Barry Loudermilk (R-GA)
Transparency in CFPB Cost-Benefit Analysis Act
A Republican bill with 2 Republican cosponsors · See all 2 cosponsors
Last activity — Referred to the House Committee on Financial Services.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill, titled the "Transparency in CFPB Cost-Benefit Analysis Act," aims to increase the requirements for the Bureau of Consumer Financial Protection when it proposes new rules. It mandates that the Bureau publish its full notice of proposed rulemaking in the Federal Register with extensive supporting information. The bill requires detailed examinations of the need for regulations and whether they conflict with existing rules. It also requires a thorough assessment of the costs and benefits of the proposed regulation and any alternatives. Additionally, it mandates consultation with the Small Business Administration's Office of Advocacy if costs to small businesses increase.
Yes· 3 of 8
- Scored +7
Does this make what the government does easier for the public to see?
The bill requires more extensive documentation and public disclosure of the Bureau's decision-making process.
- Scored +6
Does this make it easier to run a small business?
The bill mandates consultation with the SBA Office of Advocacy to minimize cost increases for small businesses.
- Scored +5
Does this make the government pay for what it commits to?
The bill promotes fiscal responsibility by requiring rigorous cost-benefit analyses of regulatory actions.
The opposite
- Scored -3
Does this give the federal government more power?
The bill increases the procedural requirements and accountability of a federal agency (CFPB).
Who it would affect, and how
Potential Positive Impacts for People
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Increased Transparency: The Bureau must publish the entirety of its notice of proposed rulemaking in the Federal Register (Section 2, (A)).
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Small Business Protections: The Bureau is required to consult with the Office of Advocacy within the Small Business Administration if a regulation increases costs for small businesses to find ways to minimize those effects (Section 2, (A)(viii)).
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Economic Clarity: The bill requires an assessment of compliance costs for regulated entities and small businesses, as well as effects on economic activity, efficiency, competition, and capital formation (Section 2, (A)(v)).
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Assessment of Regulatory Burdens: The Bureau must analyze how the burden of a regulation is distributed and whether consumers or small businesses will be disproportionately burdened (Section 2, (A)(xi)).
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Evaluation of Alternatives: The Bureau must identify reasonable alternatives to a regulation and analyze their costs and benefits (Section 2, (A)(vi)-(vii)).
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this make it easier to run a small business? — The bill mandates consultation with the SBA Office of Advocacy to minimize cost increases for small businesses. Does this make the government pay for what it commits to? — The bill promotes fiscal responsibility by requiring rigorous cost-benefit analyses of regulatory actions. Does this give people more protection from unfair business practices? — Increased transparency in the rulemaking process may enhance the oversight of consumer protection measures.
- Demographic And Interest Groups
- Would business owners be better off under this? — The bill provides specific protections and consultation requirements for small business owners. Would households on low incomes be better off under this? — Increased regulatory scrutiny may protect against disproportionate burdens on consumers. Would middle-income households be better off under this? — Enhanced transparency may lead to more stable economic environments through predictable regulation.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill requires more extensive documentation and public disclosure of the Bureau's decision-making process. Does this protect the right to fair treatment by the courts? — The bill provides more rigorous justification and evidence requirements for regulatory actions. Does this give the federal government more power? — The bill increases the procedural requirements and accountability of a federal agency (CFPB).
- 10/17/2025
- 1 Cosponsor added.
- 3/25/2025
- Referred to the House Committee on Financial Services.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Andy BarrRepublican · Kentucky
Michael LawlerRepublican · New York