US HB3198 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on June 11 2019 - 25% progression, died in committee
Action: 2019-06-11 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 11 2019 - 25% progression, died in committee
Action: 2019-06-11 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Expands the required comprehensive review of financial regulatory requirements. Specifically, the review must be completed by the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration, in addition to (as required under current law) the Federal Financial Institutions Examination Council, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve Board. The review must be performed at least every 7, rather than 10, years. After performing the review, a regulator must consider tailoring regulations to limit specified burdens. The bill specifies information and criteria the CFPB must use when conducting its review.
Title
Comprehensive Regulatory Review Act
Sponsors
Rep. Barry Loudermilk [R-GA] | Rep. Josh Gottheimer [D-NJ] |
History
Date | Chamber | Action |
---|---|---|
2019-06-11 | House | Referred to the House Committee on Financial Services. |
2019-06-11 | House | Introduced in House |
Subjects
Administrative law and regulatory procedures
Banking and financial institutions regulation
Consumer credit
Consumer Financial Protection Bureau
Department of the Treasury
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve System
Finance and financial sector
National Credit Union Administration
Banking and financial institutions regulation
Consumer credit
Consumer Financial Protection Bureau
Department of the Treasury
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve System
Finance and financial sector
National Credit Union Administration
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/3198/all-info |
Text | https://www.congress.gov/116/bills/hr3198/BILLS-116hr3198ih.pdf |