3.0.0 527 2023-01-11T13:43:27Z 2023-01-11T13:43:27Z House HR 2021-01-28 117 [Congressional Record Volume 167, Number 17 (Thursday, January 28, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. EMMER:H.R. 527.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18: To make all Laws whichshall be necessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.[Page H250]]]> hsba00 Financial Services Committee House Standing Referred to 2021-01-28T14:11:00Z 2021-01-28 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2021-01-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-01-28 Introduced in House IntroReferral 1000 9 Library of Congress E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 N Finance and Financial Sector Administrative law and regulatory procedures Competition and antitrust Consumer Financial Protection Bureau Consumer credit Economic performance and conditions Executive agency funding and structure Financial services and investments Performance measurement Finance and Financial Sector 00 2021-01-28 Introduced in House 2021-02-24T21:04:11Z CFPB Dual Mandate and Economic Analysis Act

This bill establishes the Office of Economic Analysis in the Consumer Financial Protection Bureau (CFPB) to review all proposed and existing guidance, orders, rules, and regulations. The CFPB must also identify in each proposed rulemaking the problem to be solved by the rule or regulation and the metrics the CFPB will use to measure the success of the rule or regulation. These metrics must include a measurement of changes regarding consumer access to, and the cost of, consumer financial products and services.

Additionally, the purpose of the CFPB is revised to include strengthening private sector participation in markets, without government interference or subsidies, to increase competition and enhance consumer choice.

]]> CFPB Dual Mandate and Economic Analysis Act Display Title CFPB Dual Mandate and Economic Analysis Act Official Title as Introduced To amend the Consumer Financial Protection Act of 2010 to update the purpose of the Bureau of Consumer Financial Protection, and for other purposes. Introduced in House IH Short Title(s) as Introduced CFPB Dual Mandate and Economic Analysis Act Introduced in House IH Introduced in House 2021-01-28T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr527ih/xml/BILLS-117hr527ih.xml 2021-01-28 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.