John Kennedy (R-LA)
Transparency in CFPB Cost-Benefit Analysis Act
A Republican bill with 1 Republican cosponsor · See the cosponsor
Last activity — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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 is called the Transparency in CFPB Cost-Benefit Analysis Act. It changes the Consumer Financial Protection Act of 2010. The bill adds new requirements for how the Bureau of Consumer Financial Protection must handle its rulemakings. Specifically, the Bureau must publish its proposed rules in the Federal Register along with detailed information. This includes explaining the need for the rule, checking for duplication with other rules, and looking at costs and benefits.
Yes· 3 of 4
- Scored +7
Does this make what the government does easier for the public to see?
The legislation mandates that the CFPB publish detailed cost-benefit analyses, data sources, and regulatory alternatives in the Federal Register for proposed rules.
- Scored +6
Does this make it easier to run a small business?
The bill requires the CFPB to assess compliance costs for small businesses and consult with the Small Business Administration to minimize regulatory burdens.
- Scored +5
Would business owners be better off under this?
The bill requires the CFPB to explicitly analyze and seek ways to minimize regulatory compliance costs imposed on small businesses.
The opposite
- Scored -2
Does this give people more protection from unfair business practices?
By imposing rigorous cost-benefit and justification hurdles on CFPB rulemaking, the bill may make it more difficult or slower to issue rules protecting consumers.
- Scored -2
Does this give the federal government more power?
The bill establishes strict federal statutory rulemaking requirements and procedural mandates specifically for the Bureau of Consumer Financial Protection.
Who it would affect, and how
Potential Positive Impacts for People
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Section 2 requires the Bureau to include an assessment of compliance costs for small businesses and consult with the Small Business Administration if costs increase, which could benefit small business owners by helping to minimize their burdens.
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Section 2 forces the Bureau to examine whether a proposed regulation is duplicative, inconsistent, or incompatible with other federal regulations, which helps keep officials accountable by ensuring rules make sense together.
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Section 2 mandates that the Bureau provide a quantitative and qualitative assessment of direct and indirect costs and benefits, including effects on economic activity and efficiency, giving the public a clear look at how new rules might affect them.
Potential Negative Impacts for People
- The provided text does not explicitly mention any potential negative impacts or burdens for individuals or groups of people in the United States.
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 requires the CFPB to assess compliance costs for small businesses and consult with the Small Business Administration to minimize regulatory burdens. Is this likely to grow the economy? — The bill requires comprehensive cost-benefit analyses for CFPB rules, which may improve economic efficiency and reduce undue regulatory burdens on economic activity. Does this give people more protection from unfair business practices? — By imposing rigorous cost-benefit and justification hurdles on CFPB rulemaking, the bill may make it more difficult or slower to issue rules protecting consumers.
- Demographic And Interest Groups
- Would business owners be better off under this? — The bill requires the CFPB to explicitly analyze and seek ways to minimize regulatory compliance costs imposed on small businesses.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The legislation mandates that the CFPB publish detailed cost-benefit analyses, data sources, and regulatory alternatives in the Federal Register for proposed rules. Does this give the federal government more power? — The bill establishes strict federal statutory rulemaking requirements and procedural mandates specifically for the Bureau of Consumer Financial Protection.
- 9/30/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
5 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Cynthia LummisRepublican · Wyoming