigative demand (CID) process used by the Bureau of Consumer Financial Protection (CFPB) by introducing a new time limit, stipulating that a CID cannot be issued later than 6 years after the date of the alleged violation. Furthermore, the bill mandates that CIDs must describe the conduct under investigation with specific reference to particular facts , enhancing clarity and precision in the Bureau's requests. The legislation empowers attorneys representing individuals or entities subject to a CID by allowing them to submit questions to the CFPB regarding the demand's scope or breadth. The CFPB is then required to provide a response within 20 days or by the demand's return date, with the possibility of extending the return date and petition deadline. Additionally, the bill extends confidential treatment to the contents of any petition submitted to the Bureau to modify or set aside a demand, aligning it with the existing confidentiality for demand material. The bill significantly expands the specific grounds upon which a person may petition to modify or set aside a CID, including if the demand is unduly burdensome, disproportionately expensive, outside the scope of inquiry , or unreasonably cumulative. Crucially, it introduces a mechanism for judicial review , allowing for court oversight if the Bureau denies a petition to modify or set aside a demand, thereby providing an avenue for appeal for those subject to CIDs.