Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

H.R. 4607, Comprehensive Regulatory Review Act (CBO Report for Congress)

Premium   Download PDF Now (2 pages)
Congress 115th
Date Requested Jan. 18, 2018
Requested By House Committee on Financial Services
Date Sent Feb. 22, 2018
Description:

Once every 10 years, four federal banking agencies review all the regulations that they have issued and identify outdated or unnecessary regulatory requirements on banks and credit unions. H.R. 4607 would require those agencies and the Consumer Financial Protection Bureau (CFPB) to complete that review more frequently—once every 7 years. The bill also would increase the scope of the required regulatory review to include requirements imposed on individual people or on companies that offer consumer financial products or services. The agencies would be required to tailor regulations to reduce the burden on such entities.

 

« Return to search CBO reports